SOURCE: El Paso Pipeline Partners

El Paso Pipeline Partners

October 22, 2010 08:30 ET

El Paso Pipeline Partners Increases Quarterly Cash Distribution

HOUSTON, TX--(Marketwire - October 22, 2010) -  El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that the Board of Directors of its general partner has declared a $0.41 per unit quarterly cash distribution for the third quarter of 2010, or $1.64 per unit on an annualized basis. This distribution represents a 17 percent increase from the $0.35 per unit paid for the third quarter 2009 and a 2.5 percent increase from the $0.40 per unit paid for the second quarter 2010.

The distribution will be paid November 15, 2010, on all outstanding common and subordinated units to holders of record as of the close of business on November 1, 2010.

El Paso Pipeline Partners, L.P. is a Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines and storage assets. El Paso Corporation owns an approximate 52 percent limited partner interest and the 2 percent general partner interest in the partnership. El Paso Pipeline Partners, L.P. owns Wyoming Interstate Company, L.L.C., an interstate pipeline system serving the Rocky Mountain region; a 58 percent interest in Colorado Interstate Gas Company, which operates in the Rocky Mountain region; a 51 percent interest in Southern LNG Company, L.L.C., which owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia; a 51 percent interest in El Paso Elba Express Company, L.L.C.; and a 45 percent interest in Southern Natural Gas Company. Both El Paso Elba Express Company, L.L.C. and Southern Natural Gas Company are interstate pipeline systems serving the southeastern region of the United States.

Note to Non-United States Investors

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent of El Paso Pipeline Partners' distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, El Paso Pipeline Partners' distributions to Non-United States investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contact Information

  • Contacts:

    Investor and Media Relations
    Bruce Connery
    Vice President
    (713) 420-5855

    Media Relations
    Bill Baerg
    (713) 420-2906