Williams (NYSE: WMB) announced today that Transco has filed an
application with the Federal Energy Regulatory Commission (FERC) seeking
authorization for its Atlantic Sunrise expansion project, which would
transport about 1.7 billion cubic feet of natural gas per day to markets
in the Mid-Atlantic and Southeastern U.S.
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 60
percent, including the general-partner interest.
“Atlantic Sunrise is a vital piece of North American energy
infrastructure needed to transport low-cost, abundant supplies of
natural gas from the Marcellus producing region in Pennsylvania to
hungry markets along the Atlantic Seaboard,” said Rory Miller, senior
vice president of Williams Partners’ Atlantic-Gulf operating area.
“Shippers have signed long-term commitments for the expansion’s entire
capacity, which represents enough natural gas to serve approximately 7
Williams expects to place Atlantic Sunrise into service in the second
half of 2017 as part of $4.8 billion in transmission projects planned to
come online through 2017. Atlantic Sunrise adds to the list of Transco’s
continued growth opportunities to connect increasing supplies of
domestic natural gas with strong demand centers on the Eastern Seaboard
from New York City to the far Southeast.
The project consists of compression and looping of the Transco Leidy
line in Pennsylvania and various locations along its mainline between
Pennsylvania and South Carolina in addition to a greenfield pipeline
segment, referred to as the Central Penn Line, connecting the
northeastern Marcellus producing region to the Transco mainline near
Station 195 in southeastern Pennsylvania. The greenfield segment will be
jointly owned by Transco and a third party.
Williams Partners’ net investment in the Atlantic Sunrise project is
expected to be approximately $2.1 billion.
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.
Williams (NYSE: WMB) is a premier provider of large-scale infrastructure
to connect North American natural gas and natural gas products to
growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa,
Okla., Williams owns approximately 60 percent of Williams Partners L.P.
(NYSE: WPZ), including the general-partner interest. Williams Partners
is an industry-leading, large-cap master limited partnership with
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. With major
positions in top U.S. supply basins and also in Canada, 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, home
heating and industrial use. Williams Partners’ operations touch
approximately 30 percent of U.S. natural gas. www.williams.com
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 reports filed with the
Securities and Exchange Commission.