El Paso Pipeline Increases Quarterly Cash Distribution
El Paso Pipeline announced that the Board of Directors of its general partner has declared a $0.40 per unit quarterly cash distribution for the second quarter of 2010, or $1.60 per unit on an annualized basis. This distribution represents a 21 percent increase from the $0.33 per unit paid for the second quarter 2009 and a 5 percent increase from the $0.38 per unit paid for the first quarter 2010.
The distribution will be paid August 13, 2010 on all outstanding common and subordinated units to holders of record as of the close of business on July 30, 2010.
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