Constitution Pipeline Company, LLC, a joint development
between Williams Partners L.P. (NYSE: WPZ) and Cabot Oil &
Gas Corporation (NYSE: COG), today announced the execution
of precedent agreements for a proposed 121-mile pipeline
designed to connect natural gas production in northeastern
Pennsylvania with northeastern markets by spring 2015.
Cabot Oil & Gas has committed to transport 500,000 dt/day
(dekatherms per day), while Southwestern Energy Services
Company, a subsidiary of Southwestern Energy Company (NYSE:
SWN) has agreed to transport 150,000 dt/day for a total
takeaway capacity of 650,000 dt/day (enough natural gas to
serve about 3 million homes).
The new 121-mile Constitution Pipeline is being designed to
connect Williams Partners' gathering system in
Susquehanna County, Pa., to the Iroquois Gas Transmission
and Tennessee Gas Pipeline systems in Schoharie County, NY.
Williams Partners will own 75 percent of Constitution
Pipeline and, through its affiliates, will provide
construction, operation and maintenance services for the
new pipeline. Cabot will own the remaining 25 percent.
Williams (NYSE:WMB) owns 69 percent of Williams Partners.
The pipeline will be regulated by the Federal Energy
Regulatory Commission (FERC). In anticipation of filing a
certificate application with the FERC in early 2013,
Constitution Pipeline Company requested that FERC initiate
a pre-filing environmental review of the pipeline proposal.
The FERC pre-filing process is intended to solicit early
input from citizens, governmental entities and other
interested parties to identify and address issues with
potential facility locations.
Additional information about the Constitution Pipeline can
be found at
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master
limited partnership focused on natural gas transportation;
gathering, treating, and processing; storage; natural gas
liquid (NGL) fractionation; and oil transportation. The
partnership owns interests in three major interstate
natural gas pipelines that, combined, deliver 14 percent of
the natural gas consumed in the United States. The
partnership's gathering and processing assets include
large-scale operations in the U.S. Rocky Mountains and both
onshore and offshore along the Gulf of Mexico. Williams
(NYSE: WMB) owns approximately 69 percent of Williams
Partners, including the general-partner interest. More
information is available at
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.
Williams Partners L.P.
Julie Gentz, 918-573-3053
Sharna Reingold, 918-573-2078