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 region’s 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
Transco’s 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.
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
nation’s 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 company’s annual and quarterly reports
filed with the Securities and Exchange Commission.
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