Williams Partners to acquire interests in Wamsutter from Williams for $750M |
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Published
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Fri, 30 Nov 2007 23:58
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SAN FRANCISCO (Thomson Financial) - Williams Partners L.P. and Williams Cos. said late Friday the partnership has agreed to acquire certain membership interests in Wamsutter LLC from Williams for $750 million.Under the terms of the agreement, Williams Partners will acquire 100% of the Class A membership interest in Wamsutter and 50% of the initial Class C units, while Williams will retain 100% of the Class B membership interest in Wamsutter and 50% of the initial Class C units.The Wamsutter system includes a 1,700-mile natural gas gathering system in south-central Wyoming and the Echo Springs cryogenic processing plant near Wamsutter, Wyo.The deal is expected to add immediately to distributable cash flow for Williams Partners on a per unit basis.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Williams Partners to buy membership interest in Wamsutter System from Williams 