Pacific Energy Partners, L.P.

Pacific Energy Partners, L.P.

March 01, 2005 16:55 ET

Pacific Energy Partners, L.P. Announces West Coast Pipelines Online


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PACIFIC ENERGY PARTNERS, L.P.

NYSE SYMBOL: PPX

MARCH 1, 2005 - 16:55 ET

Pacific Energy Partners, L.P. Announces West Coast
Pipelines Online

LONG BEACH, Calif.--(CCNMatthews - Mar 1, 2005) -

Pacific Energy Partners, L.P. (NYSE:PPX) announced that Line 63 and Line
2000, which were shut down last week as a result of earth movement and
stream erosion caused by heavy rainfall, have been returned to service.
Line 2000 was operational as of late Friday, February 25, 2005 and Line
63 was returned to service on Saturday, February 26, 2005. Since both
lines have excess pumping capacity, we expect that volumes not delivered
in February, will be delivered in March.

As previously stated, 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 announced earnings guidance
provided in February 2005 remains unchanged.

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 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, and Section 21E of
the Securities Exchange Act of 1934. All statements other than
statements of historical fact included or incorporated herein may
constitute forward-looking statements. Although the Partnership 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 affect
the Partnership's operations and financial performance. Among the
factors that could cause results to differ materially are those risks
discussed in the Partnership's filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended
December 31, 2003.

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Contact Information

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