Williams Announces FERC Approval of Natural Gas Pipeline to Serve Electric Power Generating Facility in Maryland
March 19 2015 - 4:09PM
Business Wire
- Transco’s Rock Springs Expansion is
Among $4.8 Billion in Transmission Projects Williams Expects to
Place into Service through 2017
Williams (NYSE: WMB) announced today that the Federal Energy
Regulatory Commission (FERC) has approved Transco’s application to
expand its mainline pipeline system and construct an 11-mile
pipeline lateral connecting Transco to an electric power generating
facility in Cecil County, Md.
The Rock Springs expansion project is designed to transport
192,000 dekatherms of natural gas per day to Old Dominion Electric
Cooperative’s planned Wildcat Point Generation Facility. That
facility is expected to generate approximately 1,000 megawatts,
enough to power 390,000 homes in the region.
“The economic and environmental benefits of natural gas are
driving tremendous demand for natural gas to fire electric power
generating facilities like this,” said Frank Ferazzi, Vice
President & General Manager of Williams’ Transco pipeline. “The
Rock Springs expansion project is another in a long list of
projects designed to meet growing natural gas driven power
generation that Transco has completed over the past few years and
is among $4.8 billion in transmission projects we expect to place
into service through 2017 to meet power generation, industrial and
local distribution needs.”
Transco is the nation's largest and fastest-growing interstate
natural gas transmission pipeline system. It 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.
Transco is a wholly owned subsidiary of Williams Partners L.P.
(NYSE: WPZ), of which Williams owns controlling and general-partner
interests.
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
Williams Partners (NYSE:WPZ)
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