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NORTHERN BORDER PARTNERS, L.P. DECLARES REGULAR QUARTERLY CASH DISTRIBUTION
FOR IMMEDIATE RELEASE: Thursday, January 16, 1997
HOUSTON -- The Partnership Policy Committee of Northern
Border Partners, L.P. today declared the Partnership's regular quarterly cash distribution of $0.55 per unit for the fourth quarter of 1996. The indicated annual rate is $2.20 per unit.
The distribution is payable February 14, 1997, to
unitholders of record as of January 31, 1997, out of the available cash flow from operations of the Partnership from October 1, 1996, to December 31,1996.
Northern Border Partners, L.P. owns a 70 percent general
partner interest in Northern Border Pipeline Company, which owns a 969-mile U.S. interstate pipeline system that transports natural gas produced in western Canada and the Williston Basin to major gas consuming markets in the United States. Northern Border Partners, L.P. common units are listed on the New York Stock Exchange under the symbol "NBP".
For additional information please contact:
A. H. Davis
713/853-6941
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