Williams Announces Open Season for Mid-South Expansion Project
TULSA, Okla., July 16 /PRNewswire-FirstCall/ -- Williams (NYSE: WMB) announced today that its Transco pipeline is holding a non-binding open season from July 16 to Aug. 19, 2009, for an expansion project designed to provide increased capacity on its Transco natural gas pipeline system to serve markets in the southeastern United States.
Williams' proposed Mid-South expansion project will offer shippers the opportunity to subscribe to incremental year-round firm transportation service on Transco's mainline from its Station 85 pool in Choctaw County, Ala. to delivery points as far north as Transco's interconnection with Cardinal Pipeline Company in Rockingham County, NC.
"By the end of this year, Transco customers will have access to as much as an additional 3 billion cubic feet per day of domestic, clean-burning natural gas at Station 85," said Phil Wright, president of Williams' natural gas pipeline business. "This project connects abundant new supply basins to growing markets in the Southeast."
The Mid-South expansion project is designed to provide up to 230,000 dekatherms per day of new capacity; it is anticipated to be available as early as September 2012, subject to Federal Energy Regulatory Commission approval. The level of market interest will determine the cost and pipeline facilities required for the expansion.
For customer inquiries, contact Toi Anderson at (713) 215-4540.
About Williams (NYSE: WMB)
Williams, through its subsidiaries, finds, produces, gathers, processes and transports natural gas. Williams' operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, and Eastern Seaboard. More information is available at http://www.williams.com. Go to http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.
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 reports filed with the Securities and Exchange Commission.
Carin Andre
(713) 215-2817
Richard George
Williams (investor relations)
(918) 573-3679
SOURCE Williams
Jul 16, 2009
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