Williams Seeks FERC Approval for Atlantic Sunrise Pipeline Expansion to Serve Growing Demand for Natural Gas in Mid-Atlantic ...
March 31 2015 - 9:43AM
Business Wire
Williams (NYSE: WMB) announced today that Transco has filed an
application with the Federal Energy Regulatory Commission (FERC)
seeking authorization for its Atlantic Sunrise expansion project,
which would transport about 1.7 billion cubic feet of natural gas
per day to markets in the Mid-Atlantic and Southeastern U.S.
Transco, the nation’s largest-volume and fastest-growing
interstate natural gas pipeline system, is a wholly owned
subsidiary of Williams Partners L.P. (NYSE: WPZ), of which Williams
owns approximately 60 percent, including the general-partner
interest.
“Atlantic Sunrise is a vital piece of North American energy
infrastructure needed to transport low-cost, abundant supplies of
natural gas from the Marcellus producing region in Pennsylvania to
hungry markets along the Atlantic Seaboard,” said Rory Miller,
senior vice president of Williams Partners’ Atlantic-Gulf operating
area. “Shippers have signed long-term commitments for the
expansion’s entire capacity, which represents enough natural gas to
serve approximately 7 million homes.”
Williams expects to place Atlantic Sunrise into service in the
second half of 2017 as part of $4.8 billion in transmission
projects planned to come online through 2017. Atlantic Sunrise adds
to the list of Transco’s continued growth opportunities to connect
increasing supplies of domestic natural gas with strong demand
centers on the Eastern Seaboard from New York City to the far
Southeast.
The project consists of compression and looping of the Transco
Leidy line in Pennsylvania and various locations along its mainline
between Pennsylvania and South Carolina in addition to a greenfield
pipeline segment, referred to as the Central Penn Line, connecting
the northeastern Marcellus producing region to the Transco mainline
near Station 195 in southeastern Pennsylvania. The greenfield
segment will be jointly owned by Transco and a third party.
Williams Partners’ net investment in the Atlantic Sunrise
project is expected to be approximately $2.1 billion.
Transco delivers natural gas to customers through its
10,200-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, including
major metropolitan areas in New York, New Jersey and
Pennsylvania.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure to connect North American natural gas and natural
gas products to growing demand for cleaner fuel and feedstocks.
Headquartered in Tulsa, Okla., Williams owns approximately 60
percent of Williams Partners L.P. (NYSE: WPZ), including the
general-partner interest. 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 and also in Canada, 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, home heating and industrial use. Williams Partners’
operations touch 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 reports filed with the Securities and Exchange
Commission.
WilliamsMedia Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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