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Williams Partners L.P. (WPZ)
2012 Barclays Capital CEO Energy-Power Conference Transcript
September 5, 2012 11:00 AM ET
Alan Armstrong - President and CEO
John Porter - Investor Relations
Don Chappel - Chief Financial Officer
Rick Gross - Barclays Capital
PresentationRick Gross - Barclays Capital
Next on the agenda, its part of our part of the program we have Williams Companies. Williams over the last several years has dramatically restructured their operations, where they hold their assets, and they have significantly unlocked value in doing so.
While, they’ve come a long way in both of those areas, we continue to see evolution on both fronts. We continue to see the company migrate from historically being kind of Rocky-centric maybe commodity sensitive company, into more geographically dispersed fee-based company. We continue to see assets migrate from the parent found into the CMLP.
And over this period of time, as I said, we’ve had considerable amount of value created and we are very, very happy to have Alan Armstrong, the President and CEO of Williams, give us an update on how all of this is manifesting itself and continuing to create value for us.
Thanks, Rick, and good morning. We’ve got John Porter here this morning; and Don Chappel, our CFO will be joining us for the question session, after, he’s got a couple of phone calls to make right now.
Well, I’m going to go through today, first of all, hitting some of the industry fundamentals that we think are favorable for our business. Talk about how Williams is positioned up again some of those fundamentals and we’re kind of really take advantage of that.