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Williams Announces FERC Approval of Transco Project to Serve Growing Demand for Natural Gas in Northeastern U.S.


TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB) announced today that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Rivervale South to Market project – an expansion of the existing Transco natural gas pipeline to meet the growing heating and power generation demand for northeastern consumers.

The Rivervale South to Market project will create 190,000 dekatherms per day of firm transportation capacity to serve Direct Energy Business Marketing, LLC and UGI Energy Services, LLC in time for the 2019/2020 winter heating season (enough natural gas to meet the daily needs of about 1 million homes).

“The demand for clean, reliable, and low-cost natural gas continues to climb, particularly in northeastern markets like New Jersey and New York City,” said Micheal Dunn, chief operating officer of Williams. “The region has made tremendous strides in improving air quality due primarily to the conversion from fuel oil to natural gas. The Rivervale South to Market project will further propel this progress in a manner that minimizes environmental impacts by maximizing the use of our existing Transco infrastructure.”

According to the U.S. Environmental Protection Agency (EPA), increased utilization of natural gas has resulted in U.S. carbon dioxide emissions declining 13 percent since 2005, while overall greenhouse gas emissions are at their lowest levels since 1992.

The Rivervale South to Market project will consist of uprating 10.35 miles of existing Transco pipeline, adding a 0.61-mile pipeline loop, as well as upgrades and modifications to existing facilities, all in New Jersey.

Following the receipt of all necessary regulatory approvals, Williams anticipates beginning construction on the Rivervale South to Market project in early 2019.

Transco 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.

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 the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams’ operations touch 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.

Contacts

Williams
Media Contact:
Christopher Stockton, 713-215-2010
or
Investor Contacts:
John Porter, 918-573-0797
or
Paul Schroedter, 918-573-9673



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