Article: WPS Resources Corporation Declares Special Pro Rata Dividends in Preparation for Completing Merger with Peoples Energy Corporation.

GREEN BAY, Wis., Feb. 8 /PRNewswire-FirstCall/ -- In preparation for the potential closing of the merger of WPS Resources Corporation with Peoples Energy Corporation prior to WPS Resources' next common stock dividend record date, and in accordance with the merger agreement between WPS Resources and Peoples Energy, the Board of Directors of WPS Resources today declared two special pro rata dividends.

The board declared a pro rata dividend of $0.00638889 per share per day that will accrue from December 1, 2006, being the date immediately following WPS Resources' prior dividend record date, until and including the day prior to the effective date of the merger. ...

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