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Article: A piping hot career.(head of Transco Energy Co.)(Brief Article)
- Article from:
- Black Enterprise
- Article date:
- June 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cuba Wadlington Jr. is striking up deals in the natural-gas industry
When the Williams Group decided to spend $3 billion to buy Houston-based Transco Energy Co. in May 1995 and pump an additional $1 billion into the faltering company, it tapped Cuba Wadlington Jr. to head up the newly acquired natural-gas pipeline firm. At the time, Transco, with 10,500 miles of natural-gas pipelines, was in financial trouble. A number of its customers were dissatisfied with the company's inability to expand and offer more reliable service.
Wadlington had been with Williams in a number of capacities before taking on the challenge of turning Transco around and building it ...