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PAA Declares Increased Distribution on Limited Partner Units

Mon. October 19, 2009; Posted: 09:00 AM
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HOUSTON, Oct 19, 2009 (BUSINESS WIRE) -- PAA | Quote | Chart | News | PowerRating -- Plains All American Pipeline, L.P. (NYSE:PAA) today announced a cash distribution of $0.92 per unit ($3.68 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on November 13, 2009, to holders of record of such units at the close of business on November 3, 2009. The distribution represents an increase of approximately 3.1% over the quarterly distribution of $0.8925 per unit paid in November 2008 and an increase of approximately 1.7% from the August 2009 distribution of $0.905 per unit.

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

SOURCE: Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. 
Roy I. Lamoreaux, 713-646-4222 or 800-564-3036 
Manager, Investor Relations 
or 
A. Patrick Diamond, 713-646-4487 or 800-564-3036 
Vice President
For full details on Plains All Amer Pipeline (PAA) click here. Plains All Amer Pipeline (PAA) has Short Term PowerRatings of 5. Details on Plains All Amer Pipeline (PAA) Short Term PowerRatings is available at This Link.

    


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