Williams Receives FERC Approval for Gateway Project to Serve Growing Northeastern Market
14 December 2018 - 8:30AM
Business Wire
Williams (NYSE: WMB) today reported that the Federal Energy
Regulatory Commission (FERC) has issued a certificate of public
convenience and necessity authorizing the Gateway Expansion Project
– an expansion of the existing Transco natural gas pipeline
designed to create 65,000 dekatherms per day of firm transportation
capacity for northeastern markets.
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 (PSEG) and UGI Energy Services, LLC.
“Natural gas is a critical, low-cost component of the mix of
energy sources necessary to meet the region’s growing energy needs
and to help meet its aggressive clean air goals,” said Micheal
Dunn, chief operating officer of Williams. “Energy infrastructure
upgrades like our Gateway Expansion project will help ensure
consumers continue to benefit from clean, reliable and affordable
energy.”
The project has been designed to minimize community and
environmental impacts by maximizing the utilization of existing
pipeline infrastructure. Virtually all of the project activities
are within Transco’s existing rights of way and/or property
boundaries. It includes adding electric horsepower at an existing
Transco compressor station in Essex County, N.J., in addition to
making modifications to two existing Transco meter stations in
Passaic County and Essex County, N.J.
Following the receipt of all necessary regulatory approvals,
Williams anticipates beginning construction on the Gateway
Expansion Project in the spring of 2019, with a target in-service
date of Nov. 1, 2020.
PSEG supplies its affiliate Public Service Electric & Gas
Company, which is New Jersey's largest provider of electric and gas
service – serving 2.2 million electric customers and 1.8 million
gas customers. UGI Energy Services supplies and markets natural gas
and electricity to 40,000 customers across the Mid-Atlantic and
Northeastern U.S.
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 Transco, the nation’s
largest volume and fastest growing pipeline – providing natural gas
for clean-power generation, heating and industrial use. Williams’
operations handle 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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