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WPZ > SEC Filings for WPZ > Form 8-K on 23-Sep-2008All Recent SEC Filings

Show all filings for WILLIAMS PARTNERS L.P. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for WILLIAMS PARTNERS L.P.


23-Sep-2008

Regulation FD Disclosure


Item 7.01. Regulation FD Disclosure.

On September 22, 2008, Williams Partners L.P. (the "Partnership") announced an update of the Discovery system following Hurricane Ike in the Gulf of Mexico. In addition to providing an operational update in the announcement, the Partnership announced that its initial estimate on the financial effect of the hurricane-related damages is a reduction in third-quarter 2008 consolidated segment profit of $6 million to $10 million, based on the Partnership's 60 percent equity earnings in Discovery. This amount includes the Partnership's share of the deductible for Discovery's hurricane property insurance, which is approximately $3.8 million, as well as the interruption in services. The Partnership announced that it does not expect any impact on the Partnership's regular cash distribution to unitholders for third-quarter 2008. The Partnership owns 60 percent of the Discovery system, which includes an offshore natural gas gathering system, as well as the Larose natural gas processing plant and Paradis fractionation facility. Both processing facilities are onshore south of New Orleans.
A copy of the press release announcing the update of the Discovery system following Hurricane Ike is furnished herewith as Exhibit 99.1. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.

(a) None

(b) None

(c) None

(d) Exhibits.

Exhibit Number                               Description

Exhibit 99.1      Press release dated September 22, 2008, announcing an update of
                  the Discovery system following Hurricane Ike.


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