El Paso Pipeline Partners, L.P. Declares Prorated Quarterly Distribution (updated)
26 Janvier 2008 - 1:08AM
PR Newswire (US)
HOUSTON, Jan. 25 /PRNewswire-FirstCall/ -- El Paso Pipeline
Partners, L.P. (NYSE:EPB) announced today that the Board of
Directors of its general partner has declared a prorated quarterly
cash distribution of $0.12813 per unit, for the fourth quarter of
2007. This cash distribution will be paid February 14, 2008, on all
outstanding common and subordinated units to holders of record as
of the close of business on February 4, 2008. The distribution is
the first declared by the partnership and corresponds to the
minimum quarterly distribution of $0.28750 per unit per quarter, or
$1.15 per unit on an annualized basis, prorated for the partial
quarter following the closing of the partnership's initial public
offering on November 21, 2007. El Paso Pipeline Partners, L.P. is a
Delaware limited partnership formed by El Paso Corporation in 2007
to own and operate natural gas transportation pipelines and storage
assets. El Paso Corporation owns 56.2 million limited partner units
and 1.7 million general partner units. El Paso Pipeline Partners,
L.P. owns Wyoming Interstate Company, an interstate pipeline system
serving the Rocky Mountain region, and a 10 percent interest in
each of the Colorado Interstate Gas Company and Southern Natural
Gas Company interstate pipelines, which operate in the Rocky
Mountain and southeastern regions of the United States,
respectively. For more information about El Paso Pipeline Partners,
visit http://www.eppipelinepartners.com/. Note: Release has been
updated to reflect five decimal places for quarterly cash
distribution amount. DATASOURCE: El Paso Pipeline Partners, L.P.
CONTACT: investors, Bruce L. Connery, Vice President,
+1-713-420-5855, fax, +1-713-420-4417, or media, Richard Wheatley,
Manager, +1-713-420-6828, fax, +1-713-420-6341, both of El Paso
Pipeline Partners, L.P. Web site:
http://www.eppipelinepartners.com/ http://www.elpaso.com/
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