Williams Partners Brings Latest Transco Expansion Into Service to Meet Growing Power-Generation Dema
Williams Partners Brings Latest Transco Expansion Into Service to Meet Growing Power-Generation Demand
- Executing On Time and On Budget to Deliver Enough Natural Gas to Serve One Million Homes in Southeast U.S.
- Fulfilling WPZ Strategy to Grow Cash Flow by Developing Large Portfolio of Primarily Fee-Based Projects
- Helping Meet Natural Gas Demand in Nation's Highest-Growth Region, Especially for Electric-Power Generation
- In Excess of $1.5 Billion in Related Transco Projects Under Way to Serve Power Generators, Local Distribution Companies and Producers
TULSA, Okla.--(BUSINESS WIRE)-- Williams Partners (NYS: WPZ) announced today a major expansion of its Transco natural gas pipeline was completed and brought into service, providing an additional 225,000 dekatherms of incremental firm natural gas transportation capacity to growing markets in the Southeast United States.
The Mid-South Expansion project provides service to power generators in North Carolina and Alabama as well as a local distribution company in Georgia. The company placed into service the first phase of the expansion (95,000 dekatherms per day) in the fall of 2012 and recently placed into service the second phase of the expansion (130,000 dekatherms per day). Together, both phases of the project deliver enough natural gas to provide service to approximately one million homes.
Demand for natural gas in the Southeast is growing at a rate well in excess of the national average, in large part due to the environmental advantages of natural gas over other fossil fuels. Much of this growth is driven by increasing demand for natural gas in electric power generation.
The Mid-South Expansion project consists of approximately 23 miles of new pipeline, a new compressor facility in Dallas County, Ala., and upgrades to existing compressor facilities in Alabama, Georgia, South Carolina and North Carolina.
"This expansion represents another milestone in our build-out of Transco, the nation's largest gas pipeline system and a significant platform for growth," said Rory Miller, senior vice president of Atlantic-Gulf. "We're executing on more than $1.5 billion in additional Transco expansion projects primarily to create efficient access between the prolific natural gas production areas in the Northeast U.S. to growing demand centers in numerous Southeast and Atlantic Seaboard states."
Transco is a 10,200-mile pipeline system that transports natural gas to markets throughout the northeastern and southeastern United States. Transco's major customers are primarily power generators, local distribution companies and producers. In the last decade, the company has placed into service 16 Transco growth projects totaling in excess of $1.2 billion of capital investment, and growing system capacity to 9.9 MMdth/d.
About Williams Partners L.P.
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 14 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 (NYS: WMB) owns approximately 68 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com, where the partnership routinely posts important information.
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership 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 partnership's annual reports filed with the Securities and Exchange Commission.
Williams Partners L.P.
Tom Droege, 918-573-4034
John Porter, 918-573-0797
Sharna Reingold, 918-573-2078
KEYWORDS: United States North America Alabama North Carolina Oklahoma
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