A leading master limited partnership, Williams Partners L.P. (WPZ - Free Report) announced the completion of its Transco natural gas pipeline expansion. The expanded pipeline would provide additional 225,000 dekatherms of natural gas transportation capacity to growing markets in the Southeast United States. The Mid-South Expansion project will cater to power generators in North Carolina and Alabama as well as a local distribution company in Georgia.
The Mid-South Expansion project consists of approximately 23 miles of new pipeline, a new compressor facility in Dallas County, Alabama. It also involves the upgrade of existing compressor facilities in Alabama, Georgia, South Carolina and North Carolina.
Another expansion project of the Transco natural gas pipeline, The Rockaway Delivery Lateral Project is likely to be commissioned during the second half of 2014. The project when completed is estimated to supply 647,000 dekatherms per day of natural gas to National Grid's gas distribution system in Brooklyn and Queens, New York.
The 10,200-mile Transco pipeline system carries natural gas to markets across the northeastern and southeastern United States. Currently, the system capacity is about 9.7 million dekatherms per day. Transco’s major customers are primarily power generators, local distribution companies and producers.
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 NGLs. The general partner of the partnership is owned and managed by Williams Companies Inc. (WMB - Free Report) .
Williams Partners retains a Zacks Rank #3, which is equivalent to a short-term Hold rating. However, there are other stocks in the oil and gas sector – Delek Logistics Partners, LP (DKL - Free Report) and Summit Midstream Partners, LP (SMLP - Free Report) – which hold a Zacks Rank #1 (Strong Buy) and are expected to perform better.