TULSA, Okla., Jan. 26 /PRNewswire-FirstCall/ -- Williams Pipeline Partners L.P. announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.32 per unit for fourth-quarter 2008.
The new distribution amount is a 1.6-percent increase over the third-quarter 2008 distribution of $0.315 per unit and a 6.7-percent increase over the partnership's initial prorated cash distribution to unitholders of $0.2242 per unit for first-quarter 2008.
The board of directors of the partnership's general partner has approved the fourth-quarter 2008 distribution, which is payable on Feb. 13, 2009, to unitholders of record at the close of business on Feb. 6.
Year-end Financial Results
The partnership plans to report its year-end 2008 financial results before the market opens on Thursday, Feb. 19. Management will discuss the results during a live webcast beginning at 12 p.m. EST the same day. Participants are encouraged to access the webcast at http://www.williamspipelinepartners.com/. Slides will be available for viewing, downloading and printing on the morning of Feb. 19.
A limited number of phone lines also will be available at (877) 723-9517. International callers should dial (719) 325-4829. Replays of the year-end webcast, in both streaming and downloadable podcast formats, will be available for two weeks at http://www.williamspipelinepartners.com/ following the event.
About Williams Pipeline Partners L.P.
Williams Pipeline Partners is a publicly traded master limited partnership that owns and operates natural gas transportation and storage assets. The general partner of Williams Pipeline Partners is Williams Pipeline GP LLC, which is a wholly owned subsidiary of Williams . For more information, please visit http://www.williamspipelinepartners.com/. Go to http://www.b2i.us/irpass.asp?BzID=1589&to=ea&s=0 to join our e-mail list.
Contact: Jeff Pounds Williams (media relations) (918) 573-3332 Richard George Williams (investor relations) (918) 573-3679
This press release may include "forward-looking statements" as defined by federal law. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. Additional information about issues that could lead to material changes in performance is contained in the Partnership's Form S-1 filed with the Securities and Exchange Commission.
