Pacific Energy Partners, L.P. Announces Record Date for Special Meeting of Unitholders
09 September 2006 - 12:50AM
Business Wire
Pacific Energy Partners, L.P. (NYSE:PPX) ("Pacific Energy" or the
"Partnership") announced that it has set the close of business on
September 18, 2006, as the record date for determining the
unitholders entitled to receive notice of, and to vote at, the
special meeting to be held to consider the proposed merger
transaction with Plains All American Pipeline, L.P. ("Plains"). The
time, date and location of the unitholder meeting will be announced
at a later date. In addition to the approval of the unitholders of
Plains and Pacific Energy, the completion of the transaction
remains subject to approvals of certain state utility commissions
and other regulatory bodies. Pacific Energy anticipates closing the
transaction in the fourth quarter of 2006. 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, refined products and other related
products. Pacific Energy generates revenues by transporting such
commodities on its pipelines, by leasing capacity in its storage
facilities and by providing other terminaling services. Pacific
Energy also buys and sells crude oil, activities that are generally
complementary to its crude oil operations. Pacific Energy conducts
its business through two business units, the West Coast Business
Unit, which includes activities in California and the Philadelphia,
PA, area, and the Rocky Mountain Business Unit, which includes
activities in five Rocky Mountain states and Alberta, Canada. For
additional information about the partnership, please visit
www.PacificEnergy.com. Investor Notice: Pacific Energy and Plains
have filed a joint proxy statement/prospectus and other documents
with the Securities and Exchange Commission ("SEC") with respect to
the proposed merger of Pacific Energy with and into Plains. Upon
being declared effective by the SEC, a definitive joint proxy
statement/prospectus will be sent to security holders of Pacific
Energy and Plains seeking their approval of the merger and related
transactions. Investors and security holders are urged to carefully
read the joint proxy statement/prospectus because it contains
important information, including detailed risk factors, regarding
Pacific Energy, Plains and the merger. Investors and security
holders may obtain a free copy of the definitive joint proxy
statement/prospectus, when it becomes available, and other
documents containing information about Pacific Energy and Plains,
without charge, at the SEC's web site at www.sec.gov. Copies of the
definitive joint proxy statement/prospectus, when it becomes
available, and the SEC filings that are incorporated by reference
in the joint proxy statement/prospectus may also be obtained free
of charge by directing a request to Pacific Energy or Plains.
Pacific Energy or Plains and the officers and directors of the
respective general partners of Pacific Energy or Plains may be
deemed to be participants in the solicitation of proxies from their
security holders in connection with the proposed transaction.
Information about these persons can be found in Pacific Energy's or
Plains' respective Annual Reports on Form 10-K filed with the SEC,
and additional information about such persons may be obtained from
the joint proxy statement/prospectus.
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