On Thursday, Shares of Xcel Energy Inc (NYSE:XEL), SUBTRACT -2.27% and closed at $38.68 in the last trading session. The last trading range of the stock ranges between $38.00 and $39.42. Xcel Energy Inc. (XEL) declared recently that it has presented a redemption notice to the trustee to redeem all of its outstanding 5.613% Senior Notes, Series B due 2017 (Notes) on December 19, 2016 (Redemption Date). The redemption price is equal to the greater of the outstanding principal amount of the Notes and a make-whole premium, which will be calculated three business days before the Redemption Date in accordance with the terms of the Notes and related indenture, plus accrued and unpaid interest to the Redemption Date. The aggregate principal amount of Notes presently outstanding is $253,979,000. The company anticipates to issue new debt to fund the redemption of the Notes.
This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption to be delivered to the registered holders of the Notes by Wells Fargo Bank, N.A., the trustee with respect to the Notes.
Williams Companies Inc (NYSE:WMB), DROPPED -0.26% and closed at $30.64 in the last trading session. The last trading range of the stock ranges between $30.35 and $31.18. The company’s Market capitalization is $23.68 Billion with the total Outstanding Shares of 750.84 Million. Williams Partners L.P. (WPZ) recently declared it has accomplished the execution of a new gas gathering agreement with Total’s U.S. associates (“Total”), the successor to Chesapeake Energy’s (CHK) properties in the Barnett Shale.
The Barnett agreement with Total follows a formerly declared agreement with Chesapeake Energy that provides accelerated upfront cash payments to Williams Partners totaling $754 million ($334 million from Chesapeake and $420 million from Total), in addition to new terms and conditions under which Williams Partners will provide gas gathering services to Total through 2029.
The closing of the new agreement with Total also marks the official termination of Williams Partners’ Barnett Shale gas gathering agreement with Chesapeake Energy. It is expected that Williams Partners’ existing gathering agreement, counting MVC obligations with Total, will remain unchanged through mid-2019.