EXHIBIT 99.02


NORTHERN  BORDER                                News
PARTNERS, L.P.                                  Release  1111 South 103rd Street
                                                Omaha, Nebraska 68124-1000


                                                For Further Information,
                                                Contact
                                                Public Relations Contact:
                                                Beth Jensen
                                                (402) 398-7806

                                                Investor Relations Contact:
                                                Ellen Konsdorf
                                                (402) 398-7840


NORTHERN BORDER PARTNERS' RE-AUDIT CONFIRMS FINANCIALS


For Immediate Release:  October 2, 2002

         OMAHA - Northern Border Partners, L.P. (NYSE- NBP) announced today that
its independent public accountants KPMG LLP have completed re-audits of, and
issued unqualified opinions on, the Partnership's 1999 and 2000 financial
statements, which were originally audited by Arthur Andersen LLP. No adjustments
of previously reported financial information were required as a result of the
re-audits. KPMG previously audited the Partnership's 2001 financial statements.

         "While Andersen's audits of the 1999 and 2000 financial statements were
comprehensive, complete and resulted in unqualified opinions, in order to
provide investors with additional confidence, the Partnership's policy committee
subsequently requested that KPMG re-audit the Partnership's financial statements
for those two years," said Jerry Peters, chief financial officer. "KPMG has
completed its re-audits and confirmed our previously issued financial
statements."

         Northern Border Partners, L.P. owns a 70 percent general partner
interest in Northern Border Pipeline Company, which owns a 1,249-mile interstate
pipeline system that transports natural gas from the Montana-Saskatchewan border
to markets in the Midwestern United States. Additionally, the Partnership owns
the 350-mile long Midwestern Gas Transmission system, which stretches from
Portland, Tennessee to Joliet, Illinois. The Partnership also has gathering
systems and processing plants in the Powder River, Wind River, and Williston
Basins in the U. S.; owns and operates processing plants and gathering pipelines
in Alberta, Canada; and transports coal-water slurry via a pipeline in the
southwestern U. S. Northern Border Partners' information may be found at
http://www.northernborderpartners.com/.



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