Williams Partners Puts Up $1.2B For Owner's Canadian Assets

Law360, New York (February 26, 2014, 5:28 PM EST) -- Pipeline company Williams Partners LP said Wednesday it would plunk down $1.2 billion on a chunk of the Canadian assets held by its majority owner, Williams Companies Inc., adding to its capabilities as it builds up new infrastructure in the region surrounding Alberta.

The assets trading hands in the sale include an oil sands offgas processing plant in northwestern Alberta near Fort McMurray, in addition to roughly 260 miles of pipeline that transport natural gas liquids and other hydrocarbon products. Williams Partners will also pick up...
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