Williams Partners Announces FERC Approval of Transco’s Garden State Expansion; Provides Update on Other Interstate Pipeline...
April 14 2016 - 8:00AM
Business Wire
Williams Partners L.P. (NYSE: WPZ) announced today that the
Federal Energy Regulatory Commission (FERC) has approved an
application for Transco’s Garden State Expansion Project, a fully
contracted expansion project to deliver 180,000 dekatherms a day of
additional natural gas capacity for local distribution to thousands
of customers in New Jersey.
The Garden State Expansion Project consists of additional
compression to provide firm natural gas transportation service and
increased reliability to New Jersey Natural Gas, which serves more
than half a million customers in New Jersey’s Monmouth, Ocean and
parts of Morris, Middlesex, Sussex and Burlington counties.
The project will provide firm transportation from Transco’s Zone
6 Station 210 Pooling Point in Mercer County, N.J. to a new
interconnection on its Trenton Woodbury Lateral in Burlington
County, N.J. Williams Partners will coordinate with New Jersey
Natural Gas on construction dates and other activities.
“We look forward to continuing to provide New Jersey with
reliable natural gas service to help meet the state’s energy
needs,” said Rory Miller, senior vice president of Williams
Partners’ Atlantic-Gulf operating area. “In addition to Garden
State, we are pursuing a host of other projects throughout the
eastern U.S. designed to serve the tremendous, long-term growth in
demand for clean-burning natural gas from local distribution
companies, industrial and power generation customers. We expect our
Transco system to deliver more than 17 Bcf per day by the end of
2017, which is double its 2010 capacity.”
The Garden State project is part of Williams Partners’ 2016
growth capital funding plan that includes $1.3 billion for Transco
expansions and other interstate pipeline growth projects. Fully
contracted Transco projects that are part of that plan and
currently under construction or in regulatory review include:
- Rock Springs - Construction is
nearing completion on this 11.2 mile pipeline lateral to transport
192,000 dekatherms of natural gas per day to Old Dominion Electric
Cooperative’s planned 1,000-megawatt electric power generating
facility in Cecil County, Maryland. Williams Partners plans to
place the project into service during the third quarter of
2016.
- Gulf Trace - Construction is
underway in Louisiana on this 1.2 million dekatherm per day
expansion to serve the Cheniere Energy Partners, L.P. Sabine Pass
Liquefaction project being developed in Cameron Parish, Louisiana.
Williams Partners plans to place the project into service during
the first quarter of 2017.
- Hillabee Expansion Project –
Construction is expected to begin in May 2016 on the first phase of
this multi-phase project to add a total of approximately 1.13
million dekatherms per day of capacity to the Transco system to
serve Florida. Service for the first phase is expected by the
second quarter of 2017.
- New York Bay Expansion – FERC
this month issued its Environmental Assessment for this project
designed to deliver an additional 115,000 dekatherms per day of
natural gas into National Grid’s distribution system through the
Rockaway Delivery Lateral and the Narrows meter station. Williams
Partners plans to place the project into service during the fourth
quarter of 2017.
- Dalton Expansion Project – FERC
this month issued its Environmental Assessment to expand by 448,000
dekatherms per day Transco’s mainline from its Station 210 in New
Jersey to points as far south as Holmesville, Miss., and add a
111-mile lateral pipeline from Transco’s Station 115 to Murray
County, Ga. Williams Partners plans to place the project into
service in 2017.
- Virginia Southside II Expansion
– In March 2015, Williams Partners filed an application with
the FERC for this project to provide 250,000 dekatherms per day of
firm transportation capacity to a delivery point on a new lateral
off Transco’s Brunswick Lateral in Virginia. Williams Partners
plans to place the project into service during the fourth quarter
of 2017.
- Atlantic Sunrise – In March
2015, Williams Partners filed an application with FERC seeking
authorization for its Atlantic Sunrise expansion project, which
would transport about 1.7 million dekatherms per day from the
northeastern Marcellus producing area to markets in the
Mid-Atlantic and Southeastern U.S. Williams Partners plans to place
the project into service during the second half of 2017.
Transco, a wholly owned subsidiary of Williams Partners, 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.
About Williams Partners
Williams Partners (NYSE: WPZ) 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 and
also in Canada. 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 North American natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
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. 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 partnership’s
annual reports filed with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160414005458/en/
Williams Partners L.P.Media Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
Williams Partners (NYSE:WPZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Williams Partners (NYSE:WPZ)
Historical Stock Chart
From Apr 2023 to Apr 2024