Williams Partners L.P. (NYSE: WPZ) announced today that the regular
quarterly cash distribution its unitholders receive has been increased
to $0.8075 per unit.
The board of directors of the partnership's general partner has approved
the quarterly cash distribution, which is payable on Nov. 9, 2012, to
unitholders of record at the close of business on Nov. 2.
The new per-unit amount is an 8-percent increase over the partnership's
distribution of $0.7475 per unit that was paid in November 2011. It is
also a 2-percent increase over the partnership's second-quarter 2012
distribution of $0.7925 per unit.
This announcement is intended to be a qualified notice to nominees under
Treasury Regulation Section 1.1446-4(b)(4) and (d), with 100 percent of
the partnership's distributions to foreign investors attributable to
income that is effectively connected with a United States trade or
business. Accordingly, the partnership's distributions to foreign
investors are subject to federal income tax withholding at the highest
effective tax rate. Nominees, and not Williams Partners L.P., are
treated as the withholding agents responsible for withholding on the
distributions received by them on behalf of foreign investors.
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited
partnership focused on natural gas transportation; gathering, treating,
and processing; storage; natural gas liquid (NGL) fractionation; and oil
transportation. The partnership owns interests in three major interstate
natural gas pipelines that, combined, deliver 14 percent of the natural
gas consumed in the United States. The partnership's gathering and
processing assets include large-scale operations in the U.S. Rocky
Mountains and both onshore and offshore along the Gulf of Mexico.
Williams (NYSE: WMB) owns approximately 66 percent of Williams Partners,
including the general-partner interest. More information is available at www.williamslp.com.
Portions of this document may constitute "forward-looking statements"
as defined by federal law. Although the partnership believes any such
statements are based on reasonable assumptions, there is no assurance
that actual outcomes will not be materially different. Any such
statements are made in reliance on the "safe harbor" protections
provided under the Private Securities Reform Act of 1995. Additional
information about issues that could lead to material changes in
performance is contained in the partnership's annual reports filed with
the Securities and Exchange Commission.
Williams Partners L.P.
Sharna Reingold, 918-573-2078