Williams Partners LP (NYSE:WPZ) provided an update on the status of the Lathrop compressor station near Springville in Susquehanna County, Pa., following a flash fire on the morning of March 29. Williams (NYSE:WMB) owns 72% of Williams Partners, including the general-partner interest.

Based on available information, management of Williams Partners and Williams expect the financial impact of the fire to be immaterial to their financial condition, liquidity and, respectively, the distributions and dividends they pay to unitholders and shareholders.

Recent volumes at the Lathrop compressor station equate to approximately 365 million ...