Williams completes sale of interest in Alliance Pipeline for $173m

Oct. 30, 2002 — Williams announced that it has completed the sale of its ownership interest in the Canadian and United States segments of the Alliance pipeline to Enbridge Inc. and Fort Chicago Energy Partners L.P. Williams has received cash proceeds of $173 million.

A unit of Williams’ gas pipelines business owned a 14.6 percent interest in the 1,900-mile Alliance pipeline, which transports natural gas from western Canada to the Chicago area. Williams retained its interest in the Aux Sable natural gas liquids plant, which processes all gas transported on the Alliance pipeline.

Williams is the nation’s second largest interstate natural gas pipeline operator. Williams’ subsidiaries wholly own and operate 20,400 miles of interstate natural gas pipeline, comprised of the Transco, Northwest and Texas Gas systems.

About Williams

Williams moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Okla., Williams’ operations span the energy value chain from wellhead to burner tip. Company information is available at www.williams.com .

No posts to display