Reuters exclusively reports Williams seeks to raise $5 billion by selling stake in pipelines

Reuters reported exclusively that Williams Companies Inc is seeking a partner to invest in a network of its pipelines in the western United States, a deal that could raise close to $5 billion for the Tulsa, Oklahoma-based company. The investment would be larger than the joint venture Williams clinched last year in the Appalachia and would underscore how pipeline operators are cashing out on some of their assets so that they can pay down debt and invest in new projects.