May 3, 2005 (Overland Park, KS) - Tortoise Energy Capital Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. Tortoise Energy Capital Corporation is a newly organized, non-diversified, closed-end management investment company that seeks to provide its stockholders with an efficient vehicle to invest in a portfolio consisting primarily of master limited partnerships (MLPs) and their affiliates in the energy infrastructure sector.

Lehman Brothers and Stifel, Nicolaus & Company, Incorporated are to serve as joint book-running managers for the common share offering. Wachovia Securities is to serve as joint lead manager.

Copies of the preliminary prospectus relating to these securities may be obtained from the offices of Lehman Brothers, Inc. c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717, and Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Dept., 501 North Broadway, 8th Floor, St. Louis, Missouri 63102.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Contact Information: Tortoise Capital Advisors, LLC, Investor Relations Dept. at (913) 981-1020.