Williams Partners’ Atlantic Sunrise Receives Broad Support from across Pennsylvania
May 11 2017 - 11:26AM
Business Wire
- Critical energy infrastructure will
support 8,000 jobs, $1.6 billion economic impact in project
area
- Project connects clean-burning,
cost-effective Pennsylvania natural gas supply with East Coast
markets
- Over 3000 Pennsylvanians sign petition
urging Governor Wolf to swiftly approve project
Citizens, community, labor and business leaders from across
Pennsylvania are expressing support for Williams Partners’ (NYSE:
WPZ) Atlantic Sunrise expansion – a nearly $3 billion energy
infrastructure investment in the continued growth and development
of the state’s economy and thousands of jobs for workers.
“Williams’ Atlantic Sunrise project addresses this critical
need, allowing us to capitalize on this once-in-a-generation
opportunity,” said Pennsylvania Chamber of Business & Industry
President Gene Barr. “While the components are there for
sustainable economic growth and prosperity, the lack of energy
infrastructure to move this clean-burning, low-cost commodity to
markets hinders immediate job growth and economic opportunity in
our state. The time to build this project is now.”
After receiving a Certificate of Public Convenience and
Necessity from the Federal Energy Regulatory Commission (FERC) in
February 2017, Atlantic Sunrise can begin delivering benefits to
Pennsylvania once the last remaining state permits necessary to
begin construction are secured. Construction on the Central Penn
Line (the greenfield portion of the project) is targeted to begin
in the 3rd Quarter of 2017, which would allow the full project
capacity to be placed into service in mid-2018.
“Pennsylvania is poised, perhaps unlike at any other time in
recent memory, to benefit in every way — new jobs, better wages,
reduced energy costs, increased tax revenue and economic prosperity
for generations to come,” said Pennsylvania Chemical Industry
Council President Jeff Logan. “After nearly three years of
intense regulatory scrutiny, it is time for our own state
government to complete its review of this important infrastructure
project so that Pennsylvanians can immediately benefit from the
economic growth and jobs it promises to deliver. This includes the
chemical industry which supports more than 90,000 direct and
related jobs in the Commonwealth.”
In 2015 Pennsylvania State University researchers forecast the
Atlantic Sunrise project to directly and indirectly support
approximately 8,000 jobs in the 10 Pennsylvania counties during the
project’s construction phase, resulting in an estimated $1.6
billion economic impact in the project area.
“Growth in the energy industry can create steady, reliable
careers for millions of men and women in our country and in this
state,” said Dave Horn, LECET Representative, Mid-Atlantic LIUNA.
“More specifically, pipeline work is a life line for good union
jobs with family-supporting pay resulting in millions of dollars
being reinvested back into the community and local businesses. We
work on these projects; we have seen first-hand the economic
benefits.”
Recently, a petition signed by more than 3,000 supporters was
delivered to Pennsylvania Governor Tom Wolf requesting swift state
regulatory approval of the project. In addition, more than 1,200
people and organizations submitted supportive comments to FERC
during the public comment period.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Okla., Williams owns approximately 74 percent of Williams
Partners L.P. (NYSE: WPZ). Williams Partners is an
industry-leading, large-cap master limited partnership with
operations across the natural gas value chain from gathering,
processing and interstate transportation of natural gas and natural
gas liquids to petchem production of ethylene, propylene and other
olefins. With major positions in top U.S. supply basins, Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
www.williams.com
About Williams Partners
Williams Partners is an industry-leading,
large-cap natural gas infrastructure master limited partnership
with a strong growth outlook and major positions in key U.S. supply
basins. Williams Partners has operations across the natural gas
value chain from gathering, processing and interstate
transportation of natural gas and natural gas liquids to petchem
production of ethylene, propylene and other olefins. Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
Tulsa, Okla.-based Williams (NYSE:WMB), a premier provider of
large-scale U.S. natural gas infrastructure, owns approximately 74
percent of Williams Partners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170511005931/en/
Williams PartnersMedia Contact:Chris Stockton,
713-215-2010orInvestor Contacts:John Porter, 918-573-0797orBrett
Krieg, 918-573-4614
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Apr 2023 to Apr 2024