Speculative Options Plays

[CoolHandLucas]

VEH - Valero L.P. and Valero GP Holdings, LLC to Present at the Platts California Fuel Supply Conference
Friday 03/23/2007 4:11 PM ET - BusinessWire
Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today announced that Mary Morgan, Vice President of Marketing and Business Development of Valero L.P., will make a presentation at the Platts California Fuel Supply Conference in Long Beach, California on Monday, March 26 at 4:30 p.m. PT. A copy of the presentation will be available at www.valerolp.com and www.valerogpholdings.com in the Investors portion of the Web sites.

Valero L.P. is a publicly traded, limited partnership based in San Antonio, with 9,113 miles of pipeline, 87 terminal facilities and four crude oil storage facilities. One of the largest independent terminal and petroleum liquids pipeline operators in the nation, the partnership has operations in the United States, the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. The partnership's combined system has approximately 80 million barrels of storage capacity, and includes crude oil and refined product pipelines, refined product terminals, a petroleum and specialty liquids storage and terminaling business, as well as crude oil storage tank facilities. For more information, visit Valero L.P.'s Web site at www.valerolp.com.

Valero GP Holdings, LLC is a publicly traded limited liability company that owns the two percent general partner interest, a 21.4 percent limited partner interest and the incentive distribution rights in Valero L.P., one of the largest independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. For more information, visit Valero GP Holdings, LLC's Web site at www.valerogpholdings.com.

SOURCE: Valero L.P. & Valero GP Holdings, LLC

Valero L.P., San Antonio Investors, Mark Meador, Senior Manager, Investor Relations: 210-345-2895 or Media, Mary Rose Brown, Senior Vice President, Corporate Communications: 210-345-2314 Web site: http://www.valerolp.com