Williams’ Transco Seeks FERC Approval for Pipeline Expansion to Serve New York City by Winter 2017
July 08 2015 - 3:30PM
Business Wire
- New York Bay Expansion Another in
Williams’ Series of Fully Subscribed, Demand-Driven Projects
Connecting North America’s Best Natural Gas Supplies to Best
Markets
Williams (NYSE: WMB) announced today that Transco has filed an
application with the Federal Energy Regulatory Commission for its
New York Bay Expansion Project to deliver additional natural gas to
New York City in time for the 2017/2018 heating season.
Earlier this year, Williams’ Transco placed into service two
other major New York City natural gas pipeline projects, the
Rockaway Delivery Lateral and the Northeast Connector. These
facilities are providing significant additional supply to the 1.8
million customers served by National Grid in Brooklyn, Queens,
Staten Island and Long Island.
The New York Bay Expansion is designed to deliver an additional
115,000 dekatherms a day of natural gas into National Grid’s
distribution system through the Rockaway Delivery Lateral and the
Narrows meter station. That’s enough gas to meet the needs of
500,000 homes and will supply National Grid’s immediate and growing
needs for the 2017/2018 winter.
“A reliable and resilient supply of energy is critical to the
local New York and Long Island communities we serve,” said Ken
Daly, President, National Grid New York. “Williams’ New York Bay
Expansion project will help ensure affordable, cleaner, safe,
reliable, secure and stable energy to meet our customers’ needs and
support the region’s economic vitality.”
The New York Bay Expansion Project, which is estimated to cost
as much as $130 million, will include installation of additional
horsepower at three existing Transco compressor facilities, in
addition to uprating Transco’s existing Lower New York Bay lateral
and replacing approximately 0.25 miles of 42-inch pipe in Middlesex
County, New Jersey. The project will also include modifications to
existing Transco meter and regulator stations in Middlesex County,
New Jersey, Chester County, Pennsylvania and Richmond County, New
York. The work is confined to existing company property or rights
of ways.
“Demand for natural gas in New York City and other major markets
continues to grow as customers recognize its value as a clean,
affordable and abundant energy source,” said Rory Miller, senior
vice president of Williams Partners’ Atlantic-Gulf operating area.
“Our extensive footprint in North America gives Williams a
strategic advantage to leverage across existing infrastructure to
meet emerging needs. Whether it’s incremental growth like the New
York Bay Expansion or large-scale organic projects, our focus as a
premier natural gas infrastructure provider is connecting the best
supplies with high-value markets.”
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 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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WilliamsMedia Contact:Christopher Stockton,
713-215-2010orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
Williams Partners (NYSE:WPZ)
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