Williams Partners L.P. Receives FERC Approval to Provide Additional Natural Gas Service to Southeast by 2011
TULSA, Okla., Aug. 2 /PRNewswire-FirstCall/ -- Williams Partners L.P. (NYSE: WPZ) announced today that the Federal Energy Regulatory Commission (FERC) has approved a proposal to expand its Transco natural gas pipeline to serve markets in the southeastern United States.
New service from the Mobile Bay South II Expansion project would be available in May 2011. The project has been designed to create an additional 380,000 dekatherms per day of southbound, year-round firm transportation capacity on the Mobile Bay Lateral from Transco's mainline at Station 85 near Butler, Ala., to its interconnect with Gulfstream Natural Gas System in Coden, Ala.
"Williams is excited to provide this economically priced link between the abundant on-shore supplies now available at Station 85 and growing markets in southern Alabama and Florida," said Phil Wright, president of Williams' natural gas pipeline business.
The Mobile Bay South II Expansion project will require a compression addition of 8,180 horsepower at Transco compressor station 85 and facility modifications at Station 83. Construction is scheduled to begin in August 2010 and conclude by May 2011. Williams estimates that the project facilities will cost approximately $36 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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