Release Details

STAR GAS CLOSES TOTAL GAS & ELECTRIC SALE

April 1, 2004
STAR GAS CLOSES TOTAL GAS & ELECTRIC SALESTAMFORD, CT (April 1, 2004) -- Star Gas Partners, L.P. (the "Partnership" or "Star") (NYSE: SGU, SGH), a diversified home energy distributor and services provider specializing in heating oil and propane, today announced that it has completed the sale of the stock and business of Total Gas & Electric ("TG&E") to a private party in an all-cash transaction. The Partnership does not expect to record a significant gain or loss on this transaction, which was initially announced on March 15th, and financial terms of the agreement were not disclosed. Star was advised by CENATAR Advisory Group and BOVARO Partners on this transaction.

Star Gas Partners is the nation's largest retail distributor of home heating oil and the nation's seventh largest retail propane distributor. Additional information is available at www.star-gas.com.

This news announcement contains certain forward-looking information that is subject to certain risks and uncertainties as indicated from time to time in the Partnership's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Included risks and uncertainties are the effects of the weather on the Partnership's financial results, competitive and propane and heating oil pricing pressures and other factors impacting the propane, home heating oil, natural gas and electricity distribution industries.
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