4. Pacific Terminals' Corporate History

Pacific Terminals is a Delaware limited liability company that was formed for the specific purpose of owning and operating the FOP Facilities that are to be acquired from SCE. It will be a wholly-owned subsidiary of Pacific Energy Group LLC, which in turn is a wholly-owned subsidiary of Pacific Energy Partners, L.P., a master limited partnership that is publicly traded on the New York Stock Exchange. The Commission approved this form of organization for Pacific Terminals' affiliate, PPS LLC, in D.02-06-069.