Northern Border Partners, L.P. Increases Quarterly Cash Distribution Nearly 9 Percent

Apr 19, 2001, 01:00 ET from Northern Border Partners, L.P.

    OMAHA, Neb., April 19 /PRNewswire/ -- Northern Border Partners, L.P.
 (NYSE:   NBP) announced today a nearly 9 percent increase in the Partnership's
 quarterly cash distribution to $0.7625 per unit for the first quarter 2001, up
 from $0.70 per unit.  The indicated annual distribution is now $3.05 per unit.
 This is the Partnership's fifth increase in distributions in four years and
 the second in the past six months.
     "This distribution increase reflects the strong performance of all of our
 business groups in 2000, as well as our enthusiasm and confidence in the
 series of strategic acquisitions which we recently completed.  Additionally,
 both Project 2000, which is currently under construction, and the acquisition
 of Midwestern Gas Transmission, which is expected to close in the next
 30 days, should begin to contribute financially in 2001.  We are excited about
 our growth and pleased to deliver the financial benefits to our unitholders,"
 said Bill Cordes, chairman and CEO of Northern Border Partners.
     The distribution is payable May 15, 2001 to unitholders of record
 April 30, 2001.
     Northern Border Partners, L.P. owns a 70 percent general partner interest
 in Northern Border Pipeline Company, a 1,214-mile pipeline system that
 transports natural gas from the Montana-Saskatchewan border to markets in the
 Midwestern U. S.  The Partnership also has gathering systems and processing
 plants in the Powder River, Wind River and Williston Basins in the U.S.; owns
 and operates processing plants and gathering pipelines in Alberta, Canada; and
 transports coal-water slurry via a pipeline in the Southwestern U.S.  The
 general partners of NBP are owned by Enron Corp. (NYSE:   ENE), one of the
 world's leading electricity, natural gas and communications companies and by
 Williams (NYSE:   WMB) providing innovative, reliable products and services
 through its extensive networks of energy-distributing pipelines and high-speed
 fiber-optic cables.  Northern Border Partners, L.P. information may be found
 at http://www.northernborderpartners.com/.
     This press release includes forward-looking statements within the meaning
 of Section 27A of the Securities Act and Section 21E of the Securities
 Exchange Act of 1934.  Although Northern Border Partners, L.P. believes that
 its expectations are based on reasonable assumptions, it can give no assurance
 that such expectations will be achieved.  Important factors that could cause
 actual results to differ materially from those in the forward-looking
 statements include competitive conditions in the gathering, processing,
 transportation and distribution of natural gas and natural gas liquids; timely
 approval of permits and construction delays and actions by the Federal Trade
 Commission in approving the acquisition.
 
      Public Relations Contact:
      Beth Jensen
      Northern Border Partners, L.P.
      (402) 398-7806
 
      Investor Relations Contact:
      Ellen Konsdorf
      Northern Border Partners, L.P.
      (402) 398-7840
 
 

SOURCE Northern Border Partners, L.P.
    OMAHA, Neb., April 19 /PRNewswire/ -- Northern Border Partners, L.P.
 (NYSE:   NBP) announced today a nearly 9 percent increase in the Partnership's
 quarterly cash distribution to $0.7625 per unit for the first quarter 2001, up
 from $0.70 per unit.  The indicated annual distribution is now $3.05 per unit.
 This is the Partnership's fifth increase in distributions in four years and
 the second in the past six months.
     "This distribution increase reflects the strong performance of all of our
 business groups in 2000, as well as our enthusiasm and confidence in the
 series of strategic acquisitions which we recently completed.  Additionally,
 both Project 2000, which is currently under construction, and the acquisition
 of Midwestern Gas Transmission, which is expected to close in the next
 30 days, should begin to contribute financially in 2001.  We are excited about
 our growth and pleased to deliver the financial benefits to our unitholders,"
 said Bill Cordes, chairman and CEO of Northern Border Partners.
     The distribution is payable May 15, 2001 to unitholders of record
 April 30, 2001.
     Northern Border Partners, L.P. owns a 70 percent general partner interest
 in Northern Border Pipeline Company, a 1,214-mile pipeline system that
 transports natural gas from the Montana-Saskatchewan border to markets in the
 Midwestern U. S.  The Partnership also has gathering systems and processing
 plants in the Powder River, Wind River and Williston Basins in the U.S.; owns
 and operates processing plants and gathering pipelines in Alberta, Canada; and
 transports coal-water slurry via a pipeline in the Southwestern U.S.  The
 general partners of NBP are owned by Enron Corp. (NYSE:   ENE), one of the
 world's leading electricity, natural gas and communications companies and by
 Williams (NYSE:   WMB) providing innovative, reliable products and services
 through its extensive networks of energy-distributing pipelines and high-speed
 fiber-optic cables.  Northern Border Partners, L.P. information may be found
 at http://www.northernborderpartners.com/.
     This press release includes forward-looking statements within the meaning
 of Section 27A of the Securities Act and Section 21E of the Securities
 Exchange Act of 1934.  Although Northern Border Partners, L.P. believes that
 its expectations are based on reasonable assumptions, it can give no assurance
 that such expectations will be achieved.  Important factors that could cause
 actual results to differ materially from those in the forward-looking
 statements include competitive conditions in the gathering, processing,
 transportation and distribution of natural gas and natural gas liquids; timely
 approval of permits and construction delays and actions by the Federal Trade
 Commission in approving the acquisition.
 
      Public Relations Contact:
      Beth Jensen
      Northern Border Partners, L.P.
      (402) 398-7806
 
      Investor Relations Contact:
      Ellen Konsdorf
      Northern Border Partners, L.P.
      (402) 398-7840
 
 SOURCE  Northern Border Partners, L.P.