Subsequent Events (Notes)

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 19 – Subsequent Events

Commercial Paper Outstanding Balance

As of February 25, 2014, $900 million is outstanding under WPZ’s commercial paper program.

Canada Dropdown

In February 2014, we agreed to contribute certain Canadian operations to WPZ for total consideration valued at approximately $1.2 billion. The transaction is expected to close in February 2014. Upon closing we expect to receive $25 million of cash, 25,577,521 Class D limited-partner units, and an increase in our general partner capital account that will allow us to maintain our 2 percent general partner interest. In lieu of cash distributions, the Class D units will receive quarterly distributions of additional paid-in-kind Class D units, all of which will be convertible to common units at a future date. The agreement also provides that WPZ can issue additional Class D units to us on a quarterly basis through 2015 for up to a total of $200 million in cash for the purpose of funding certain facility expansions.