Williams Partners Announces Has Added Another Fully Contracted Transco Pipeline Expansion


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Williams Partners L.P. (NYSE: WPZ) and its wholly owned subsidiaryTranscontinental Gas Pipe Line Company, LLC (Transco) today announced a fullycontracted expansion project designed to deliver 180,000 dekatherms a day ofadditional natural gas capacity for local distribution along the EasternSeaboard.The Garden State Expansion Project consists of additional compression toprovide 180,000 dekatherms of firm natural gas transportation service andincreased reliability to a local gas distribution company along the New Jerseycoast that was affected by Hurricane Sandy. The $150 million project wouldprovide firm transportation from Transco's Zone 6 Station 210 Pooling Point inSomerset County, N.J. to a new interconnection on Transco's Trenton WoodburyLateral in Burlington County, N.J. Williams Partners plans to place theproject into service in phases with the first phase in 2016 and the second in2017, assuming timely receipt of necessary regulatory approvals.The project is in addition to the $4.3 billion in capital expenditures plannedthrough 2017 on Transco growth projects that Williams Partners has previouslyannounced. Transco is the nation's largest and fastest-growing interstatenatural gas transmission pipeline system. It delivers natural gas to customersthrough its 10,200-mile pipeline network whose mainline extends nearly 1,800miles between South Texas and New York City. The system is a major provider ofcost-effective natural gas services that reach U.S. markets in 12 Southeastand Atlantic Seaboard states, including major metropolitan areas in New York,New Jersey and Pennsylvania.“As demonstrated by this continued high-level of demand from customers,Williams Partners is well positioned to serve the growingelectricity-generation and gas distribution needs of markets up and down theeastern United States,” said Frank Ferazzi, vice president and general managerof Williams Partners' Transco system. “Garden State is another example ofvital infrastructure expansions we're pursuing as a result of the tremendousmarket demand we're seeing from customers for abundant, clean-burning naturalgas.”The Rockaway Lateral and Northeast Connector expansions are among WilliamsPartners projects currently under construction. These two projects aredesigned to increase natural gas delivery capacity to Brooklyn and Queens thiswinter. To the south, demand for gas-fired electric power generation is theprimary driver of two more Transco projects under construction – VirginiaSouthside and Mobile Bay South III – both designed to provide additional firmnatural gas transportation capacity to growing markets by 2015.Williams Partners also has a number of projects progressing through theregulatory process. In June, Transco filed a certificate application with theFederal Energy Regulatory Commission (FERC) seeking authorization to extendthe existing Transco pipeline in order to fuel a new electric power generatingfacility in Cecil County, Md. The project is expected to be placed intoservice by third-quarter 2016.Also in June, FERC announced a schedule showing that it expects to issue inAugust the environmental assessment for the Leidy Southeast Expansion project.The project is designed to increase Transco pipeline's capacity by 525,000dekatherms of natural gas per day to serve the growing market needs along theAtlantic Seaboard by late 2015.In February, FERC issued its draft Environment Impact Statement for theConstitution Pipeline and the company expects FERC to issue the finalEnvironmental Impact Statement soon. Constitution Pipeline Company, LLC isowned by subsidiaries of Williams Partners L.P., Cabot Oil & Gas Corporation,Piedmont Natural Gas Company, Inc. and WGL Holdings, Inc. The 124-milepipeline project is proposed to connect domestic natural gas production innortheastern Pennsylvania with northeastern markets by late 2015 or 2016.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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