Williams Partners Seeks FERC Approval for Southeastern Trail Expansion Project to Serve Growing Demand for Natural Gas in Mid...
12 April 2018 - 10:15PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) announced today that Transco
has filed an application with the Federal Energy Regulatory
Commission (FERC) seeking authorization for its Southeastern Trail
expansion project, which would create 296,375 dekatherms per day of
additional firm transportation capacity to markets in the
Mid-Atlantic and Southeastern U.S. for the 2020/2021 winter heating
season.
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 approximately 74 percent, including the general-partner
interest.
Williams Partners has executed precedent agreements with utility
and local distribution companies located in Virginia, North
Carolina, South Carolina and Georgia for firm transportation
service under the project. Once complete, the project will help
meet the growing natural gas demand in the Southeast, as well as
provide access to new sources of domestic natural gas supply while
enhancing system reliability.
“Southeastern Trail is a critical project that will work to
bring key supplies from interconnects in the Mid-Atlantic region to
growing demand centers in the Southeastern U.S.,” said Micheal
Dunn, chief operating officer of Williams Partners’ general
partner. “This vital project, along with additional expansion
opportunities under development, will link low-cost supply to key
customers in high-growth markets and continues the expansion of
southbound capacity on the Transco pipeline system. Construction of
this project along Transco’s existing corridor results in
significantly less environmental impact and more economical
transportation rates for our customers than other greenfield
projects serving these same markets.”
The company held an open season for the project last summer and
executed long-term binding precedent agreements with five natural
gas shippers for 100 percent of the firm transportation capacity.
Customers served by the project are PSNC Energy, South Carolina
Electric & Gas, Virginia Natural Gas, the City of Buford,
Ga., and the City of LaGrange, Ga.
Subject to approval by the Federal Energy Regulatory Commission,
the Southeastern Trail Expansion project will consist of
approximately 7.7 miles of 42-inch pipeline looping facilities in
Virginia, horsepower additions at existing compressor stations in
Virginia, and piping and valve modifications on other existing
facilities in South Carolina, Georgia, and Louisiana to allow
for bi-directional flow.
The certificate application reflects an expected capital cost of
$404.8 million and a target in-service commitment of Nov. 1,
2020.
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 Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams
Partners has operations across the natural gas value chain
including gathering, processing and interstate transportation of
natural gas and natural gas liquids. 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. Tulsa, Okla.-based Williams (NYSE:
WMB), a premier provider of large-scale U.S. natural gas
infrastructure, owns approximately 74 percent of Williams
Partners.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’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/20180412005171/en/
Williams Partners L.P.Media Contact:Christopher Stockton,
713-215-2010orInvestor Contact:Brett Krieg, 918-573-4614
Williams Partners (NYSE:WPZ)
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