Williams and Williams Partners L.P. to Highlight Strategy, Outlook During Analyst Day

TULSA, Okla., May 11 /PRNewswire-FirstCall/ -- Williams (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ) today will host an Analyst Day that will include in-depth presentations and discussions on the company's natural gas businesses. Some of the presentation topics will include:

• Strategic overviews of Williams and Williams Partners L.P.
• In-depth presentations on Williams Partners L.P.'s interstate gas pipeline and midstream businesses and Williams' exploration and production business and midstream business in Canada
• Details on key growth initiatives across all businesses

Presenters for Analyst Day will include Steve Malcolm, chairman, president and chief executive officer; Don Chappel, chief financial officer; Phil Wright, president of the gas pipeline business; Alan Armstrong, president of the midstream business; Ralph Hill, president of the exploration and production business; and other key members of Williams' management team.

The meeting will begin at 8:30 a.m. EDT. The morning session will focus on overviews of Williams and Williams Partners L.P., plus in-depth presentations on Williams Partners' interstate gas pipeline and midstream businesses; the afternoon session will feature an in-depth presentation on Williams' exploration and production business.

Both sessions will be broadcast live via webcast. Participants are encouraged to access the webcast at www.williams.com or www.williamslp.com. Slides are available on both web sites for viewing, downloading and printing. A replay of the analyst meeting webcast will be available for two weeks following the event at the web sites listed above.

About Williams (NYSE: WMB)

Williams is an integrated natural gas company focused on exploration and production, midstream gathering and processing, and interstate natural gas transportation primarily in the Rocky Mountains, Gulf Coast, Pacific Northwest, Eastern Seaboard and the Marcellus Shale in Pennsylvania. Most of the company's interstate gas pipeline and midstream assets are held through its 84-percent ownership interest (including the general-partner interest) in Williams Partners L.P. (NYSE: WPZ), a leading diversified master limited partnership. More information is available at www.williams.com. Go to http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.

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 12 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 84 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company 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 company's annual reports filed with the Securities and Exchange Commission.

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.

SOURCE Williams; Williams Partners L.P.