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As filed with the Securities and Exchange Commission on April 29, 2010
Registration No. 333-          
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PAA Natural Gas Storage, L.P.
(Exact Name of Registrant as Specified in Its Charter)
 
         
Delaware
  4922   27-1679071
(State or Other Jurisdiction of
Incorporation or Organization) 		  (Primary Standard Industrial
Classification Code Number) 		  (I.R.S. Employer
Identification Number)
 
333 Clay Street, Suite 1500
Houston, Texas 77002
(713) 646-4100
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
 
Richard K. McGee
Tim Moore
333 Clay Street, Suite 1500
Houston, Texas 77002
(713) 646-4100
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
 
Copies to:
     
David P. Oelman
D. Alan Beck, Jr.
Vinson & Elkins L.L.P.
1001 Fannin Street, Suite 2500
Houston, Texas 77002
(713) 758-2222 		  Joshua Davidson
Gerald M. Spedale
Baker Botts L.L.P.
One Shell Plaza
910 Louisiana Street
Houston, Texas 77002
(713) 229-1234
 
Approximate date of commencement of proposed sale to the public:  As soon as practicable after this Registration Statement becomes effective.
 
If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.  o
 
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  þ File No. 333-164492
 
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o
 
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
             
Large accelerated filer o
  Accelerated filer o   Non-accelerated filer þ
(Do not check if a smaller reporting company) 		  Smaller reporting company o
 
CALCULATION OF REGISTRATION FEE
 
                         
            Proposed Maximum
 		           
Title of Each Class of
 		    Amount to be
 		    Offering Price
 		    Proposed Maximum
 		    Amount of
Securities To Be Registered     Registered(1)     per Common Unit(2)     Aggregate Offering Price     Registration Fee(3)
Common units representing limited partner interests
    13,478,000     $21.50     $289,777,000     $20,662
                         
 
(1) Includes common units issuable upon exercise of the underwriters’ option to purchase additional common units.
 
(2) Based upon the public offering price.
 
(3) The Registrant has previously paid $14,260 in connection with the Registrant’s Registration Statement on Form S-1 (File No. 333-164462) filed on January 25, 2010, $2,139 in connection with the filing of Amendment No. 2 to such Registration Statement on April 2, 2010 and $820 in connection with the filing of Amendment No. 4 to such Registration Statement on April 23, 2010.
 
The Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) under the Securities Act of 1933, as amended.
 

 

 
EXPLANATORY NOTE
 
This registration statement is being filed with respect to the registration of additional common units representing limited partner interests of PAA Natural Gas Storage, L.P., a Delaware limited partnership, pursuant to Rule 462(b) under the Securities Act of 1933, as amended. The contents of the registration statement on Form S-1 (Registration No. 333-164492), initially filed by PAA Natural Gas Storage, L.P. with the Securities and Exchange Commission on January 25, 2010, as amended by Amendment No. 1 thereto filed on March 3, 2010, Amendment No. 2 thereto filed on April 2, 2010, Amendment No. 3 thereto filed on April 13, 2010 and Amendment No. 4 thereto filed on April 22, 2010, and which was declared effective on April 29, 2010, including the exhibits thereto, are incorporated herein by reference.
 
The required opinions and consents are listed on an Exhibit Index attached hereto and filed herewith.

 

 
PART II
 
INFORMATION NOT REQUIRED IN PROSPECTUS
 
ITEM 16.  Exhibits and Financial Statement Schedules
 
  a.  Exhibits
 
             
Exhibit
 		       
Number
     
Description
 
             
  5 .1   —   Opinion of Vinson & Elkins L.L.P. as to the legality of the securities being registered
             
  8 .1   —   Opinion of Vinson & Elkins L.L.P. relating to tax matters
             
  23 .1   —   Consent of PricewaterhouseCoopers
             
  23 .2   —   Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.1)
             
  23 .3   —   Consent of Vinson & Elkins L.L.P. (contained in Exhibit 8.1)
             
  24 .1   —   Powers of Attorney (included on the signature page to the Registration Statement on Form S-1 (File No. 333-164492) initially filed with the Securities and Exchange Commission on January 25, 2010 and incorporated by reference herein).
 
  b.  Financial Statement Schedules
 
None.

 

 
 
Signatures
 
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on April 29, 2010.
 
PAA Natural Gas Storage, L.P.
 
  By:  PNGS GP LLC, its general partner
 
  By: 
/s/  Al Swanson
Name:     Al Swanson
  Title:      Senior Vice President and
Chief Financial Officer
 
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and the dates indicated.
 
PNGS GP LLC, as general partner of PAA NATURAL GAS STORAGE, L.P.
 
             
Signature
 
Title
 
Date
 
         
*

Greg L. Armstrong 		  Chairman of the Board, Chief Executive Officer and Director (Principal Executive Officer)   April 29, 2010
         
*

Harry N. Pefanis 		  Vice Chairman and Director   April 29, 2010
         
*

Dean Liollio 		  President and Director   April 29, 2010
         
/s/  Al Swanson

Al Swanson 		  Senior Vice President, Chief Financial Officer and Director (Principal Financial Officer)   April 29, 2010
         
*

Tina L. Summers 		  Vice President — Accounting and Chief Accounting Officer (Principal Accounting Officer)   April 29, 2010
         
/s/ Victor Burk

Victor Burk 		  Director   April 29, 2010
         
*By: 
/s/  Al Swanson

Al Swanson, Attorney-in-Fact
       


4

 

 
 
INDEX TO EXHIBITS
 
             
Exhibit
 		       
Number
     
Description
 
             
  5 .1   —   Opinion of Vinson & Elkins L.L.P. as to the legality of the securities being registered
             
  8 .1   —   Opinion of Vinson & Elkins L.L.P. relating to tax matters
             
  23 .1   —   Consent of PricewaterhouseCoopers
             
  23 .2   —   Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.1)
             
  23 .3   —   Consent of Vinson & Elkins L.L.P. (contained in Exhibit 8.1)
             
  24 .1   —   Powers of Attorney (included on the signature page to the Registration Statement on Form S-1 (File No. 333-164492) initially filed with the Securities and Exchange Commission on January 25, 2010 and incorporated by reference herein).