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Quotes & Info
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| WPZ > SEC Filings for WPZ > Form 8-K on 23-Sep-2008 | All Recent SEC Filings |
23-Sep-2008
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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