Northern Border Partners changes name

Northern Border Partners LP, owner-operator of the 1,249-mile, 2.4 bcfd Northern Border Pipeline (NBPL), will change its name to Oneok Partners LP.

May 19, 2006

By OGJ editors
HOUSTON, May 19 -- Northern Border Partners LP, owner-operator of the 1,249-mile, 2.4 bcfd Northern Border Pipeline (NBPL), will change its name to Oneok Partners LP.

David Kyle is Oneok Partners chairman and chief executive. John W. Gibson is president and chief operating officer, and James C. Kneale, executive vice-president and chief financial officer.

The company is replacing its current policy and audit committees with a six-member board of directors from Oneok Partners GP—the general partner of Oneok Partners—and three independent board members will serve as the audit committee.

Oneok Inc. owns the general partner and 45.7% of the partnership. TransCanada subsidiary TC PipeLines GP owns 50% and will operate NBPL in 2007 (OGJ, Mar. 6, 2006, p. 36).

In April, Oneok Partners purchased gathering and processing facilities, natural gas liquids and pipelines, and storage segments from Oneok Inc. for $3 billion and limited partner units.