Plains All American Announces Record Date for Special Unitholder Meeting
September 08 2006 - 7:27PM
PR Newswire (US)
HOUSTON, Sept. 8 /PRNewswire-FirstCall/ -- Plains All American
Pipeline, L.P. (NYSE:PAA) announced today that it has set the close
of business on September 18, 2006 as the record date for
determining common unitholders entitled to receive notice of, and
to vote at, the special meeting to be held to consider proposals to
approve and adopt the merger agreement and approve the merger
between Plains All American and Pacific Energy Partners, L.P.
(NYSE:PPX). PAA common unitholders will also be asked to approve
the issuance of PAA common units to the common unitholders of
Pacific Energy in connection with the merger. The times, dates and
locations of the unitholder meetings will be announced at a later
date. In addition to the approval of the unitholders of Plains All
American and Pacific Energy, the completion of the transaction
remains subject to approvals of certain state utility commissions
and other regulatory bodies. The Partnership anticipates closing
the transaction during the fourth quarter of 2006. Plains All
American Pipeline, L.P. is engaged in interstate and intrastate
crude oil transportation and crude oil gathering, marketing,
terminalling and storage, as well as the marketing and storage of
liquefied petroleum gas and other petroleum products, in the United
States and Canada. Through its 50% ownership in PAA/Vulcan Gas
Storage LLC, the Partnership is also engaged in the development and
operation of natural gas storage facilities. The Partnership's
common units are traded on the New York Stock Exchange under the
symbol "PAA". The Partnership is headquartered in Houston, Texas.
Investor Notice Plains All American Pipeline, L.P. has filed with
the Securities and Exchange Commission a registration statement on
Form S-4 (as the same may be supplemented or amended, Registration
No. 333-135712) containing a preliminary joint proxy
statement/prospectus of Plains All American Pipeline, L.P. and
Pacific Energy Partners, L.P. and other documents in relation to
this transaction. Investors and security holders are urged to read
carefully these documents when they become available because they
will contain important information regarding Plains All American
Pipeline, L.P., Pacific Energy Partners, L.P. and the merger. A
definitive joint proxy statement/prospectus will (when finalized)
be sent to security holders of Plains All American Pipeline, L.P.
and Pacific Energy Partners, L.P. seeking their approval of the
transactions contemplated by the merger agreement. Investors and
security holders may obtain a free copy of the definitive joint
proxy statement/prospectus (when it is available) and other
documents containing information about Plains All American
Pipeline, L.P. and Pacific Energy Partners, L.P., without charge,
at the SEC's website at http://www.sec.gov/ . Copies of the
definitive joint proxy statement/prospectus and the SEC filings
that will be incorporated by reference in the definitive joint
proxy statement/prospectus may also be obtained free of charge by
directing a request to the respective partnerships as follows:
Information regarding Plains All American Pipeline can be obtained
by contacting its investor relations department at 713-646-4100 or
by accessing its website at http://www.paalp.com/ , and information
regarding Pacific Energy Partners can be obtained by contacting its
investor relations department at 562-728-2871 or by accessing its
website at http://www.pacificenergy.com/ . Plains All American
Pipeline, L.P. and Pacific Energy Partners, L.P. and the officers
and directors of the respective general partners of Plains All
American Pipeline, L.P. and Pacific Energy Partners, L.P. may be
deemed to be participants in the solicitation of proxies from their
security holders. Information about these persons can be found in
Plains All American Pipeline, L.P.'s and Pacific Energy Partners,
L.P.'s respective Annual Reports on Form 10-K and Form 10-K/A filed
with the SEC, and additional information about such persons may be
obtained from the joint proxy statement/prospectus when it becomes
available. This document shall not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of the Securities Act of 1933,
as amended. DATASOURCE: Plains All American Pipeline, L.P. CONTACT:
Phillip D. Kramer, Executive Vice President and CFO,
+1-713-646-4560, or A. Patrick Diamond, Director, Strategic
Planning, +1-713-646-4487, both of Plains All American Pipeline,
L.P., +1-800-564-3036 Web site: http://www.paalp.com/
http://www.pacificenergy.com/
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