Pacific Energy Partners, L.P.
NYSE : PPX

Pacific Energy Partners, L.P.

February 24, 2005 20:20 ET

Pacific Energy Partners, L.P. Announces Temporary Interruption of Service on Its West Coast Pipelines


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PACIFIC ENERGY PARTNERS

NYSE SYMBOL: PPX

FEBRUARY 24, 2005 - 20:20 ET

Pacific Energy Partners, L.P. Announces Temporary
Interruption of Service on Its West Coast Pipelines

LONG BEACH, Calif.--(CCNMatthews - Feb 24, 2005) -

Pacific Energy Partners, L.P. (NYSE:PPX) announced that it has shut down
both Line 63 and Line 2000 as a precautionary measure due to areas of
earth movement and stream erosion in the Angeles National Forest and
along Grapevine Creek in the I-5 corridor, north of Los Angeles.

Based on its initial assessment, Pacific Energy does not expect this
event to have a material impact on its financial results for the first
quarter of 2005 or for full year 2005. Therefore, the previously
announced earnings guidance remains unchanged.

Pacific Energy has implemented plans to stabilize, or where necessary,
replace short segments of the pipelines that have been exposed as a
result of the heavy rainfall that has occurred during the past weeks.
The integrity of both Line 63 and Line 2000 have not been compromised,
and no oil has been released. Additional assessments are ongoing to
determine if there are any further areas of concern.

Pacific Energy Partners, L.P. is a master limited partnership
headquartered in Long Beach. Pacific Energy is engaged principally in
the business of gathering, transporting, storing and distributing crude
oil and other related products in California and the Rocky Mountain
region, including Alberta, Canada. Pacific Energy generates revenues
primarily by transporting crude oil on its pipelines and by leasing
capacity in its storage facilities. Pacific Energy also buys, blends and
sells crude oil, activities that are complementary to its pipeline
transportation business.

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, 2003.

For additional information, please visit the Pacific Energy Partners,
L.P. website at www.PacificEnergy.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Pacific Energy Partners, L.P.
    Aubrye Harris, 562-728-2871
    Email: aharris@PacificEnergy.com
    562-728-2881 (FAX)