Williams Partners Announces FERC Approval of Transco Expansion Projects in New York City and Virginia
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The New York Bay Expansion will deliver additional natural gas to
New York City during the fourth quarter of 2017
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The Virginia Southside II Expansion will deliver additional natural
gas to southern Virginia during the fourth quarter of 2017
Williams Partners L.P. (NYSE: WPZ) today announced that the Federal
Energy Regulatory Commission (FERC) has approved applications for both
the New York Bay Expansion and the Virginia Southside II Expansion
projects, two fully subscribed, demand-driven Transco expansion projects
designed to provide natural gas service in 2017. The New York Bay
Expansion is designed to serve increasing local distribution demand in
New York City while the Virginia Southside II Expansion will help fuel
new electric-power generation in Virginia.
“The New York Bay Expansion and Virginia Southside II Expansion projects
add to our growing list of Transco projects that connect North America’s
abundant natural gas supplies to long-term demand growth from local
distribution companies, industrial and power generation customers,” said
Rory Miller, senior vice president of Williams Partners’ Atlantic-Gulf
operating area. “Our Transco pipeline infrastructure continues to
connect prolific natural gas supplies with some of the fastest growing
gas markets in the U.S.”
Construction on each project is expected to commence during the fourth
quarter of 2016, with each scheduled to be placed into service during
the fourth quarter of 2017.
The New York Bay Expansion is designed to bring 115,000 dekatherms per
day of firm transportation capacity into National Grid’s distribution
system to the Rockaway Delivery Lateral and the Narrows meter station.
The Virginia Southside II Expansion is designed to provide 250,000
dekatherms per day of firm transportation capacity to a delivery point
on a new lateral off Transco’s Brunswick Lateral in Virginia, providing
additional natural gas needed to serve a new 1,580-megawatt
combined-cycle, natural gas-fired generation facility that Dominion
Virginia Power is constructing in Greensville County, Virginia.
Transco, a wholly owned subsidiary of Williams Partners, is the nation’s
largest and fastest-growing interstate natural gas transmission pipeline
system. It 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, as well as international markets.
About Williams Partners
Williams Partners (NYSE: WPZ) 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 and also in
Canada. Williams Partners has operations across the natural gas value
chain from gathering, processing and interstate transportation of
natural gas and natural gas liquids to petchem production of ethylene,
propylene and other olefins. 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
North American natural gas infrastructure, owns 60 percent of Williams
Partners, including all of the 2 percent general-partner interest. www.williams.com
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. 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 partnership’s annual reports filed with
the Securities and Exchange Commission.
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Copyright Business Wire 2016
Source: Business Wire
(July 28, 2016 - 4:30 PM EDT)
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