(Houston - January 12, 2011) Plains All American Pipeline, L.P. (NYSE: PAA) today announced a quarterly cash distribution of $0.9575 per unit ($3.83 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on February 14, 2011, to holders of record of such units at the close of business on February 4, 2011. This distribution represents an increase of approximately 3.2% over the quarterly distribution of $0.9275 per unit ($3.71 per unit on an annualized basis) paid in February 2010 and an increase of approximately 0.8% from the quarterly distribution of $0.9500 per unit ($3.80 per unit on an annualized basis) paid in November 2010. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 25 out of the past 27 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 general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA is also engaged in the development and operation of natural gas storage facilities. PAA is headquartered in Houston, TX.
Plains All American Pipeline, L.P.
Roy I. Lamoreaux, 713-646-4222 – 800-564-3036
Director, Investor Relations
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