Dear Unitholders:

At El Paso Pipeline Partners, we are developing a strong track record as a high-performing MLP. In the three years since our initial public offering, we have placed more than 10 projects in-service, completed six acquisitions, and increased our quarterly distributions to unitholders by more than 50 percent. This has allowed us to build EPB into one of the 10 largest publicly traded master limited partnerships.

Our goal is to extend that performance well into the future. To do that, we intend to consistently deliver stable cash flows from our existing set of premium pipeline and LNG assets and pursue growth opportunities in a manner consistent with our prior history. Our diverse asset base is strategically located in key supply and market growth areas, which should help to attract organic expansion projects as we move into the future. And, with strong sponsorship from our general partner, El Paso Corporation, we remain uniquely positioned to deliver additional value for our unitholders through opportunistic acquisition activity.

We believe El Paso Pipeline Partners has a bright future. Thank you for your continued trust in our stewardship of your investment.

James C. Yardley
President and Chief Executive Officer
El Paso Pipeline G.P. Company, LLC., the General Partner of El Paso Pipeline Partners, L.P.

Who We Are

El Paso Pipeline Partners, L.P. is a Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines and storage assets. El Paso Corporation owns a 45 percent limited partner interest and 2 percent general partner interest in the partnership. El Paso Pipeline Partners, L.P. owns Wyoming Interstate Company, L.L.C. (WIC), Southern LNG Company, L.L.C. (SLNG), Elba Express Company, L.L.C. (Elba Express), a 85 percent interest in Southern Natural Gas Company (SNG), and a 58 percent interest in Colorado Interstate Gas Company (CIG). WIC and CIG are interstate pipeline systems serving the Rocky Mountain region; SLNG owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia; and both Elba Express and SNG are interstate pipeline systems serving the southeastern region of the United States.

* Adjusted EBITDA is a non-GAAP financial measure and is defined as net income adjusted for (i) income tax expense, (ii) interest and debt expense, net of interest income, (iii) affiliated interest income, net of affiliated interest expense (iv) depreciation and amortization expense, (v) the parthership's share of distributions declared by unconsolidated affiliates for the applicable period, (vi) earnings from unconsolidated affiliates, and (vii) distributions declared by majority owned subsidiaries to El Paso for the applicalble period.

Note: Historical financial statements are retrospectively adjusted for the acquisition of additional general partner interests in subsidiaries from El Paso Corporation.

Contact Information

Corporate Offices
1001 Louisiana Street
Houston, Texas 77002
P. O. Box 2511
Houston, Texas 77252-2511
713-420-2600

Investor and Media Relations

Bruce Connery
Vice President, Investor and Media Relations
713-420-5855

Bill Baerg
Manager, Investor Relations
713-420-2906

Scott Langston
Senior Analyst, Investor Relations
713-420-5661
Fax: 713-420-4417

InvestorRelations@elpaso.com

Unit Transfer Agent

Computershare Trust Company, N.A.
P. O. Box 43010
Providence, Rhode Island 02940-3010
www.computershare.com/equiserve
1-888-417-4835
781-575-3100

Stock Exchange Listing
El Paso Pipeline Partners trades under the symbol “EPB” and is proud to meet the listing requirements of the NYSE, the world’s leading equities market.

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