PAA » Topics » FORWARD-LOOKING STATEMENTS

This excerpt taken from the PAA 8-K filed Jul 20, 2009.
FORWARD-LOOKING STATEMENTS
 
All statements included or incorporated by reference in this prospectus or the accompanying prospectus supplement, other than statements of historical fact, are forward-looking statements, including but not limited to statements identified by the words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend” and “forecast,” as well as similar expressions and statements regarding our business strategy, plans and objectives of our management for future operations. The absence of these words, however, does not mean that the statements are not forward-looking. These statements reflect our current views with respect to future events, based on what we believe are reasonable assumptions. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to:
 
  •  failure to implement or capitalize on planned internal growth projects;
 
  •  maintenance of our credit rating and ability to receive open credit from our suppliers and trade counterparties;
 
  •  continued creditworthiness of, and performance by, our counterparties, including financial institutions and trading companies with which we do business;
 
  •  the success of our risk management activities;
 
  •  environmental liabilities or events that are not covered by an indemnity, insurance or existing reserves;
 
  •  abrupt or severe declines or interruptions in outer continental shelf production located offshore California and transported on our pipeline systems;
 
  •  shortages or cost increases of power supplies, materials or labor;
 
  •  the availability of adequate third-party production volumes for transportation and marketing in the areas in which we operate, and other factors that could cause declines in volumes shipped on our pipelines by us and third-party shippers, such as declines in production from existing oil and gas reserves or failure to develop additional oil and gas reserves;
 
  •  fluctuations in refinery capacity in areas supplied by our mainlines, and other factors affecting demand for various grades of crude oil, refined products and natural gas and resulting changes in pricing conditions or transportation throughput requirements;
 
  •  the availability of, and our ability to consummate, acquisition or combination opportunities;
 
  •  our ability to obtain debt or equity financing on satisfactory terms to fund additional acquisitions, expansion projects, working capital requirements and the repayment or refinancing of indebtedness;
 
  •  the successful integration and future performance of acquired assets or businesses and the risks associated with operating in lines of business that are distinct and separate from our historical operations;
 
  •  unanticipated changes in crude oil market structure and volatility (or lack thereof);
 
  •  the impact of current and future laws, rulings, governmental regulations and interpretations;
 
  •  the effects of competition;
 
  •  interruptions in service and fluctuations in tariffs or volumes on third-party pipelines;
 
  •  increased costs or lack of availability of insurance;
 
  •  fluctuations in the debt and equity markets, including the price of our units at the time of vesting under our long-term incentive plans;
 
  •  the currency exchange rate of the Canadian dollar;
 
  •  weather interference with business operations or project construction;


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  •  risks related to the development and operation of natural gas storage facilities;
 
  •  future developments and circumstances at the time distributions are declared;
 
  •  general economic, market or business conditions; and
 
  •  other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products.
 
Other factors described herein or incorporated by reference, or factors that are unknown or unpredictable, could also have a material adverse effect on future results. Please read “Risk Factors” beginning on page 5 of this prospectus and in Item 1A. “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2007. Except as required by securities laws applicable to the documents incorporated by reference, we do not intend to update these forward-looking statements and information.
 
FORWARD-LOOKING STATEMENTS
 
All statements included in this report, other than statements of historical fact, are forward-looking statements, including but not limited to statements identified by the words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend” and “forecast,” and similar expressions and statements regarding our business strategy, plans and objectives of our management for future operations. The absence of these words, however, does not mean that the statements are not forward-looking. These statements reflect our current views with respect to future events, based on what we believe are reasonable assumptions. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to:
 
  •  failure to implement or capitalize on planned internal growth projects;
 
  •  the success of our risk management activities;
 
  •  environmental liabilities or events that are not covered by an indemnity, insurance or existing reserves;
 
  •  maintenance of our credit rating and ability to receive open credit from our suppliers and trade counterparties;
 
  •  abrupt or severe declines or interruptions in outer continental shelf production located offshore California and transported on our pipeline systems;
 
  •  shortages or cost increases of power supplies, materials or labor;
 
  •  the availability of adequate third-party production volumes for transportation and marketing in the areas in which we operate, and other factors that could cause declines in volumes shipped on our pipelines by us and third-party shippers;
 
  •  fluctuations in refinery capacity in areas supplied by our mainlines, and other factors affecting demand for various grades of crude oil, refined products and natural gas and resulting changes in pricing conditions or transportation throughput requirements;
 
  •  the availability of, and our ability to consummate, acquisition or combination opportunities;
 
  •  our access to capital to fund additional acquisitions and our ability to obtain debt or equity financing on satisfactory terms;
 
  •  successful integration and future performance of acquired assets or businesses and the risks associated with operating in lines of business that are distinct and separate from our historical operations;
 
  •  unanticipated changes in crude oil market structure and volatility (or lack thereof);
 
  •  the impact of current and future laws, rulings and governmental regulations;
 
  •  the effects of competition;
 
  •  continued creditworthiness of, and performance by, our counterparties;
 
  •  interruptions in service and fluctuations in tariffs or volumes on third-party pipelines;
 
  •  increased costs or lack of availability of insurance;
 
  •  fluctuations in the debt and equity markets, including the price of our units at the time of vesting under our long-term incentive plans;
 
  •  the currency exchange rate of the Canadian dollar;
 
  •  weather interference with business operations or project construction;
 
  •  risks related to the development and operation of natural gas storage facilities;
 
  •  general economic, market or business conditions; and
 
  •  other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products.


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Other factors described elsewhere in this document, or factors that are unknown or unpredictable, could also have a material adverse effect on future results. Please read “Risks Related to Our Business” discussed in Item 1A. “Risk Factors.” Except as required by applicable securities laws, we do not intend to update these forward-looking statements and information.
 
FORWARD-LOOKING
STATEMENTS



 



All statements included in this report, other than statements of
historical fact, are forward-looking statements, including but
not limited to statements identified by the words
“anticipate,” “believe,”
“estimate,” “expect,” “plan,”
“intend” and “forecast,” and similar
expressions and statements regarding our business strategy,
plans and objectives of our management for future operations.
The absence of these words, however, does not mean that the
statements are not forward-looking. These statements reflect our
current views with respect to future events, based on what we
believe are reasonable assumptions. Certain factors could cause
actual results to differ materially from results anticipated in
the forward-looking statements. These factors include, but are
not limited to:


 












































































































































































































































  • 

failure to implement or capitalize on planned internal growth
projects;
 
  • 

the success of our risk management activities;
 
  • 

environmental liabilities or events that are not covered by an
indemnity, insurance or existing reserves;
 
  • 

maintenance of our credit rating and ability to receive open
credit from our suppliers and trade counterparties;
 
  • 

abrupt or severe declines or interruptions in outer continental
shelf production located offshore California and transported on
our pipeline systems;
 
  • 

shortages or cost increases of power supplies, materials or
labor;
 
  • 

the availability of adequate third-party production volumes for
transportation and marketing in the areas in which we operate,
and other factors that could cause declines in volumes shipped
on our pipelines by us and third-party shippers;
 
  • 

fluctuations in refinery capacity in areas supplied by our
mainlines, and other factors affecting demand for various grades
of crude oil, refined products and natural gas and resulting
changes in pricing conditions or transportation throughput
requirements;
 
  • 

the availability of, and our ability to consummate, acquisition
or combination opportunities;
 
  • 

our access to capital to fund additional acquisitions and our
ability to obtain debt or equity financing on satisfactory terms;
 
  • 

successful integration and future performance of acquired assets
or businesses and the risks associated with operating in lines
of business that are distinct and separate from our historical
operations;
 
  • 

unanticipated changes in crude oil market structure and
volatility (or lack thereof);
 
  • 

the impact of current and future laws, rulings and governmental
regulations;
 
  • 

the effects of competition;
 
  • 

continued creditworthiness of, and performance by, our
counterparties;
 
  • 

interruptions in service and fluctuations in tariffs or volumes
on third-party pipelines;
 
  • 

increased costs or lack of availability of insurance;
 
  • 

fluctuations in the debt and equity markets, including the price
of our units at the time of vesting under our long-term
incentive plans;
 
  • 

the currency exchange rate of the Canadian dollar;
 
  • 

weather interference with business operations or project
construction;
 
  • 

risks related to the development and operation of natural gas
storage facilities;
 
  • 

general economic, market or business conditions; and
 
  • 

other factors and uncertainties inherent in the transportation,
storage, terminalling and marketing of crude oil, refined
products and liquefied petroleum gas and other natural gas
related petroleum products.





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Other factors described elsewhere in this document, or factors
that are unknown or unpredictable, could also have a material
adverse effect on future results. Please read “Risks
Related to Our Business” discussed in Item 1A.
“Risk Factors.” Except as required by applicable
securities laws, we do not intend to update these
forward-looking statements and information.


 




FORWARD-LOOKING STATEMENTS
 
All statements included in this report, other than statements of historical fact, are forward-looking statements, including but not limited to statements identified by the words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend” and “forecast,” and similar expressions and statements regarding our business strategy, plans and objectives of our management for future operations. The absence of these words, however, does not mean that the statements are not forward-looking. These statements reflect our current views with respect to future events, based on what we believe are reasonable assumptions. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to:
 
  •  our failure to successfully integrate the business operations of Pacific Energy Partners L.P. (“Pacific”) or our failure to successfully integrate any future acquisitions;
 
  •  the failure to realize the anticipated cost savings, synergies and other benefits of the merger with Pacific;
 
  •  the success of our risk management activities;
 
  •  environmental liabilities or events that are not covered by an indemnity, insurance or existing reserves;
 
  •  maintenance of our credit rating and ability to receive open credit from our suppliers and trade counterparties;
 
  •  abrupt or severe declines or interruptions in outer continental shelf production located offshore California and transported on our pipeline systems;
 
  •  failure to implement or capitalize on planned internal growth projects;
 
  •  the availability of adequate third party production volumes for transportation and marketing in the areas in which we operate, and other factors that could cause declines in volumes shipped on our pipelines by us and third party shippers;
 
  •  fluctuations in refinery capacity in areas supplied by our mainlines, and other factors affecting demand for various grades of crude oil, refined products and natural gas and resulting changes in pricing conditions or transmission throughput requirements;
 
  •  the availability of, and our ability to consummate, acquisition or combination opportunities;
 
  •  our access to capital to fund additional acquisitions and our ability to obtain debt or equity financing on satisfactory terms;
 
  •  future performance of acquired assets or businesses and the risks associated with operating in lines of business that are distinct and separate from our historical operations;
 
  •  unanticipated changes in crude oil market structure and volatility (or lack thereof);
 
  •  the impact of current and future laws, rulings and governmental regulations;
 
  •  the effects of competition;
 
  •  continued creditworthiness of, and performance by, our counterparties;
 
  •  interruptions in service and fluctuations in tariffs or volumes on third-party pipelines;
 
  •  increased costs or lack of availability of insurance;
 
  •  fluctuations in the debt and equity markets, including the price of our units at the time of vesting under our Long-Term Incentive Plans;
 
  •  the currency exchange rate of the Canadian dollar;
 
  •  shortages or cost increases of power supplies, materials or labor;
 
  •  weather interference with business operations or project construction;
 
  •  risks related to the development and operation of natural gas storage facilities;
 
  •  general economic, market or business conditions; and
 
  •  other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products.
 
Other factors described elsewhere in this document, or factors that are unknown or unpredictable, could also have a material adverse effect on future results. Please read “Risks Related to Our Business” discussed in Item 1A. “Risk Factors.” Except as required by applicable securities laws, we do not intend to update these forward-looking statements and information.


Table of Contents

FORWARD-LOOKING STATEMENTS

All statements included in this report, other than statements of historical fact, are forward-looking statements, including but not limited to statements identified by the words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend” and “forecast,” and similar expressions and statements regarding our business strategy, plans and objectives of our management for future operations. However, the absence of these words does not mean that the statements are not forward-looking. These statements reflect our current views with respect to future events, based on what we believe are reasonable assumptions. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to:

·       the success of our risk management activities;

·       environmental liabilities or events that are not covered by an indemnity, insurance or existing reserves;

·       maintenance of our credit rating and ability to receive open credit from our suppliers and trade counterparties;

·       abrupt or severe declines or interruptions in outer continental shelf production located offshore California and transported on our pipeline system;

·       declines in volumes shipped on the Basin Pipeline, Capline Pipeline and our other pipelines by us and third party shippers;

·       the availability of adequate third party production volumes for transportation and marketing in the areas in which we operate;

·       demand for natural gas or various grades of crude oil and resulting changes in pricing conditions or transmission throughput requirements;

·       fluctuations in refinery capacity in areas supplied by our transmission lines;

·       the availability of, and our ability to consummate, acquisition or combination opportunities;

·       our access to capital to fund additional acquisitions and our ability to obtain debt or equity financing on satisfactory terms;

·       successful integration and future performance of acquired assets or businesses and the risks associated with operating in lines of business that are distinct and separate from our historical operations;

·       the impact of current and future laws, rulings and governmental regulations;

·       the effects of competition;

·       continued creditworthiness of, and performance by,  our counterparties;

·       interruptions in service and fluctuations in rates of third party pipelines;

·       increased costs or lack of availability of insurance;

·       fluctuations in the debt and equity markets, including the price of our units at the time of vesting under our Long-Term Incentive Plans;

·       the currency exchange rate of the Canadian dollar;

·       the impact of crude oil and natural gas price fluctuations;

·       shortages or cost increases of power supplies, materials or labor;

·       weather interference with business operations or project construction;

·       general economic, market or business conditions; and




·       other factors and uncertainties inherent in the marketing, transportation, terminalling, gathering and storage of crude oil and liquefied petroleum gas.

Other factors described elsewhere in this document, or factors that are unknown or unpredictable, could also have a material adverse effect on future results. Please read “Risks Related to Our Business” discussed in Item 1A. “Risk Factors.” Except as required by applicable securities laws, we do not intend to update these forward-looking statements and information.




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