TULSA, Okla. , Sept. 22 /PRNewswire-FirstCall/ -- Williams (NYSE: WMB) today announced that it has filed an application with the Federal Energy Regulatory Commission to expand its Transco natural gas pipeline to serve markets in the southeastern United States .
New service from the Mobile Bay South project would be available in the second quarter of 2010, subject to FERC approval. The project is designed to create 253,500 dekatherms of southbound, year-round firm transportation capacity on the Mobile Bay Lateral from Transco's mainline at Station 85 near Butler, Ala. , to its interconnect with Gulfstream Natural Gas System in Coden, Ala .
'Combined with our Station 85 North expansion, the Mobile Bay South
project creates over half a billion cubic feet of take-away capacity from
Station 85 to downstream markets,' said
'The Mobile Bay South project will enable us to provide firm southbound transportation service for growing domestic supplies from new pipeline interconnects at Station 85 to markets in Southwest Alabama and Florida , as well as third-party storage facilities. In addition, it will allow us to maintain the current capacity of the lateral to supply our traditional customers through northbound service to Station 85.'
The Mobile Bay South project will require construction of a new 9,470 horse power compressor facility at Station 85 in Choctaw County, Ala. Williams estimates that the project facilities will cost approximately $37 million .
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About Williams (NYSE: WMB)
Williams, through its subsidiaries, finds, produces, gathers, processes and transports natural gas. Williams' operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, and Eastern Seaboard. More information is available at http://www.williams.com. Go to http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.
Contact: Chris Stockton
Williams (media relations)
(713) 215-2010
Richard George
Williams (investor relations)
(918) 573-3679
Portions of this document may constitute 'forward-looking statements' as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the 'safe harbor' protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission.
SOURCE Williams
