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July 30, 2014
08:32 EDTWPZWilliams Partners, Transco add a fully contracted expansion project
Williams Partners L.P. and its wholly owned subsidiary Transcontinental Gas Pipe Line Company, LLC, or Transco, announced a fully contracted expansion project designed to deliver 180,000 dekatherms a day of additional natural gas capacity for local distribution along the Eastern Seaboard. The Garden State Expansion Project consists of additional compression to provide 180,000 dekatherms of firm natural gas transportation service and increased reliability to a local gas distribution company along the New Jersey coast that was affected by Hurricane Sandy. The $150M project would provide firm transportation from Transcoís Zone 6 Station 210 Pooling Point in Somerset County, N.J. to a new interconnection on Transco's Trenton Woodbury Lateral in Burlington County, N.J. Williams Partners plans to place the project into service in phases with the first phase in 2016 and the second in 2017, assuming timely receipt of necessary regulatory approvals. The project is in addition to the $4.3B in capital expenditures planned through 2017 on Transco growth projects that Williams Partners has previously announced. Transco is the nationís largest and fastest-growing interstate natural gas transmission pipeline system. It delivers natural gas to customers through its 10,200-mile pipeline network whose mainline extends nearly 1,800 miles between South Texas and 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.
News For WPZ From The Last 14 Days
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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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