Williams Reports Mechanical Completion of Atlantic Sunrise Project; Requests Permission from FERC to Place Project into Full ...
20 September 2018 - 4:15AM
Business Wire
Williams (NYSE:WMB) today reported that the Atlantic Sunrise
pipeline project has achieved mechanical completion and 1.7 Bcf/d
of critically needed capacity is now ready to be placed in service
pending final approval from the Federal Energy Regulatory
Commission (FERC). The company requested such permission from the
FERC earlier today.
Backed by long-term shipper commitments, the nearly $3 billion
expansion of the existing Transco natural gas pipeline will connect
abundant Marcellus gas supplies with markets in the Mid-Atlantic,
including the Cove Point LNG facility, and the Southeastern U.S.
and is designed to increase natural gas deliveries by 1.7 billion
cubic feet per day.
Greenfield construction on the Pennsylvania portion of the
project began in September 2017. The project has featured the
installation of approximately 200 miles of large diameter pipeline,
two greenfield compressor stations and compressor station
modifications in five states. The segment of the project known as
the Central Penn Line will be jointly owned by Transco and a third
party.
FERC initially authorized the project in February 2017,
concluding that environmental impacts associated with the project
would be reduced to “less than significant levels” with the
implementation of mitigation measures proposed by the company and
FERC.
Additional information about the Atlantic Sunrise project can be
found at www.williams.com/atlanticsunrise.
Transco delivers natural gas to customers through its more than
10,000-mile pipeline network with a mainline extending 1,800 miles
from South Texas to 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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version on businesswire.com: https://www.businesswire.com/news/home/20180919005697/en/
WilliamsMedia Relations:Christopher Stockton,
713-215-2010orInvestor Relations:John Porter, 918-573-0797orPaul
Schroedter, 918-573-9673
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