Williams Receives FERC Approval to Place Atlantic Sunrise Project into Full Service; Plans to Place Project into Service Oct. 6
October 04 2018 - 12:00PM
Business Wire
Williams (NYSE: WMB) today reported that the Federal Energy
Regulatory Commission (FERC) has approved the Company’s request to
place its Atlantic Sunrise project into full service. The Company
plans to place the project into full service on Oct. 6, 2018.
Backed by long-term shipper commitments, the historic project
increases the design capacity of the Transco pipeline, the
largest-volume natural gas pipeline system in the United States, by
1.7 billion cubic feet per day (approximately 12 percent) to 15.8
billion cubic feet per day. In the process, the project further
strengthens and extends the bi-directional flow of the Transco
system, directly connecting Marcellus gas supplies with markets as
far south as Alabama.
“This project makes the largest-volume pipeline system in the
country even larger, further executing on our strategy to connect
premier natural gas supply areas with the best markets in the
country,” said Alan Armstrong, Williams president and chief
executive officer. “The project is significant for Pennsylvania and
natural gas-consuming markets all along the East Coast, alleviating
infrastructure bottlenecks and providing millions of consumers
direct access to one of the most abundant, cost-effective natural
gas supply sources in the country.”
Williams Chief Operating Officer Micheal Dunn added, “I’m proud
of our project team for their focus and carefully executing this
complex project in a safe and environmentally responsible manner.
Their efforts have truly distinguished this project, positively
collaborating with regulators, key stakeholders and communities to
overcome challenges and install this critical infrastructure
thoughtfully without experiencing any significant injuries or
environmental issues. Even in the final months of construction, as
some segments of the project area sustained more than 20 inches of
rainfall, our teams acted quickly to restore the right-of-way and
ensure environmental compliance requirements were met.”
Greenfield construction on the Pennsylvania portion of the
project began in September 2017. The project featured the
installation of 186 miles of greenfield pipe, 12 miles of pipe
looping, 2.5 miles of pipe replacement, two new compressor stations
and compressor station modifications in five states.
Gene Barr, president and CEO of the Pennsylvania Chamber of
Business and Industry, said, “Projects like Atlantic Sunrise are
allowing Pennsylvania to maximize the tremendous economic and
energy benefits of the Marcellus Shale, spurring renewed investment
into the manufacturing sector and creating opportunity for
Pennsylvanians across the state. This multi-billion dollar private
infrastructure investment is supporting current and future natural
gas production and investment in Pennsylvania, which will
ultimately boost employment and tax revenues for the state.
Atlantic Sunrise has been a tremendous economic boom that will no
doubt yield benefits, both economic and environmental, for the
commonwealth for decades to come.”
Throughout the permitting and construction process, Williams
worked closely with permitting agencies to minimize environmental
and stakeholder impacts, making modifications to more than half of
the original pipeline route. In addition, Williams worked with
local stakeholders to provide an additional $2.5 million for
environmental conservation projects located within the project
area.
The greenfield segment of the Atlantic Sunrise project, known as
the Central Penn Line, is jointly owned by Transco and Meade
Pipeline Co LLC (Meade). Meade is owned by WGL Midstream, Cabot Oil
and Gas and EIF Vega Midstream.
Transco delivers natural gas to customers through its more than
10,000-mile pipeline network with a mainline extending 1,800 miles
from South Texas to 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
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 is an industry-leading, investment grade
C-Corp with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams owns and operates more than 33,000
miles of pipelines system wide – including Transco, the nation’s
largest volume and fastest growing pipeline – providing natural gas
for clean-power generation, heating and industrial use. Williams’
operations handle approximately 30 percent of U.S. natural gas.
www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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WilliamsMedia Contact:Christopher Stockton,
713-215-2010orInvestor Contacts:John Porter,
918-573-0797orPaul Schroedter, 918-573-9673
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