Plains All American Pipeline Declares Increased Distribution on Limited Partner Units



    HOUSTON, October 18 /CNW/ - Plains All American Pipeline, L.P. (NYSE:  PAA)
today announced a cash distribution of $0.84 per unit ($3.36 per unit on an
annualized basis) on all of its outstanding limited partner units. The
distribution will be payable on November 14, 2007, to holders of record of
such units at the close of business on November 2, 2007.

    The quarterly distribution to be paid in November 2007 represents
increases of approximately 12.0% over the quarterly distribution of $0.75 per
unit paid in November 2006 and approximately 1.2% over the August 2007
distribution of $0.83 per unit. This represents the 14th consecutive increase
in quarterly distributions for the Partnership and the 21st increase in the
last twenty-seven quarters. The Partnership noted that including the November
distribution, the quarterly distributions paid per unit during 2007 will total
$3.2825, representing a 14.4% increase over the $2.87 paid per unit in 2006,
thereby exceeding the Partnership's targeted 14.0% distribution increase for
the year.

    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 is also engaged in the development and operation
of natural gas storage facilities. The Partnership is headquartered in
Houston, Texas.




For further information:

For further information: Plains All American Pipeline, L.P., Houston
Executive Vice President and CFO Phil D. Kramer, 713-646-4560 or 800-564-3036
or Manager, Investor Relations Roy I. Lamoreaux, 713-646-4222 or 800-564-3036

Organization Profile

PLAINS ALL AMERICAN PIPELINE, L.P.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890