FWIW - Williams Companies says "Return rate too low" ...U.S. energy firm
Williams Companies is not interested in three utilities recently bought by Canada's pipeline operator Enbridge
as the return rate would be too low, Chief Executive Alan Armstrong said on Wednesday.
Enbridge said this week it will buy East Ohio Gas, Questar Gas, and Public Service Co of North Carolina from Dominion Energy for $14 billion including debt, creating North America's largest natural gas provider and doubling its gas distribution business.
"When we look at our use of equity in a transaction like that ... that kind of lower return does not make much sense for us," Armstrong said at the Barclays CEO Energy-Power Conference in New York.