A limited liability company, Constitution Pipeline Company,
LLC, owned by subsidiaries of
Williams Partners L.P.
Cabot Oil & Gas Corporation
Piedmont Natural Gas Company, Inc.
WGL Holdings, Inc.
), has filed an application with the Federal Energy Regulatory
Commission (FERC) for pipeline construction.
CABOT OIL & GAS (COG): Free Stock Analysis
PIEDMONT NAT GA (PNY): Free Stock Analysis
WGL HLDGS INC (WGL): Free Stock Analysis
WILLIAMS PTNRS (WPZ): Free Stock Analysis
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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).