TEPPCO Partners, L.P.`s Special Committee Responds to Enterprise`s Proposal

HOUSTON--(Business Wire)--
TEPPCO Partners, L.P. (NYSE:TPP) ("TEPPCO") today announced that on March 9,
2009, it received an offer from Enterprise Products Partners L.P. (NYSE:EPD)
("Enterprise") to acquire all of the outstanding partnership interests of TEPPCO
for 1.043 Enterprise common units plus $1.00 in cash for each TEPPCO common
unit. In order to evaluate the proposed acquisition by Enterprise, the Audit,
Conflicts and Governance Committee of TEPPCO`s general partner, Texas Eastern
Products Pipeline Company, LLC, has formed a special committee of independent
directors consisting of Donald H. Daigle, Irvin Toole, Jr. and Duke R. Ligon.
After considering Enterprise`s offer with the assistance of its financial and
legal advisors, the special committee has unanimously concluded that it does not
support the proposal as it now stands and has advised Enterprise of its
decision. However, the special committee remains willing to consider a revised
proposal that appropriately recognizes the value of TEPPCO, including the
significant benefits that would accrue to Enterprise as a result of a merger
with TEPPCO.

Mr. Donald H. Daigle, chairman of the special committee, said, "The special
committee is confident in TEPPCO`s strong financial performance and its diverse
and valuable asset mix, which should continue to enhance unitholder value. In
addition, we look forward to TEPPCO maintaining its successful relationship with
Enterprise, regardless of ownership structure."

TEPPCO does not intend to comment further on discussions unless and until a
definitive agreement is reached.

TEPPCO Partners, L.P., is a publicly traded energy logistics partnership with
operations that span much of the continental United States. TEPPCO owns and
operates an extensive network of assets that facilitate the movement, marketing,
gathering and storage of various commodities and energy-related products. The
partnership`s midstream network is comprised of approximately 12,500 miles of
pipelines that gather and transport refined petroleum products, crude oil,
natural gas, liquefied petroleum gases (LPGs) and natural gas liquids, including
one of the largest common carrier pipelines for refined petroleum products and
LPGs in the United States. TEPPCO`s storage assets include approximately 27
million barrels of capacity for refined petroleum products and LPGs and about 14
million barrels of capacity for crude oil. TEPPCO also owns a marine business
that operates primarily on the United States inland and Intracoastal Waterway
systems, and in the Gulf of Mexico. For more information, visit TEPPCO`s website
(www.teppco.com). Texas Eastern Products Pipeline Company, LLC, the general
partner of TEPPCO Partners, L.P., is owned by Enterprise GP Holdings (NYSE:EPE).

This news release includes forward-looking statements.Except for the historical
information contained herein, the matters discussed in this news release are
forward-looking statements that involve certain risks and uncertainties.These
risks and uncertainties include, among other things, insufficient cash from
operations, market conditions, governmental regulations and factors discussed in
TEPPCO Partners, L.P.'s filings with the Securities and Exchange Commission.If
any of these risks or uncertainties materializes, or should underlying
assumptions prove incorrect, actual results or outcomes may vary materially from
those expected.The partnership disclaims any intention or obligation to update
publicly or reverse such statements, whether as a result of new information,
future events or otherwise.

TEPPCO Partners, L.P.
Investor Relations
Mark G. Stockard, 713-381-4707
Toll Free: 800-659-0059
or
Media Relations
Rick Rainey, 713-381-3635

Copyright Business Wire 2009