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Debt and Financing Arrangements (Notes)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Debt and Financing Arrangements
DEBT AND FINANCING ARRANGEMENTS.
Credit Facility.
We along with WPZ and Northwest Pipeline LLC (Northwest) are co-borrowers under a $2.5 billion credit facility. Total letter of credit capacity available to WPZ under the $2.5 billion credit facility is $1.3 billion. We may borrow up to $500 million under the credit facility to the extent not otherwise utilized by WPZ and Northwest. At September 30, 2014, no letters of credit have been issued and no loans are outstanding under our credit facility.
WPZ participates in a commercial paper program and WPZ management considers amounts outstanding under this program to be a reduction of available capacity under the credit facility. The program allows a maximum outstanding amount at any time of $2 billion of unsecured commercial paper notes. At September 30, 2014, WPZ had $265 million in outstanding commercial paper.