HOUSTON, April 17 /CNW/ -- Plains All American Pipeline, L.P. (NYSE: PAA)
today announced a cash distribution of $0.8125 per unit ($3.25 per unit on an
annualized basis) on all of its outstanding limited partner units. The
distribution will be payable on May 15, 2007, to holders of record of such
units at the close of business on May 4, 2007.
The quarterly distribution to be paid in May 2007 represents increases of
approximately 14.8% over the quarterly distribution of $0.7075 paid in May
2006 and approximately 1.6% over the February 2007 distribution of $0.80. This
represents the 12th consecutive increase in quarterly distributions for the
Partnership and the 19th increase in the last twenty-five 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.
For further information:
For further information: Phil D. Kramer, Executive Vice President and
CFO, +1-713-646-4560, or Roy I. Lamoreaux, Manager, Investor Relations,
+1-713-646-4222, both of Plains All American Pipeline, L.P., +1-800-564-3036
Web Site: http://www.paalp.com