PPX PPL Capital Funding Inc

Pacific Energy Partners, L.P. (NYSE:PPX), will release its first quarter 2006 financial results on Wednesday, May 3, 2006, after the market closes. A conference call to discuss the financial results and provide guidance for the second quarter and full year 2006 will take place on Thursday, May 4, 2006, at 2:00 p.m. Eastern Time. The dial in number for the live call is 800-446-2782 or 847-413-3235, and the passcode is 14511288. The call will be available one hour after the end of the conference call and can be replayed for one week by dialing 888-843-8996 or 630-652-3044 and using 14511288 as the passcode. The call will also be available both live and via replay on the Pacific Energy Partners, L.P. website at www.PacificEnergy.com. About Pacific Energy: Pacific Energy Partners, L.P. is a master limited partnership headquartered in Long Beach, California. Pacific Energy is engaged principally in the business of gathering, transporting, storing and distributing crude oil, refined products and other related products. Pacific Energy generates revenues by transporting such commodities on its pipelines, by leasing capacity in its storage facilities and by providing other terminaling services. Pacific Energy also buys and sells crude oil, activities that are generally complementary to its crude oil operations. Pacific Energy conducts its business through two business units, the West Coast Business Unit, which includes activities in California and the Philadelphia, PA area, and the Rocky Mountain Business Unit, which includes activities in five Rocky Mountain states and Alberta, Canada. This news release may include "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included or incorporated herein may constitute forward-looking statements. Although Pacific Energy believes that the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that may affect Pacific Energy's operations and financial performance. Among the factors that could cause results to differ materially are those risks discussed in Pacific Energy's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2005. For additional information about the partnership, please visit www.PacificEnergy.com.