El Paso Pipeline expects to declare cash distribution of $2.60/unit in 2014 EPB expects to declare cash distribution of $2.60 per unit for 2014, a 2% increase over the $2.55 per unit it will distribute for 2013. EPB’s 2014 budget includes the expected purchase of a 50% interest in Ruby Pipeline, a 50% interest in Gulf LNG and a 47.5% interest in Young Gas Storage from KMI. The positive impact from the expected dropdowns at attractive multiples will be largely offset by the full year impacts of the SNG and WIC rate case settlements and expected lower rates on contract renewals on the WIC system.
News For EPB From The Last 14 Days
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El Paso Pipeline increases quarterly dividend by 3% to 65c El Paso Pipeline Partners announced its Q2 cash distribution per common unit of 65c payable on August 14 to unitholders of record as of July 31. This represents a 3% increase over the 2Q13 cash distribution per unit of 63c.