HOUSTON, Oct 15, 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 $0.455 per unit, or $1.82 per unit on an annualized basis. The cash distribution will be paid on November 13, 2008, to unitholders of record as of the close of business October 31, 2008. This distribution represents a 15.2 percent increase from $0.395 per unit declared with respect to the third quarter of 2007.
Enterprise will announce its earnings for the third quarter 2008 on Monday, November 10, 2008, before the New York Stock Exchange opens for trading.
Enterprise GP Holdings is one of the largest publicly traded GP partnerships. It owns the 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
Investor Relations
Randy Burkhalter, 713-381-6812
or
Media Relations
Rick Rainey, 713-381-3635