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News Breaks
April 28, 2014
08:07 EDTWPZWilliams makes plans to bring Opal facility back in service after fire
Williams Partners is deploying safety measures and performing initial assessment of damage in a small area of one of the five plants on its 160-acre Opal, Wyoming., gas-processing facility that was directly affected by a fire last week. In coordination with regulatory agencies, the company is assessing damage and developing preliminary plans to bring the other four plants back into service in a safe, systematic and timely manner. The capacity of the four undamaged plants totals 1.1B cubic feet of gas per day, which is sufficient to handle all of the natural gas currently available to the facility. The facility has been shut down since the incident occurred on April 23. There were no reported injuries or damage to property outside the facility. The plantís emergency procedures performed as designed. Although the company has not yet made a full assessment of all plant equipment, the initial visual assessment of damage indicates that the impact was largely limited to a small area of the TXP-3 unit. At the time of the incident, it was one of the four units the plant had running to handle recent daily inlet volumes of approximately 1B cubic feet of natural gas. The fifth unit was idle, serving as excess capacity for the facility. Information from the companyís visual inspection of the damage area indicates that there was a release of natural gas that was subsequently ignited. The focus of the investigation will be on the cause of the release and source of ignition. Company personnel are inspecting the damaged equipment in cooperation with regulatory authorities. The company plans a detailed assessment of damage, followed by development of plans to address the damaged equipment.
News For WPZ From The Last 14 Days
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October 24, 2014
14:05 EDTWPZConstitutional Pipeline receives FERC final environmental review
Constitution Pipeline Company reported a key regulatory milestone toward approval to construct its proposed pipeline on a schedule that targets increasing natural gas supply to New York and New England markets in time for the winter 2015-16 heating season. The Federal Energy Regulatory Commission, or FERC, on Oct. 24 published its final environmental review of the proposed 124-mile Constitution Pipeline. The FERC action is a key step toward the commission's decision on the project, which is expected as early as late November. Assuming timely receipt of all necessary regulatory approvals, Constitution Pipeline would begin construction as early as the first-quarter next year in order to help meet winter 2015-16 heating-season needs in New York and New England. The FERCís 90-day federal authorization decision deadline for the project is set for Jan. 22, 2015. Constitution Pipeline Company is owned by subsidiaries of Williams Partners L.P. (WPZ), Cabot Oil & Gas Corporation (COG), Piedmont Natural Gas Company (PNY), and WGL Holdings (WGL).
October 20, 2014
16:51 EDTWPZWilliams Partners raises quarterly dividend 5.8% to 92.85c
The board of the partnership's general partner has approved the quarterly cash distribution, which is payable on Nov. 7 to common unitholders of record at the close of business on Oct. 31.
October 17, 2014
10:16 EDTWPZHigh option volume stocks
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