Williams Announces FERC Approval of Transco Project to Serve Growing Demand for Natural Gas in Northeastern U.S.
14 August 2018 - 6:30AM
Business Wire
Williams (NYSE: WMB) announced today that the Federal Energy
Regulatory Commission (FERC) has issued a certificate of public
convenience and necessity authorizing the Rivervale South to Market
project – an expansion of the existing Transco natural gas pipeline
to meet the growing heating and power generation demand for
northeastern consumers.
The Rivervale South to Market project will create 190,000
dekatherms per day of firm transportation capacity to serve Direct
Energy Business Marketing, LLC and UGI Energy Services, LLC in time
for the 2019/2020 winter heating season (enough natural gas to meet
the daily needs of about 1 million homes).
“The demand for clean, reliable, and low-cost natural gas
continues to climb, particularly in northeastern markets like New
Jersey and New York City,” said Micheal Dunn, chief operating
officer of Williams. “The region has made tremendous strides in
improving air quality due primarily to the conversion from fuel oil
to natural gas. The Rivervale South to Market project will further
propel this progress in a manner that minimizes environmental
impacts by maximizing the use of our existing Transco
infrastructure.”
According to the U.S. Environmental Protection Agency (EPA),
increased utilization of natural gas has resulted in U.S. carbon
dioxide emissions declining 13 percent since 2005, while overall
greenhouse gas emissions are at their lowest levels since 1992.
The Rivervale South to Market project will consist of uprating
10.35 miles of existing Transco pipeline, adding a 0.61-mile
pipeline loop, as well as upgrades and modifications to existing
facilities, all in New Jersey.
Following the receipt of all necessary regulatory approvals,
Williams anticipates beginning construction on the Rivervale South
to Market project in early 2019.
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 U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Okla., Williams is an industry-leading, investment grade
C-Corp with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams 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’
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 and quarterly reports filed with the Securities and Exchange
Commission.
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WilliamsMedia Contact:Christopher Stockton,
713-215-2010orInvestor Contacts:John Porter,
918-573-0797orPaul Schroedter, 918-573-9673
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