May 3, 2019 - 4:55 PM EDT
Print Email Article Font Down Font Up Charts

Williams Receives FERC Certificate Authorizing Northeast Supply Enhancement Project

TULSA, Okla.

Williams (NYSE: WMB) today reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Northeast Supply Enhancement project – an expansion of the existing Transco natural gas pipeline designed to serve New York markets in time for the 2020/2021 winter heating season.

The Northeast Supply Enhancement project will provide 400,000 dekatherms per day of additional natural gas supply to National Grid – the largest distributor of natural gas in the northeastern United States. National Grid is converting about 8,000 customers per year from heating oil to natural gas in New York City and Long Island. The Northeast Supply Enhancement Project is critical to make these conversions possible, as well as keep up with new development in the area.

“Natural gas is a critical 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 Williams Chief Operating Officer Micheal Dunn. “We appreciate the Commission’s thorough review of this important infrastructure enhancement project, which will help ultimately advance New York City toward meeting the statewide carbon emissions goals outlined in the New York State Energy Plan.”

“NESE will provide access to critical supply to serve our customers in New York City and on Long Island, ensuring there is enough natural gas for them to heat their homes and run their businesses,” said National Grid New York President John Bruckner. “This project aligns with our 80x50 pathway to reduce greenhouse gas emissions and supports City and State clean energy goals, while improving safety, reliability, resiliency and maintaining affordability and customer choice.”

The Order issued by the Commission concludes a nearly three-year regulatory review process, ultimately determining that the Northeast Supply Enhancement project will serve the public interest and that environmental impacts would be minimized with the implementation of mitigation measures proposed by the company and FERC.

Following the receipt of all necessary regulatory approvals, Williams anticipates beginning construction on the Northeast Supply Enhancement project facilities in the fall of 2019.

Transco is the nation’s largest-volume interstate natural gas pipeline system. It delivers natural gas to customers through its approximately 10,000-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 Northeast Supply Enhancement

The Northeast Supply Enhancement project will expand existing Transco pipeline infrastructure in Pennsylvania, New Jersey and New York primarily by ‘looping’ – placing new pipe alongside of existing pipe parallel to the existing right of way. The project facilities consist of approximately 10 miles of 42-inch pipeline looping facilities, three miles of onshore 26-inch looping facilities, 23 miles of offshore 26-inch looping facilities, the addition of 21,902 horsepower at an existing compressor station, a new 32,000 horsepower compressor station and related appurtenant facilities.

According to researchers at the Edward J. Bloustein School of Planning and Public Policy, the design and construction of the Northeast Supply Enhancement project will generate approximately $327 million in additional economic activity in Pennsylvania, New Jersey and New York. In addition, the project will directly and indirectly generate 3,186 jobs during the construction period, resulting in an estimated $234 million in labor income.

Additional information about the Northeast Supply Enhancement project can be found at

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, Oklahoma, 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 30,000 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% of U.S. natural gas.

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.

Christopher Stockton
(713) 215-2010

John Porter
(918) 573-0797

Grace Scott
(918) 573-1092

Source: Business Wire (May 3, 2019 - 4:55 PM EDT)

News by QuoteMedia

Legal Notice