Williams Restructuring
The WSJ is reporting that Williams Cos. is planning on merging two of its natural gas pipeline and processing affiliates to create one of the largest natural gas partnerships in the country. "The move will merge Williams Partners and Williams Pipeline Partners, which are entities called master limited partnerships. MLPs are tax-advantaged vehicles commonly used in the energy industry to own stable, fee-producing infrastructure assets such as pipelines and energy-processing plants." Interesting.
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