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Debt and Financing Arrangements
9 Months Ended
Sep. 30, 2012
Debt and Financing Arrangement [Abstract]  
DEBT AND FINANCING ARRANGEMENT
4. DEBT AND FINANCING ARRANGEMENT
 

Credit Facility

 

       In September 2012, WPZ amended its existing $2 billion senior unsecured revolving credit facility agreement to increase its aggregate commitments by $400 million. This facility was also amended to provide an additional $400 million increase to be available under certain conditions in the future.

              

Total letter of credit capacity available to WPZ under the $2.4 billion credit facility is $1.3 billion. At September 30, 2012, no letters of credit have been issued and no loans are outstanding under the credit facility. We may borrow up to $400 million under the credit facility to the extent not otherwise utilized by WPZ and Transcontinental Gas Pipe Line Company, LLC. At September 30, 2012, the full $400 million under the credit facility was available to us.