Williams Partners LP (FRA:WP8) Fixed Maturity Investment

Williams Partners LP is a publicly traded Delaware limited partnership formed by The Williams Companies, Inc. (Williams) in 2005. It is an energy infrastructure company. The Company is engaged in natural gas transportation; gathering, treating, and processing; storage; NGL fractionation; olefins production; and oil transportation. The operations of its businesses are located in North America. The Company's operations are divided into four business segments: Northeast G&P — this segment includes its natural gas gathering and processing and NGL fractionation businesses in the Marcellus and Utica shale regions, Atlantic-Gulf — this segment includes its interstate natural gas pipeline, Transco, and significant natural gas gathering and processing and crude oil production handling and transportation in the Gulf Coast region, West — this segment includes its natural gas gathering, processing and treating operations in New Mexico, Colorado, and Wyoming and its interstate natural gas pipeline, Northwest Pipeline, and NGL & Petchem Services — this segment includes its NGL and natural gas marketing business, an NGL fractionator and storage facilities near Conway, Kansas. The Company markets NGL products to a wide range of users in the energy and petrochemical industries. The NGL marketing business transports and markets its equity NGLs from the production at its processing plants, and also markets NGLs on behalf of third-party NGL producers, including some of our fee-based processing customers, and the NGL volumes owned by Discovery. The Company also market olefin products to a wide range of users in the energy and petrochemical industries. Its gathering and processing business competes with other midstream companies, interstate and intrastate pipelines, producers and independent gatherers and processors. The Company's operations are subject to federal environmental laws and regulations as well as the state, local, and tribal laws and regulations adopted by the jurisdictions in which they operate.