WMB » Topics » Acts of terrorism could have a material adverse effect on our financial condition, results of operations and cash flows.

These excerpts taken from the WMB 10-K filed Feb 25, 2009.
Acts of terrorism could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Our assets and the assets of our customers and others may be targets of terrorist activities that could disrupt our business or cause significant harm to our operations, such as full or partial disruption to our ability to produce, process, transport or distribute natural gas, natural gas liquids or other commodities. Acts of terrorism as well as events occurring in response to or in connection with acts of terrorism could cause environmental repercussions that could result in a significant decrease in revenues or significant reconstruction or remediation costs, which could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Item 1B.   Unresolved Staff Comments
 
None.
 
Item 2.   Properties
 
We own property in 31 states plus the District of Columbia in the United States and in Argentina, Canada and Venezuela.
 
Gas Marketing’s primary assets are its term contracts, related systems and technological support. In our Gas Pipeline and Midstream segments, we generally own our facilities, although a substantial portion of our pipeline and gathering facilities is constructed and maintained pursuant to rights-of-way, easements, permits, licenses or consents on and across properties owned by others. In our Exploration & Production segment, the majority of our ownership interest in exploration and production properties is held as working interests in oil and gas leaseholds.
 
Item 3.   Legal Proceedings
 
The information called for by this item is provided in Note 16 of the Notes to Consolidated Financial Statements of this report, which information is incorporated by reference into this item.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None.
 
Acts
of terrorism could have a material adverse effect on our
financial condition, results of operations and cash
flows.



 



Our assets and the assets of our customers and others may be
targets of terrorist activities that could disrupt our business
or cause significant harm to our operations, such as full or
partial disruption to our ability to produce, process, transport
or distribute natural gas, natural gas liquids or other
commodities. Acts of terrorism as well as events occurring in
response to or in connection with acts of terrorism could cause
environmental repercussions that could result in a significant
decrease in revenues or significant reconstruction or
remediation costs, which could have a material adverse effect on
our financial condition, results of operations and cash flows.


 















Item 1B.  

Unresolved
Staff Comments



 



None.


 















Item 2.  

Properties


 



We own property in 31 states plus the District of Columbia
in the United States and in Argentina, Canada and Venezuela.


 



Gas Marketing’s primary assets are its term contracts,
related systems and technological support. In our Gas Pipeline
and Midstream segments, we generally own our facilities,
although a substantial portion of our pipeline and gathering
facilities is constructed and maintained pursuant to
rights-of-way, easements, permits, licenses or consents on and
across properties owned by others. In our
Exploration & Production segment, the majority of our
ownership interest in exploration and production properties is
held as working interests in oil and gas leaseholds.


 















Item 3.  

Legal
Proceedings



 



The information called for by this item is provided in
Note 16 of the Notes to Consolidated Financial Statements
of this report, which information is incorporated by reference
into this item.


 















Item 4.  

Submission
of Matters to a Vote of Security Holders



 



None.


 




Acts of terrorism could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Our assets and the assets of our customers and others may be targets of terrorist activities that could disrupt our business or cause significant harm to our operations, such as full or partial disruption to our ability to produce, process, transport or distribute natural gas, natural gas liquids or other commodities. Acts of terrorism as well as events occurring in response to or in connection with acts of terrorism could cause environmental repercussions that could result in a significant decrease in revenues or significant reconstruction or remediation costs, which could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Item 1B.   Unresolved Staff Comments
 
None.
 
Item 2.   Properties
 
We own property in 30 states plus the District of Columbia in the United States and in Argentina, Canada and Venezuela.
 
Gas Marketing’s primary assets are its term contracts, related systems and technological support. In our Gas Pipeline and Midstream segments, we generally own our facilities, although a substantial portion of our pipeline and gathering facilities is constructed and maintained pursuant to rights-of-way, easements, permits, licenses or


29


Table of Contents

consents on and across properties owned by others. In our Exploration & Production segment, the majority of our ownership interest in exploration and production properties is held as working interests in oil and gas leaseholds.
 
Item 3.   Legal Proceedings
 
The information called for by this item is provided in Note 15 of the Notes to Consolidated Financial Statements of this report, which information is incorporated by reference into this item.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None.
 
Acts
of terrorism could have a material adverse effect on our
financial condition, results of operations and cash
flows.



 



Our assets and the assets of our customers and others may be
targets of terrorist activities that could disrupt our business
or cause significant harm to our operations, such as full or
partial disruption to our ability to produce, process, transport
or distribute natural gas, natural gas liquids or other
commodities. Acts of terrorism as well as events occurring in
response to or in connection with acts of terrorism could cause
environmental repercussions that could result in a significant
decrease in revenues or significant reconstruction or
remediation costs, which could have a material adverse effect on
our financial condition, results of operations and cash flows.


 















Item 1B.  

Unresolved
Staff Comments



 



None.


 















Item 2.  

Properties


 



We own property in 30 states plus the District of Columbia
in the United States and in Argentina, Canada and Venezuela.


 



Gas Marketing’s primary assets are its term contracts,
related systems and technological support. In our Gas Pipeline
and Midstream segments, we generally own our facilities,
although a substantial portion of our pipeline and gathering
facilities is constructed and maintained pursuant to
rights-of-way, easements, permits, licenses or





29





Table of Contents






consents on and across properties owned by others. In our
Exploration & Production segment, the majority of our
ownership interest in exploration and production properties is
held as working interests in oil and gas leaseholds.


 















Item 3.  

Legal
Proceedings



 



The information called for by this item is provided in
Note 15 of the Notes to Consolidated Financial Statements
of this report, which information is incorporated by reference
into this item.


 















Item 4.  

Submission
of Matters to a Vote of Security Holders



 



None.


 




Acts of terrorism could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Our assets and the assets of our customers and others may be targets of terrorist activities that could disrupt our business or cause significant harm to our operations, such as full or partial disruption to our ability to generate, produce, process, transmit, transport or distribute electricity, natural gas or natural gas liquids. Acts of terrorism as well as events occurring in response to or in connection with acts of terrorism could cause environmental repercussions that could result in a significant decrease in revenues or significant reconstruction or remediation costs, which could have a material adverse effect on our financial condition, results of operations and cash flows.
 
Item 1B.   Unresolved Staff Comments
 
None.
 
Item 2.   Properties
 
We own property in 32 states plus the District of Columbia in the United States and in Argentina, Canada and Venezuela.
 
Power’s primary assets are its term contracts, related systems and technological support. In addition, affiliates of Power own the Hazelton and Milagro generating facilities described above. In our Gas Pipeline and Midstream segments, we generally own our facilities, although a substantial portion of our pipeline and gathering facilities is constructed and maintained pursuant to rights-of-way, easements, permits, licenses or consents on and across properties owned by others. In our Exploration & Production segment, the majority of our ownership interest in exploration and production properties is held as working interests in oil and gas leaseholds.


31


Table of Contents

 
Item 3.   Legal Proceedings
 
The information called for by this item is provided in Note 15 of the Notes to Consolidated Financial Statements of this report, which information is incorporated by reference into this item.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki