Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

A limited liability company, Constitution Pipeline Company, LLC, owned by subsidiaries of Williams Partners L.P. (WPZ - Snapshot Report), Cabot Oil & Gas Corporation (COG - Analyst Report), Piedmont Natural Gas Company, Inc. (PNY - Snapshot Report), and WGL Holdings, Inc. (WGL - Snapshot Report), has filed an application with the Federal Energy Regulatory Commission (FERC) for pipeline construction.

The application seeks consent for a 122-mile pipeline linking domestic natural gas production in northeastern Pennsylvania with northeastern markets by spring 2015. The cost of the project is estimated at $683 million.

The Constitution Pipeline is capable of carrying about 650,000 dekatherms of natural gas per day from Williams Partners' gathering system in Susquehanna County, Pa., to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems in Schoharie County, New York. The natural gas volume transferred through the 30-inch underground transmission pipeline is sufficient for about 3 million homes.

Constitution Pipeline Company has engaged itself in the FERC pre-filing process since last spring. In this respect, the company seeks inputs from citizens, governmental bodies and several other interested parties to determine and deal with matters associated with the proposed pipeline alignment. The pipeline route has been altered by over 50% from the original alignment – mostly to into account stakeholders’ input.

With a stake of 41% in Constitution Pipeline, Williams Partners will provide construction, operation and maintenance services for the new pipeline, through its affiliates. Through their subsidiaries, Cabot, Piedmont Natural Gas and WGL own a share of 25%, 24% and 10%, respectively.

Williams Partners is an energy master limited partnership engaged in gathering, transportation, treating and processing of natural gas as well as fractionation and storage of natural gas liquids. The general partner of the partnership is owned and managed by Williams Companies Inc.

Williams Partners carries a Zacks Rank #3 (Hold).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%