Contacts:
Phil D. Kramer
Executive Vice President and CFO
713/646-4560 – 800/564-3036
Roy I. Lamoreaux
Manager, Investor Relations
713/646-4222 – 800/564-3036
FOR IMMEDIATE RELEASE
Plains All American Pipeline Declares Increased Distribution on Limited Partner Units
(Houston – July 19, 2007) Plains All American Pipeline, L.P. (NYSE: PAA) today announced a cash distribution of $0.83 per unit ($3.32 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on August 14, 2007, to holders of record of such units at the close of business on August 3, 2007.
The quarterly distribution to be paid in August 2007 represents increases of approximately 14.5% over the quarterly distribution of $0.725 paid in August 2006 and approximately 2.2% over the May 2007 distribution of $0.8125. This represents the 13th consecutive increase in quarterly distributions for the Partnership and the 20th increase in the last twenty-six quarters.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products. Through its 50% ownership in PAA/Vulcan Gas Storage LLC, the partnership also develops and operates natural gas storage facilities. The Partnership is headquartered in Houston, Texas.
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