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Williams Partners L.P. Raises Cash Distribution to 62.5 Cents Per Unit

2008-07-28 15:06:00

Williams Partners L.P. Raises Cash Distribution to 62.5 Cents Per Unit

    TULSA, Okla., July 28 /EMWNews/ -- Williams Partners L.P.

(NYSE: WPZ) announced today that the regular quarterly cash distribution

its unitholders receive has been increased to $0.625 per unit. This is the

partnership's tenth consecutive distribution increase since its initial

distribution in November 2005.



    The new distribution amount is an increase of 2.5 cents per unit over

the first-quarter 2008 distribution and a 19-percent increase over the

partnership's second-quarter 2007 distribution of $0.525 per unit.



    The board of directors of the partnership's general partner has

approved the increase in the quarterly cash distribution. The

second-quarter distribution is payable on Aug. 14, 2008, to unitholders of

record at the close of business on Aug. 7.



    Second-Quarter Financial Results



    Williams Partners plans to report its second-quarter 2008 financial

results before the market opens on Thursday, Aug. 7.



    Management will discuss the results during a live webcast beginning at

11 a.m. EDT the same day. Participants are encouraged to access the webcast

at http://www.williamslp.com. Slides will be available for viewing,

downloading and printing on the morning of Aug 7.



    A limited number of phone lines also will be available at (877)

558-9190. International callers should dial (706) 902-3248. Replays of the

second-quarter webcast, in both streaming and downloadable podcast formats,

will be available for two weeks at http://www.williamslp.com following the

event.



    About Williams Partners L.P. (NYSE: WPZ)



    Williams Partners L.P. is a publicly traded master limited partnership

that owns natural gas gathering, transportation, processing and treating

assets serving regions where producers require large scale and highly

reliable services, including the Gulf of Mexico, the San Juan Basin in New

Mexico and Colorado, and the Washakie Basin in Wyoming. The partnership

also serves the natural gas liquids (NGL) market through its NGL

fractionating and storage assets. The general partner is Williams Partners

GP LLC. More information about the partnership is available at

http://www.williamslp.com. Go to

http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 to join our e-mail list.




Contact: Jeff Pounds Williams (media relations) (918) 573-3332 Sharna Reingold Williams (investor relations) (918) 573-2078 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 annual and quarterly reports filed with the Securities and Exchange Commission.

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