Williams Partners’ Transco Pipeline Seeks FERC Approval for Northeast Supply Enhancement Project to Serve Growing Demand fo...
March 27 2017 - 8:00AM
Business Wire
Williams Partners L.P. (NYSE:WPZ) announced today that Transco
has filed an application with the Federal Energy Regulatory
Commission (FERC) seeking authorization for its Northeast Supply
Enhancement project, which would create 400,000 dekatherms per day
of incremental firm transportation capacity to markets in the
northeastern United States for the 2019/2020 winter heating
season.
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 74 percent.
Transco has executed precedent agreements with subsidiaries of
National Grid – the largest distributor of natural gas in the
northeastern U.S. – for firm transportation service under the
project. Once complete, the project will help meet the growing
natural gas demand in the Northeast, including the 1.8 million
customers served by National Grid in Brooklyn, Queens, Staten
Island and Long Island.
“Customers and businesses in the local communities that we serve
in New York City and on Long Island benefit from affordable, clean
and reliable energy,” said Ken Daly, President, National Grid New
York. “Williams’ Northeast Supply Enhancement project expands on
our commitment to further improve reliability, make available
much-needed gas capacity to support job growth, and help reduce our
carbon footprint. This project complements the existing Brooklyn
Queens Interconnect/Rockaway Lateral Project, which was completed
last spring, and was the first new gas supply delivery point in
decades for National Grid customers in this region.”
New York’s appetite for natural gas is increasing as consumers
continue to phase out the use of heavy fuel oils. In April 2015,
New York City Mayor Bill de Blasio announced sweeping goals to curb
city emissions 80 percent by 2050, which includes phasing out the
use of No. 4 fuel oil by 2030. The Northeast Supply Enhancement
project creates the energy infrastructure to provide access to
important natural gas supply to help New York meet its clean air
goals.
“As demand for natural gas increases, the importance of the
associated energy infrastructure becomes even more critical,” said
Rory Miller, senior vice president of Williams Partners’
Atlantic-Gulf operating area. “The Northeast Supply Enhancement
project will add critical infrastructure necessary to meet the
region’s growing demand for natural gas while helping reduce air
emissions.”
Subject to approval by the Federal Energy Regulatory Commission,
the Northeast Supply Enhancement project will consist of
approximately 10 miles of 42-inch pipeline looping facilities,
three miles of onshore 26-inch looping facilities, 23 miles of
offshore 26-inch looping facilities, the addition of 21,902
horsepower at an existing compressor station; a new 32,000
horsepower compressor station; and related appurtenant
facilities.
The certificate application reflects an expected capital cost of
$926.5 million and a target in-service date of Dec. 1, 2019.
Consistent with Williams’ practice for financial planning, the
capital cost and in-service target are further risked to $1.01
billion and May 2020.
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 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.
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/20170327005483/en/
For Williams Partners L.P.MEDIA:Christopher Stockton,
713-215-2010orINVESTORS:John Porter, 918-573-0797orBrett
Krieg, 918-573-4614
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