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Friday, November 22, 2013

Government Approves Williams Request To Expand Nation's Largest Natural Gas Pipeline System, Transco

Williams Partners receives FERC approval for Transco Pipeline expansion designed primarily to serve new gas-fired power-generation in Virginia:
Co announces it has received Federal Energy Regulatory Commission approval to expand Transco, the nation's largest natural gas pipeline system, to provide service to a customer's new, gas-fired, power-generation plant in Virginia. 
A unit of Dominion (D) plans to construct the 1,358-megawatt facility in Brunswick County, Va., to replace generating capacity from retiring coal-fired plants.
The ~$300 mln Transco Virginia Southside Expansion is designed to provide 270,000 dekatherms per day (dth/d) of incremental transportation capacity in Virginia and North Carolina by September 2015. Of the total expanded capacity, more than 90 percent will serve Dominion Virginia Power's new power plant; the remainder will serve Piedmont Natural Gas Company's (PNY) local-distribution business in North Carolina.
Putting that into perspective: Williams will commit about $300 million to expand the nation's largest pipeline system; the expansion will serve the very population-dense northeast and east.

Meanwhile, ONEOK will commit close to a billion dollars (initial budget $780 million) to expand natural gas gathering, processing, and planting, in North Dakota (fly-over country). 

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