Williams Receives FERC Approval for Gateway Expansion Project
December 13 2018 - 7:14PM
Dow Jones News
By Stephen Nakrosis
Williams Cos. (WMB) on Thursday said the Federal Energy
Regulatory Commission approved an expansion of the existing Transco
natural gas pipeline to serve markets in the northeastern U.S.
The company said they expect to begin construction on the
Gateway Expansion Project in the spring of next year, and have
targeted an in-service date of Nov. 1, 2020.
"The Gateway project helps meet growing natural gas demand by
consumers in New Jersey and New York in time for the 2020/2021
winter heating season, providing additional natural gas service to
PSEG Power LLC and UGI Energy Services LLC," the company said.
PSEG, through its affiliate Public Service Electric & Gas
Co., serves 2.2 million electric customers and 1.8 million gas
customers in New Jersey. UGI supplies and markets natural gas and
electricity to 40,000 customers across the Mid-Atlantic and
Northeastern U.S.
Williams owns and operates more than 33,000 miles of pipelines
system wide.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 13, 2018 18:59 ET (23:59 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Sep 2023 to Sep 2024
