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DCP Midstream Partners Declares Quarterly Distribution; Invites Investors To First Quarter 2006 Earnings Call

DENVER, April 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- DCP Midstream Partners, LP (NYSE: DPM) today announced that the board of directors of its general partner declared a quarterly cash distribution to partners of $.35 per unit for the quarter ended March 31, 2006. The quarterly cash distribution will be paid on May 15, 2006 to unitholders of record at the close of business on May 5, 2006. This quarterly distribution equates to $1.40 per unit on an annual basis.

DCP Midstream Partners will announce its earnings for the first quarter of 2006 before the New York Stock Exchange opens for trading on Wednesday, May 10 2006. An earnings conference call for investors and analysts is scheduled for 11 a.m. ET (10 a.m. CT) on Wednesday, May 10, 2006. The conference call can be accessed via webcast through the Investor section of DCP Midstream Partners' Web site at or by dialing 866-356-4123 in the United States or 617-597-5393 outside the United States. The pass code is 72199091. Please call in five to 10 minutes prior to the scheduled start time. A replay of the conference call will be available until midnight ET, May 17, 2006, by dialing 888-286-8010 in the United States or 617-801-6888 outside the United States. The pass code is 38398170. A replay, transcript and presentation slides in PDF format will also be available by accessing the event calendar of the Investor section of the company's Web site.

DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. For more information, visit the DCP Midstream Partners, LP Web site at

SOURCE DCP Midstream Partners, LP

Media and Investor Relations Contact: Karen Taylor of DCP Midstream Partners, LP, +1-303-633-2913, or 24-Hour: +1-303-809-9160