Current WMB Stock Info

Williams Company Delays Constitution Pipeline

Williams Company (ticker: WMB) announced on March 10, 2016, that plans for the Constitution pipeline, that will carry natural gas to the New York and New England markets, have been delayed. The delay is in accordance with the Federal Energy Regulatory Commission and the U.S. Fish and Wildlife Service.

The window set forth under environmental guidelines requires Williams to stop felling trees by a March 31st deadline. The company will be unable to comply with this requirement and will need to put the project on hold from the expected completion of fourth quarter 2016 until mid-year 2017.

Williams has said the company will be able to continue with construction on a limited basis where trees have already been felled, but full-scale construction will not be able to proceed until October 1, 2016.  The company says the 124-mile pipeline would help to ease a shortage of pipelines to take abundant natural gas to market from Pennsylvania’s Marcellus Shale, and would reduce prices for customers in New York and New England.

“The Constitution Pipeline will help address pipeline infrastructure issues that have exposed New England and New York consumers to less-reliable utility services, higher-than-average natural gas prices, and significantly higher electric-generation costs,” Williams said in its statement.

Iowa Approves Four State Bakken Pipeline

An oil pipeline that will originate in the Bakken and run through four midwestern states reached its final hurdle of state approval by gaining acceptance form the Iowa legislature. Now, only one federal permit remains before the pipeline can begin construction.

After more than a year, the Iowa Utilities Board gave the go ahead to the Bakken Pipeline. North Dakota, South Dakota, and Illinois have already awarded the right-of-way to this mega-infrastructure that will transport at least 450,000 barrels of crude oil per day from the oil-rich Bakken region in North Dakota to a market hub in Patoka, Illinois.


The 1,168-mile long Bakken Pipeline, which is comparable in length to the rejected Keystone XL, also crosses federal waterways and wetlands. The Army Corps of Engineers has to issue a permit and approve this project for it to retain full approval.

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