Williams Partners Raises Per-Unit Cash Distribution to 71.75 Cents for First-Quarter 2011

TULSA, Okla., April 21, 2011 /PRNewswire/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.7175 per unit.

The new per-unit amount is a 2-percent increase over the partnership's fourth-quarter 2010 distribution of $0.7025 per unit and a 9-percent increase over the partnership's first-quarter 2010 distribution of $0.6575 per unit.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on May 13, 2011, to unitholders of record at the close of business on May 6.

First-Quarter Financial Results

Williams Partners plans to report its first-quarter 2011 financial results after the market closes on Wednesday, May 4.

Management will discuss the results during a live webcast beginning at 11 a.m. EDT on Thursday, May 5. Participants are encouraged to access the webcast at www.williamslp.com. Slides will be available for viewing, downloading and printing when results are released on May 4.

A limited number of phone lines also will be available at (888) 516-2438. International callers should dial (719) 325-2190. Replays of the first-quarter webcast in both streaming and downloadable podcast formats will be available for two weeks following the event at www.williamslp.com.

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 75 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 email list.

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.

SOURCE Williams Partners L.P.

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