Williams Partners estimates financial impact of gas plant fire |
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Published
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Fri, 30 Nov 2007 21:47
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SAN FRANCISCO (Thomson Financial) - Williams Partners L.P. Friday released its preliminary estimate of the total financial effect of a Nov. 28 fire at its Ignacio natural gas processing plant.The Tulsa, Okla.-based natural gas industry master limited partnership said it expects cash flows to drop by between $10 million and $20 million, primarily in the fourth quarter. The range includes the expected mitigating effect of its property damage and business interruption insurance.The company said it doesn't expect the reduction in cash flow to impact its regular quarterly cash distributions to unitholders.Shares of Williams Partners were trading higher at $41.21.Brigid Gaffikinbg/bg/khCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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