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NORTHERN BORDER PARTNERS, L. P. DECLARES
FOURTH QUARTER DISTRIBUTION
FOR IMMEDIATE RELEASE: Tuesday, January 18, 2001
OMAHA -- Northern Border Partners, L. P. (NYSE - NBP) declared today the Partnership’s fourth quarter cash distribution of $0.70 per unit, an annual indicated rate of $2.80 per unit. The distribution is payable on Feb. 14, 2001 to unitholders of record Jan. 31, 2001.
Northern Border Partners, L.P. owns a 70 percent general partner interest in Northern Border Pipeline Company, which owns a 1,214-mile interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to markets in the Midwestern United States. Through Crestone Energy Ventures, the Partnership owns interests in Crestone Gathering Services (100 percent), Bighorn Gas Gathering (49 percent), Fort Union Gas Gathering (33.33 percent) and Lost Creek Gathering (35 percent) in the Powder River and Wind River Basins in Wyoming. In addition, the Partnership owns the Black Mesa Pipeline, a 273-mile, coal-water slurry pipeline from Kayenta, Ariz. to the Mohave Power Station in Laughlin, Nev. Northern Border Partners, L.P. information may be found at www.northernborderpartners.com
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For additional information please contact:
Public Relation Contact:
Beth Jensen
(402) 398-7806
Investor Relations Contact:
Ellen Konsdorf
(402) 398-7840
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