Valero L.P. and Valero GP Holdings, LLC File 2006 Form 10-Ks for the Fiscal Year Ended December 31, 2006

  
    
  
  
    
      Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today 
      announced that they have filed with the U.S. Securities and Exchange 
      Commission its Annual Reports on Form 10-K for the fiscal year ended 
      December 31, 2006. The filings can be viewed at Valero L.P. and Valero 
      GP Holdings, LLC’s Web sites at www.valerolp.com 
      and www.valerogpholdings.com 
      under the Investors section.
    
    
      Upon request, unitholders and bondholders may receive free of charge a 
      hard copy of both Companies’ Annual Reports on 
      Form 10-K (including complete audited financial statements). Requests 
      should be communicated to Valero L.P. and Valero GP Holdings, LLC’s 
      Investor Relations Department.
    
    
      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.