Williams Energy Partners to Release Earnings Jan. 28

TULSA, Okla. -- Williams Energy Partners L.P. (NYSE:WEG) plans to announce its financial results for fourth-quarter 2001 before the market opens on Monday, Jan. 28. Partnership management will host an investor conference call at 9:00 a.m. Eastern the same day to discuss fourth-quarter results.

To participate in the conference call, dial (800) 289-0496 and provide code 717011. International callers should dial (913) 981-5519 and provide the same code. A webcast will also be available at http://www.williams.com/weg/weg_news.html.

Audio replays of the conference call will be available from 12:30 p.m. Eastern on Jan. 28 through midnight on Feb. 4. To access the replay, dial (888) 203-1112. The access replay code is 717011. International callers should dial (719) 457-0820 for the replay, providing the same code.

About Williams Energy Partners L.P.

Williams Energy Partners L.P. was formed to own, operate and acquire a diversified portfolio of energy assets. The partnership is engaged principally in the storage, transportation and distribution of refined petroleum products and ammonia. The general partner of WEG is a unit of Williams (NYSE:WMB), which specializes in a broad array of energy-related services, including energy marketing and trading and natural gas pipeline transportation.

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Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price for crude oil, changes in demand for refined petroleum products, adverse developments affecting our ammonia pipeline customers, changes in federal government policies affecting farm subsidies, changes to cost estimates relating to specific acquisitions, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements). These and other factors are set forth in the Partnership's Form 10-K for the year 2000 filed with the Securities and Exchange Commission.  

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