Contacts:
Phillip D. Kramer Executive Vice President and CFO 713/646-4560 – 800/564-3036
Brad A. Thielemann Manager, Special Projects 713/646-4222 – 800/564-3036
FOR IMMEDIATE RELEASE
Plains All American Pipeline Declares Increased Distribution on Limited Partner Units
(Houston – October 25, 2005) Plains All American Pipeline, L.P. (NYSE: PAA) today announced a cash distribution of $0.675 per unit ($2.70 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on November 14, 2005, to holders of record of such units at the close of business on November 4, 2005.
The quarterly distribution to be paid in November 2005 represents an increase of 12.5% over the quarterly distribution of $0.60 paid in November 2004 and approximately 3.85% over the August 2005 distribution. This represents the 13th distribution increase for the Partnership in the last 19 quarters.
Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil transportation and crude oil gathering, marketing, terminalling and storage, as well as the marketing and storage of liquefied petroleum gas and other petroleum products, in the United States and Canada. Through its 50% ownership in PAA/Vulcan Gas Storage LLC, the Partnership is engaged in the development and operation of natural gas storage facilities. The Partnership's common units are traded on the New York Stock Exchange under the symbol "PAA." The Partnership is headquartered in Houston, Texas.
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