Williams’ Transco Completes Virginia Southside Expansion
September 01 2015 - 4:05PM
Business Wire
Williams (NYSE: WMB) today announced it has placed into service
a major expansion of its Transco natural gas pipeline to fuel new
electric-power generation in Virginia and serve increasing local
distribution demand in North Carolina. Transco is the nation’s
largest-volume and fastest-growing interstate natural gas pipeline
system with enough transportation capacity to serve the equivalent
of more than 50 million households each day in North America.
The approximately $300 million Virginia Southside Expansion is
providing 270,000 dekatherms per day (dth/d) of incremental
transportation capacity, which is enough gas to serve the
equivalent of 1.6 million households. The expansion consists of
approximately 100 miles of new, 24-inch diameter pipeline extending
from the Transco mainline in Pittsylvania County, Va., and into
Halifax, Charlotte, Mecklenburg, and terminating in Brunswick
County, Va. Transco placed the majority of the pipe parallel to its
own existing pipeline, alongside an existing utility corridor. In
addition, Transco added more than 21,000 horsepower of compression
at Station 165 in Pittsylvania County, Va.
“From New York City to the Gulf Coast, we are executing on
unprecedented growth on our Transco system as customers continue to
seek opportunities to connect to long-lived U.S. natural gas
reserves,” said Rory Miller, senior vice president of Williams
Partners’ Atlantic-Gulf operating area. “As we work to connect the
best supplies to the best markets, we are sharply focused on
bringing these large-scale projects into service on time and on
budget. These key expansions to our already premier infrastructure
base are driving significant growth in our fee-based revenues and
creating shareholder value.”
The Virginia Southside Expansion is part of $4.8 billion in
Transco growth projects that Williams has previously announced it
plans to bring into service between 2015 and 2017. Williams is
executing on 15 projects in 10 eastern states to serve growing
demand for natural gas to serve power generation, industrial and
local distribution customers. Once complete, these projects will
increase Transco’s system capacity by more than 57 percent.
Other major Transco projects Williams has placed into service
this year include the Rockaway Delivery Lateral, the Northeast
Connector, Mobile Bay South III Expansion and the Woodbridge
Delivery Lateral. Later this year, Williams expects to place into
full service Transco’s Leidy Southeast expansion.
Since 2003, Williams has invested nearly $2.4 billion to
complete 21 expansion projects that have increased Transco’s
transportation capacity by 52 percent to its current capacity of
approximately 11.7 million dth/d. Transco is a wholly owned
subsidiary of Williams Partners L.P. (NYSE: WPZ), of which Williams
owns 60 percent, including the general-partner interest. 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 connecting 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 all of the
2 percent 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, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150901006528/en/
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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