Williams Receives FERC Approval for Gateway Project to Serve Growing Northeastern Market

Williams (NYSE: WMB) today reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Gateway Expansion Project “ an expansion of the existing Transco natural gas pipeline designed to create 65,000 dekatherms per day of firm transportation capacity for northeastern markets.

The Gateway project helps meet growing natural gas demand by consumers in New Jersey and New York in time for the 2020/2021 winter heating season, providing additional natural gas service to PSEG Power, LLC (PSEG) and UGI Energy Services, LLC.

Natural gas is a critical, low-cost component of the mix of energy sources necessary to meet the regions growing energy needs and to help meet its aggressive clean air goals, said Micheal Dunn, chief operating officer of Williams. Energy infrastructure upgrades like our Gateway Expansion project will help ensure consumers continue to benefit from clean, reliable and affordable energy.

The project has been designed to minimize community and environmental impacts by maximizing the utilization of existing pipeline infrastructure. Virtually all of the project activities are within Transcos existing rights of way and/or property boundaries. It includes adding electric horsepower at an existing Transco compressor station in Essex County, N.J., in addition to making modifications to two existing Transco meter stations in Passaic County and Essex County, N.J.

Following the receipt of all necessary regulatory approvals, Williams anticipates beginning construction on the Gateway Expansion Project in the spring of 2019, with a target in-service date of Nov. 1, 2020.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

PSEG supplies its affiliate Public Service Electric & Gas Company, which is New Jersey’s largest provider of electric and gas service “ serving 2.2 million electric customers and 1.8 million gas customers. UGI Energy Services supplies and markets natural gas and electricity to 40,000 customers across the Mid-Atlantic and Northeastern U.S.

Transco delivers natural gas to customers through its more than 10,000-mile pipeline network with a mainline extending 1,800 miles from South Texas to 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 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, Okla., 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 33,000 miles of pipelines system wide “ including Transco, the nations largest volume and fastest growing pipeline “ providing natural gas for clean-power generation, heating and industrial use. Williams operations handle 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 companys annual and quarterly reports filed with the Securities and Exchange Commission.

MEDIA CONTACT:
Christopher Stockton
(713) 215-2010

INVESTOR CONTACTS:
John Porter
(918) 573-0797

Paul Schroedter
(918) 573-9673

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE

Get Access to Exclusive Reports - Save Time & Money
Submit
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
Close