June 2015, Vol. 242, No. 6


Williams Cos. Have Caught the Growth Train and Dont Want to Get Off

When Michael Grande was cutting his teeth as an energy analyst at Standard & Poor’s Ratings Services, he thought the Tulsa, OK-based Williams Cos. Inc. a takeover target as its credit ratings were languishing below investment grade. That was 2007, though. Today, Grande, now director of S&P’s utilities and infrastructure group, has a different take on the company after watching it closely the past eight years. It was a different Williams he and other analysts were talking about last year when the midstream behemoth was gobbling up Access Midstream Partners LP in a $6 billion phased acquisition. Some in the industry called it a “monster deal,” and officials i

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