Williams (WMB) Receives FERC Approval for Expansion Proposal of Transco Natural Gas Pipeline
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Williams (NYSE: WMB) announced that the Federal Energy Regulatory Commission (FERC) has approved a proposal to expand Williams' Transco natural gas pipeline to serve markets in the northeastern United States.
The Sentinel expansion project is designed to increase Transco's firm transportation capacity by 142,000 dekatherms per day. Phase 1 of the expansion will provide 40,000 dekatherms per day as early as Nov. 1, 2008, while Phase 2 will provide 102,000 dekatherms per day by Nov. 1, 2009.
The proposal requires adding or replacing approximately 18 miles of pipe at various locations in Pennsylvania and New Jersey, in addition to compressor facility modifications at Transco Station 195 in Delta, Pa.
The Williams Companies, Inc. (Williams) is a natural gas company. The Company primarily finds, produces, gathers, processes and transports natural gas.[SM]
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