Williams Partners’ Transco Pipeline Seeks FERC Approval for Gateway Project to Serve Growing Northeastern Market
November 15 2017 - 4:30PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) announced today that
Transcontinental Gas Pipe Line Company, LLC (Transco) has filed an
application with the Federal Energy Regulatory Commission (FERC)
seeking authorization for its Gateway Expansion Project, designed
to create 65,000 dekatherms per day of firm transportation capacity
for northeastern markets in time for the 2020/2021 winter heating
season.
Transco has executed precedent agreements with PSEG Power, LLC
(PSEG) and UGI Energy Services, LLC for firm transportation service
under the project. Once complete, the project will help meet the
growing demand for natural gas by northeastern consumers in New
Jersey and New York.
PSEG supplies its affiliate Public Service Electric & Gas
Company, which is New Jersey's largest provider of electric and gas
service – serving 2.2 million electric customers and 1.8 million
gas customers. UGI Energy Services supplies and markets natural gas
and electricity to 40,000 customers across the Mid-Atlantic and
Northeastern U.S.
“An abundant, reliable supply of natural gas provides
northeastern consumers with affordable, clean energy critical to
helping reduce carbon emissions and growing the region’s economy,”
said Frank Ferazzi, senior vice president of Williams Partners’
Atlantic-Gulf operating area. “The Gateway Expansion Project will
help fuel the region’s growth, leveraging existing pipeline
infrastructure to meet our customers’ rising natural gas demand
with minimal environmental impacts.”
“This project is just the latest example of the continued demand
along the Transco system, driving ongoing expansion opportunities
and increasing the volumes that we move on our system,” said
Micheal Dunn, chief operating officer of Williams Partners’ general
partner. “Growth opportunities continue to emerge along Transco,
because of its irreplaceable position to deliver the low cost
reliable natural gas our customers demand.”
Subject to regulatory approval, the Gateway Expansion Project
will consist of adding electric horsepower at an existing Transco
compressor station in New Jersey, in addition to making
modifications to two existing Transco meter stations. Virtually all
of the project activities are proposed within Transco’s existing
rights of way and/or property boundaries.
The certificate application reflects an expected capital cost of
$84.6 million and a target in-service date of Nov. 1, 2020.
Transco delivers natural gas to customers through its
10,200-mile pipeline network, with a mainline extending nearly
1,800 miles between South Texas and New York City. The system is a
major provider of cost-effective natural gas services that reach
U.S. markets in 12 Southeast and Atlantic Seaboard states,
including major metropolitan areas in New York, New Jersey and
Pennsylvania.
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
including gathering, processing and interstate transportation of
natural gas and natural gas liquids. 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.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20171115006231/en/
Williams Partners L.P.Media Contact:Christopher Stockton,
713-215-2010orInvestor Contact:Brett Krieg, 918-573-4614
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