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 or call 800-767-3771 ext.  9339.

A leading master limited partnership, Williams Partners L.P. (WPZ - Snapshot Report) received Federal Energy Regulatory Commission (FERC) approval to expand its natural gas pipeline system Transco, to provide service to a new, gas-fired, power-generation plant in Virginia.

The 1,358-megawatt plant would be constructed by a unit of Dominion Resources, Inc. (D - Snapshot Report) in Brunswick County, Va.

The approximately $300 million Transco expansion is designed to provide 270,000 dekatherms per day (dth/d) of incremental transportation capacity in Virginia and North Carolina by Sep 2015. Of the total expanded capacity, more than 90% will serve Dominion Virginia Power’s new power plant; the remainder will serve Piedmont Natural Gas Company Inc.’s (PNY - Snapshot Report) local-distribution business in North Carolina.

The Virginia Southside Expansion is part of $2.2 billion of Transco growth projects that Williams Partners plans to bring into service between 2013 and 2017. Together, these projects are designed to increase the Transco system capacity by more than 35%. The expansions, which consist of 11 projects in nine eastern states, are designed to serve customers’ demand for power generation, industries and local distribution.

A 10,200-mile Transco pipeline supplies natural gas transportation and storage services markets throughout the Northeastern and Southeastern United States. The key markets of the pipeline include New York City, Philadelphia, Washington D.C. and Atlanta, while the major customers are mainly power generators, local distribution companies and producers.

Over the last 10 years, the company has invested nearly $2 billion and commissioned 21 Transco growth projects. Currently, the system capacity is around 10.2 million dekatherms per day, which is adequate to provide natural gas to about 42 million homes.

Williams Partners carries a Zacks Rank #3 (Hold). Investors interested in the oil and gas industry may consider a better-ranked stock like AmeriGas Partners LP (APU - Snapshot Report). This Zacks Rank #1 (Strong Buy) stock is expected to outperform in the near term.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

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 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 GROUP DXYN 15.84 +7.90%
BOFL HOLDING 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%