Williams Partners’ New York Bay Expansion Project Has Been Placed Into Service; Enables Increased Natural Gas Deliveries to...
October 09 2017 - 8:00AM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced that it has
placed into service an expansion of its Transco pipeline system to
increase natural gas delivery capacity to New York City by 115,000
dekatherms per day in time for the 2017/2018 heating season.
The New York Bay Expansion provides additional firm
transportation capacity for much-needed incremental natural gas
supplies to National Grid, the largest distributor of natural gas
in the northeastern U.S. The company provides service to 1.8
million customers in Brooklyn, Queens, Staten Island and Long
Island.
“As we have seen with the recent storms that have devastated
other states and neighboring regions, the security of energy supply
needs to be protected and enhanced. A secure and resilient supply
of natural gas is critical to the local New York City and Long
Island communities we serve,” said Ken Daly, President, National
Grid New York. “Williams’ New York Bay Expansion project will help
ensure safe, reliable and secure energy to meet our customers’
needs.”
The New York Bay Expansion Project included horsepower additions
at three existing Transco compressor facilities, in addition to
modifications to existing meter and regulator stations in New
Jersey, Pennsylvania and New York.
“Our Transco pipeline has a long history of providing New York
City with safe, reliable natural gas service,” said Micheal Dunn,
Williams’ executive vice president and chief operating officer.
“Our New York Bay Expansion project continues that long-standing
commitment, providing additional supplies of affordable natural gas
to support the region’s economic vitality and ensure a reliable
energy supply to the New York City area.”
The New York Bay Expansion is the fourth of Williams Partners’
projected five fully-contracted Transco expansion projects to be
placed into service this year, combining with Gulf Trace, Hillabee
Phase 1 and the Dalton Expansion to add more than 2.5 million
dekatherms per day capacity to the Transco pipeline system so far
in 2017. The partnership continues to target a fourth-quarter 2017
in-service date for its fifth Transco expansion this year - the
Virginia Southside II project.
Transco, the nation’s largest-volume and fastest-growing
interstate natural gas pipeline system, has reliably served New
York City for more than 60 years and currently delivers about half
of all of the natural gas consumed in the city. A wholly owned
subsidiary of Williams Partners L.P., Transco delivers natural gas
to customers through its 10,000-mile pipeline network whose
mainline extends 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.
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/20171009005163/en/
Williams Partners L.P.Media Contact:Christopher Stockton,
713-562-2939orInvestor Contact:Brett Krieg, 918-573-4614
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