TULSA, Okla., Jan. 24, 2011 /PRNewswire/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.7025 per unit.

The new per-unit amount is a 2-percent increase over the partnership's third-quarter 2010 distribution of $0.6875 per unit and an 11-percent increase over the partnership's fourth-quarter 2009 distribution of $0.635 per unit.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Feb. 11, 2011, to unitholders of record at the close of business on Feb. 4.

Year-End Financial Results

Williams Partners plans to report its year-end 2010 financial results before the market opens on Thursday, Feb. 17.

Management will discuss the results during a live webcast beginning at 11 a.m. EST the same day. Participants are encouraged to access the webcast at www.williamslp.com. Slides will be available for viewing, downloading and printing on the morning of Feb. 17.

A limited number of phone lines also will be available at (888) 300-2318. International callers should dial (719) 325-2402. Replays of the year-end 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.


    MEDIA CONTACT:                            INVESTOR CONTACT:
    Jeff Pounds                               Sharna Reingold
    (918) 573-3332                            (918) 573-2078

SOURCE Williams Partners L.P.