Several pipeline companies have responded to the ruling.
Alan Armstrong, Williams’ President and Chief Executive Officer, made the following statement: “Given the relatively small percentage of our revenues that are affected by this ruling, we don’t expect this ruling to impact our previous guidance for WMB and WPZ cash dividends and distributions and related growth rates. Additionally, as we’ve often discussed, we are well-positioned to execute on corporate structure changes, which would restore the income tax allowance to the pipeline’s cost of service rates.”
