We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Williams (WMB) Gets FERC Nod for Transco Expansion Project
Read MoreHide Full Article
Williams Companies Inc.’s (WMB - Free Report) Transco Expansion Project was recently green-lit by Federal Energy Regulatory Commission (FERC), bringing in pleasant news for the company, industry advocates and natural gas users. Notably, the firm had filed an application with the FERC last year, seeking approval for its Rivervale South to Market project, which incorporates expansion of the existing Transco pipeline project to meet the increasing natural gas demand.
The expansion of the project will entail uprating of 10.35 miles of existing Transco pipeline, along with upgrades and alterations to pipeline facilities in operation, all in New Jersey. Uprating a pipeline is basically a process used to boost the permissible operating pressure in a pipeline, per its design capability.
The project is expected to provide incremental service to natural gas consumers by generating 190,000 dekatherms per day of firm transportation capacity to the northeastern markets. On completion, the project will benefit northeastern consumers, mainly in New Jersey and New York, by catering to the growing demand for heating and power generation in more than 1 million homes.
Subsequent to receipt of all the required permits, Williams is likely to commence the construction of the project in early 2019.
Notably, three other pipelines including PennEast, Eastern Market Access Project and Southeast Markets Pipeline project also got FERC nod on Aug 10, in addition to Transco expansion.
FERC brushed aside requests to reconsider the approval of the PennEast pipeline, allowing it to proceed forward. Its decision has been highly criticized by the green-campaigners.PennEast is a joint venture between Southern Company, New Jersey Resources Corporation, South Jersey Industries , Enbridge Inc. (ENB - Free Report) and UGI Corp. All the companies hold a 20% stake each in the project.The $1.13-billion pipeline project is expected to deliver gas to about 4.7 million households at a rate of roughly 1 billion cubic feet per day. It will help in creating additional job opportunities and a reliable fuel supply for the future.
The Southeast Markets Pipeline and Dominion Energy, Inc.’s (D - Free Report) $148-million Eastern Market Access Project in Maryland were also given final approval by FERC, as the regulatory authority believes that the benefits from the pipelines will outweigh environmental concerns.
However, FERC halted the construction of the Atlantic Coast Pipeline due to serious environmental and wildlife concerns, which bought about a relief to the environmental regulators.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Williams (WMB) Gets FERC Nod for Transco Expansion Project
Williams Companies Inc.’s (WMB - Free Report) Transco Expansion Project was recently green-lit by Federal Energy Regulatory Commission (FERC), bringing in pleasant news for the company, industry advocates and natural gas users. Notably, the firm had filed an application with the FERC last year, seeking approval for its Rivervale South to Market project, which incorporates expansion of the existing Transco pipeline project to meet the increasing natural gas demand.
The expansion of the project will entail uprating of 10.35 miles of existing Transco pipeline, along with upgrades and alterations to pipeline facilities in operation, all in New Jersey. Uprating a pipeline is basically a process used to boost the permissible operating pressure in a pipeline, per its design capability.
The project is expected to provide incremental service to natural gas consumers by generating 190,000 dekatherms per day of firm transportation capacity to the northeastern markets. On completion, the project will benefit northeastern consumers, mainly in New Jersey and New York, by catering to the growing demand for heating and power generation in more than 1 million homes.
Subsequent to receipt of all the required permits, Williams is likely to commence the construction of the project in early 2019.
Notably, three other pipelines including PennEast, Eastern Market Access Project and Southeast Markets Pipeline project also got FERC nod on Aug 10, in addition to Transco expansion.
FERC brushed aside requests to reconsider the approval of the PennEast pipeline, allowing it to proceed forward. Its decision has been highly criticized by the green-campaigners.PennEast is a joint venture between Southern Company, New Jersey Resources Corporation, South Jersey Industries , Enbridge Inc. (ENB - Free Report) and UGI Corp. All the companies hold a 20% stake each in the project.The $1.13-billion pipeline project is expected to deliver gas to about 4.7 million households at a rate of roughly 1 billion cubic feet per day. It will help in creating additional job opportunities and a reliable fuel supply for the future.
The Southeast Markets Pipeline and Dominion Energy, Inc.’s (D - Free Report) $148-million Eastern Market Access Project in Maryland were also given final approval by FERC, as the regulatory authority believes that the benefits from the pipelines will outweigh environmental concerns.
However, FERC halted the construction of the Atlantic Coast Pipeline due to serious environmental and wildlife concerns, which bought about a relief to the environmental regulators.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>