Williams Partners L.P. Completes Initial Phase of Pipeline Expansion to Provide Additional Natural Gas Service to Southeast
TULSA, Okla., July 12 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) announced today it has placed the first phase of its Transco pipeline's 85 North expansion project into service, providing 90,000 dekatherms of natural gas per day to fuel Constellation Energy's new 740-megawatt electric power plant in Tallapoosa County, Ala.
Phase II of the project will increase the pipeline's capacity by an additional 218,500 dekatherms per day by the summer of 2011, serving new and existing electric power generating facilities in North Carolina.
"This project is a great example of how Williams is working closely with its customers to fuel the increasing demand for electric power generation throughout the Southeast with clean-burning natural gas," said Phil Wright, president of Williams' natural gas pipeline business.
Phase I of the 85 North project required adding a combined 17,900 horsepower at two existing Transco compressor facilities in Alabama. Phase II of the project will require the addition of approximately 22 miles of 42-inch pipeline in Alabama, South Carolina and North Carolina, as well as a new 20,500 horsepower compressor facility in South Carolina and modifications to several existing compressor stations. The total cost of the project is approximately $241 million.
The Transco pipeline is a 10,000-mile pipeline system which transports natural gas to markets throughout the northeastern and southeastern United States. The current system capacity is approximately 8.6 billion cubic feet per day.
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 12 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 84 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 to join our email list.
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.
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SOURCE Williams Partners L.P.
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