HOUSTON, Jul 16, 2008 (BUSINESS WIRE) -- Enterprise GP Holdings L.P., (NYSE:EPE) announced today that the board of directors of its general partner declared an increase in its quarterly cash distribution rate to partners to $0.44 per unit, or $1.76 per unit on an annualized basis. The cash distribution will be paid on August 8, 2008, to unitholders of record as of the close of business July 31, 2008. This distribution represents a 15.8 percent increase from $0.38 per unit declared with respect to the second quarter of 2007.
Enterprise will announce its earnings for the second quarter 2008 on Monday, August 11, 2008, before the New York Stock Exchange opens for trading.
Enterprise GP Holdings is one of the largest publicly traded GP partnerships with an enterprise value of approximately $5 billion. It owns general partner and limited partner interests in Enterprise Products Partners L.P., TEPPCO Partners, L.P. and Energy Transfer Equity, L.P. For more information on Enterprise GP Holdings L.P., visit the partnership's website.
SOURCE: Enterprise GP Holdings L.P.
Enterprise GP Holdings L.P., Houston Randy Burkhalter, 713-381-6812 Investor Relations or Rick Rainey, 713-381-3635 Media Relations