Enterprise Declares Increased Cash Distribution of $0.55 Per Unit; Invites Investors to Fourth Quarter Conference Call.

Business & Energy Editors

HOUSTON--(BUSINESS WIRE)--Jan. 17, 2001

Enterprise Products Partners L.P. (NYSE:EPD) declared a 4.8-percent increase in its regular quarterly cash distribution rate to $0.55 per common and subordinated partnership unit. The distribution will be paid on Feb. 9, 2001 to unitholders of record at the close of business on Jan. 31, 2001.

This is the third increase in the cash distribution rate in the past twelve months. During this time period, the quarterly cash distribution rate to unitholders has increased by 22 percent from $0.45 per unit.

Enterprise will announce its earnings for the fourth quarter and twelve month period ending Dec. 31, 2000 on Tuesday, Jan. 30, 2001 before the New York Stock Exchange opens. Following the announcement, Enterprise will host a conference call that will discuss fourth quarter earnings. The call will be broadcast live over the Internet on Jan. 30, 2001 at 10:00 a.m. EST at http://www.epplp.com. O.S. "Dub" Andras, president and chief executive officer of Enterprise, will lead the call.

To access the webcast, participants should visit the "Investor Information" section of the Web site at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available through Feb. 6, 2001 and can be accessed one hour after the call.

Enterprise Products Partners L.P. is the second largest publicly traded energy partnership with an enterprise value of approximately $3.0 billion at Dec. 31, 2000. Enterprise is a midstream energy service company providing integrated processing, fractionation, transportation, storage and terminalling services to producers and consumers of natural gas liquids (NGLs) and other petroleum liquids. The Company's assets are geographically focused on the United States' Gulf Coast, which accounts for approximately 55% of domestic NGL production and 75% of domestic NGL demand.

This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.