By Associated Press
Tulsa, OK – Williams creates giant natural gas partnership
TULSA, Okla. (AP) Williams Cos. says it will create one of the largest natural gas partnerships in the nation by combining pipeline and processing units.
The new company will have a presence from the Rocky Mountains and the Gulf Coast to the Northeast.
Williams, based in Tulsa, Okla., will get about $3.5 billion in cash from Williams Partners to help pay down debt and will contribute its substantial assets to the new, larger Williams Partners.