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El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N)) News Release - 21-Jul-2008

El Paso Pipeline Partners Increases Cash Distribution

HOUSTON, TX, Jul 21, 2008 (MARKET WIRE via COMTEX News Network) -- El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that the Board of Directors of its general partner has declared a quarterly cash distribution of $0.2950 per unit for the second quarter of 2008, up 2.6 percent from $0.2875 paid for the first quarter 2008. The distribution will be paid August 14, 2008 on all outstanding common and subordinated units to holders of record as of the close of business on July 31, 2008.

"El Paso Pipeline Partners has made great progress since its initial public offering in November, with ownership interests in 11 expansion projects completed or under development," said Jim Yardley, president and chief executive officer of the general partner of El Paso Pipeline Partners. "This cash distribution increase reflects the significant cash generation and organic growth capabilities of our partnership's diversified asset base."

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, Ltd. (WIC), an interstate pipeline system serving the Rocky Mountain region, and a 10 percent interest in each of the Colorado Interstate Gas Company (CIG) and Southern Natural Gas Company (SNG) 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 www.eppipelinepartners.com.

Cautionary Statement Regarding Forward-Looking Statements

This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. El Paso Pipeline Partners has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, including, without limitation, insufficient cash flows required to make the cash distributions to unitholders, the ability to obtain necessary governmental approvals for proposed pipeline projects and to successfully construct and operate such projects; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control; the risks associated with recontracting of transportation commitments; regulatory uncertainties associated with pipeline rate cases; actions taken by third-party operators, processors and transporters; conditions in geographic regions or markets served by El Paso Pipeline Partners and its affiliates and equity investees or where its operations and affiliates are located; the effects of existing and future laws and governmental regulations; competitive conditions in our industry; changes in the availability and cost of capital; and other factors described in the company's (and its affiliates') Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to those filings for additional important factors that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.

Contacts:
Investor & Media Relations
Bruce L. Connery
Vice President
Office: (713) 420-5855

Media Relations
Richard Wheatley
Manager
Office: (713) 420-6828