HOUSTON(Business Wire)Enterprise GP Holdings L.P., (NYSE:EPE) announced today that the board ofdirectors of its general partner declared an increase in the quarterly cashdistribution rate to partners to $0.47 per unit, or $1.88 per unit on anannualized basis. The cash distribution will be paid on February 10, 2009, tounitholders of record as of the close of business January 30, 2009. Thisdistribution represents a 14.6 percent increase from $0.41 per unit declaredwith respect to the fourth quarter of 2007. Enterprise GP Holdings will announce its earnings for the fourth quarter 2008 onMonday, March 2, 2009, before the New York Stock Exchange opens for trading. Enterprise GP Holdings is one of the largest publicly traded GP partnerships. Itowns the general partner and limited partner interests in Enterprise ProductsPartners L.P., TEPPCO Partners, L.P and Energy Transfer Equity, L.P. For moreinformation on Enterprise GP Holdings L.P., visit Enterprise GP Holdings L.P., HoustonRandy Burkhalter, 713-381-6812Investor RelationsorRick Rainey, 713-381-3635Media RelationsCopyright Business Wire 2009.
It was all good just two months ago. Byron Scott, Wake Forest basketball head coach Dino Gaudio and a host of Chris Paul’s loved ones were gathered at a Winston-Salem bowling alley for CP3’s Family & Friends Night on the lanes Scott was full of energy. He had his beer, bowling shoes and the biggest grin on his face. Little else mattered in the world.But then the 2009-10 NBA season started for the New Orleans Hornets.
Any grin he had earlier in the fall was immediately replaced by grief after his team’s opening night gutter ball and 1-3 start. A win over Dallas was nice for the 2008 Coach of the Year, but subsequent defeats began to take their toll on the front office.Six failures by an average of 14 points will make even the most optimistic reveler in the Crescent City nervous. Add that fact with the still-stinging memory of last year’s opening-round postseason embarrassment. Let’s not even get on the Hornets’ despicable 121-63 smashing from the Denver Nuggets in Game 4 and it makes sense that owner George Shinn would want a change.From the season’s opening tip, the media’s kept an eye on Paul. Their relationship, on the court and at the bowling alley, appeared genuinely solid.There’s no way the 24-year-old superstar will find solace in Scott’s exit. Nor will he find much consolation in the arrival of interim coach Jeff Bower and top assistant Tim Floyd.