Transco pipeline owner in multi-billion-dollar - TopicsExpress

Transco pipeline owner in multi-billion-dollar merger citizensvoice/news/transco-pipeline-owner-in-multi-billion-dollar-merger-1.1778132 Tulsa, Okla.-based Williams Companies Inc., which owns the Transco interstate natural gas pipeline that runs through Luzerne County, announced that its limited partnership, Williams Partners L.P., will merge with Oklahoma City-based Access Midstream Partners, L.P. in an approximately $50 billion deal. When the merger is complete, which is expected to happen by early 2015, Williams Partners will be wholly owned by Access Midstream, and the merged master limited partnership will be named Williams Partners LP. Master limited partnerships are publicly traded and are exempt from federal income tax.

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