Williams Pipeline Partners L.P. Raises Cash Distribution to 33.5 Cents Per Unit
October 27 2009 - 4:01PM
PR Newswire (US)
TULSA, Okla., Oct. 27 /PRNewswire-FirstCall/ -- Williams Pipeline
Partners L.P. (NYSE:WMZ) announced today that the regular quarterly
cash distribution its unitholders receive has been increased to
$0.335 per unit for third-quarter 2009. The new amount is a
1.5-percent increase over the second-quarter 2009 distribution of
$0.33 per unit and a 6.3-percent increase over the partnership's
third-quarter 2008 distribution of $0.315 per unit. Williams
Pipeline Partners has increased its quarterly distribution in each
of the six quarters since its initial public offering in January
2008. The board of directors of the partnership's general partner
has approved the quarterly cash distribution, which is payable Nov.
13 on all outstanding common and subordinated units to holders of
record at the close of business on Nov. 6. Third-Quarter Financial
Results Williams Pipeline Partners plans to report its
third-quarter 2009 financial results before the market opens on
Thursday, Oct. 29. Management will discuss the results during a
live webcast at 12 p.m. EDT 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 Oct. 29. A
limited number of phone lines also will be available at (800)
481-9591. International callers should dial (719) 457-2650. Replays
of the third-quarter 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. (NYSE:WMZ) 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 (NYSE:WMB).
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. DATASOURCE: Williams Pipeline Partners L.P. CONTACT:
media relations, Jeff Pounds, +1-918-573-3332, or investor
relations, Richard George, +1-918-573-3679, both of Williams
Pipeline Partners L.P. Web Site:
http://www.williamspipelinepartners.com/
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