Tortoise Energy Capital Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of May 31, 2009

As of May 31, 2009, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 540 percent, and its coverage ratio for preferred shares was 262 percent. (For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.)

Set forth below is a summary of the company's unaudited balance sheet at May 31, 2009, and a summary of its top 10 holdings.

Unaudited Balance Sheet

                                            (in Millions)   $ Per Share
Investments                                 $470.2          $26.91
Cash and Cash Equivalents                   20.7            1.19
Receivable for Investments Sold             2.7             0.16
Deferred Tax Asset                          2.5             0.14
Other Assets                                0.5             0.03
Total Assets                                496.6           28.43
Senior Notes                                90.0            5.15
Preferred Stock                             95.0            5.44
Total Leverage                              185.0           10.59
Distribution Payable to Common Stockholders 7.0             0.40
Payable for Investments Purchased           2.0             0.12
Other Liabilities                           2.0             0.11
Net Assets                                  $300.6          $17.21

17.47 million common shares currently outstanding.

Top 10 Holdings (as of May 31, 2009)

Name                               Market          % of
                                   Value           Investment
                                   (in Millions)   Securities(1)
Enbridge Energy Partners, L.P.     $ 43.6          8.9%
Kinder Morgan Management, LLC      41.6            8.5%
Plains All American Pipeline, L.P. 38.1            7.8%
Sunoco Logistics Partners L.P.     36.2            7.4%
NuStar Energy L.P.                 31.0            6.3%
TC PipeLines, LP                   30.8            6.3%
Enterprise Products Partners L.P.  29.8            6.1%
Energy Transfer Partners, L.P.     28.4            5.8%
Magellan Midstream Partners, L.P.  26.9            5.5%
FF I Premier Institutional Fund    20.3            4.1%
Total                              $326.7          66.7%

(1) Percent of Investments and Cash Equivalents.

...Steady Wins(R) About Tortoise Energy Capital Corp.

Tortoise Energy Capital Corp. provides financing for master limited partnerships (MLPs) in the energy infrastructure sector, focusing on crude oil and refined petroleum products MLPs and natural gas and natural gas liquids pipelines MLPs. Tortoise Energy Capital Corp. seeks to provide its stockholders a high level of total return with an emphasis on current distributions.

About Tortoise Capital Advisors

Tortoise Capital Advisors, LLC is a pioneer in capital markets for master limited partnership (MLP) investment companies and a leader in closed-end funds and separately managed accounts focused on MLPs in the energy sector. As of April 30, 2009, the adviser had approximately $1.9 billion of assets under management. For more information, visit our Web site at www.tortoiseadvisors.com.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Forward-Looking Statement

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the company and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the company and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

SOURCE: Tortoise Capital Advisors, LLC

Tortoise Capital Advisors, LLC 
Pam Kearney, 866-362-9331 
Investor Relations 
pkearney@tortoiseadvisors.com