Article: Pacific Energy Partners, L.P. Declares Increase in Cash Distribution for Fourth Quarter 2004

LONG BEACH, Calif.--(CCNMatthews - Jan 21, 2005) -

Pacific Energy Partners, L.P. (NYSE:PPX) announced an increase in its cash distribution for the quarter ended December 31, 2004, to $0.50 per unit ($2.00 per unit annualized). This distribution, which is payable February 14, 2005, to unitholders of record as of January 31, 2005, represents a 2.6 percent increase over the distribution for the quarter ended September 30, 2004, of $0.4875 per unit ($1.95 per unit annualized).

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 ...

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