Williams considers selling its central-U.S. gas pipeline

TULSA, Okla., July 12, 2002 -- Williams recently announced it is considering selling its interstate natural gas pipeline system in the central United States in another definitive step toward strengthening its financial flexibility and developing a more tightly focused portfolio of energy businesses.

The company said that parties have expressed strong interest in the business. The potential buyers for the system, known as Central, were not disclosed and terms of a potential sale are not known at this time.

"This would mark another major accomplishment toward enhancing Williams' financial strength and flexibility, allowing us to more tightly focus our future capital investments," said Steve Malcolm, chairman, president and CEO of Williams. "We remain committed to the interstate natural gas pipeline industry and will focus our efforts there in systems that serve faster-growing markets."

Doug Whisenant, president and CEO of Williams' interstate natural gas pipeline unit, said, "We are focusing our future capital investment in our Northwest Pipeline, Texas Gas and Transco pipeline systems, which serve some of the largest and fastest-growing markets in North America. The markets served by Central are stable and growing at a steady, but slower, pace. The stable performance of this business would be ideal for certain potential buyers."

Williams' 6,000-mile Central system transports natural gas from Kansas, Oklahoma, Texas, Wyoming and Colorado to markets in the Midcontinent. The system's design capacity is 2.3 billion cubic feet per day, with an annual throughput of 337.5 trillion British thermal units. The line has a seasonal storage capacity of 43 Bcf. Central has headquarters in Owensboro, Ky., and has 368 employees located across its office and field locations.

About Williams

Williams moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Okla., Williams' operations span the energy value chain from wellhead to burner tip. Company information is available at www.williams.com .


Sponsored by FLSmidth

Related Articles

Fifth anniversary of Vogtle loan guarantee brings scrutiny of new builds

A former commissioner of the U.S. Nuclear Regulatory Commission (NRC) and a senior fellow said cost overruns at U.S. nuclear builds are putting a damper on the industry, but there is still hope for it as a low-carbon energy generating source.

TVA announces gas-fired, solar power additions to energy portfolio

The Tennessee Valley Authority (TVA) board of directors held a meeting on Feb. 12 to discuss the company’s financial and operational performance, and the addition of cleaner generating sources to TVA’s energy portfolio.

Follow Power Engineering on Twitter

Latest News

Monticello nuclear power plant has increased NRC oversight

NRC continues oversight of Monticello nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) said it will continue increased oversight of the...
Hinkley Point C nuclear power plant lawsuit Germany

German co-op to sue over Hinkley Point C nuclear incentives

A German energy cooperative said it will sue the European Commission over incentives for a nu...
University of Iowa plans steam generating power plant

University of Iowa proposes $75 million power plant

University of Iowa officials are ready to begin planning a steam production plant on the west...
Saudi Arabia South Korea nuclear power cooperation deal memorandum of understanding

Saudi Arabia, S. Korea sign nuclear power deal

Saudi Arabia and South Korea signed a deal to build nuclear power plants in the Kingdom.

W.Va. gov signs bill letting lawmakers OK state carbon plan

Democratic Gov. Earl Ray Tomblin has signed a bill letting lawmakers approve state plans to m...
 Nuclear company Areva in turmoil after billions in losses

Nuclear company Areva in turmoil after billions in losses

Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its enti...
 Electric utility Dominion flexes political muscles in Virginia

Electric utility Dominion flexes political muscles in Virginia

Virginia's 2015 legislative session was a good one for energy giant Dominion Resources Inc. (...
Callaway Energy Center's Replacement Reactor Vessel Closure Head Project

[Image Gallery] Callaway Energy Center Nuclear Power Upgrade Project

Power Engineering Current Issue

01/01/2015
Volume 119, Issue 1
1501pe-cover-lg

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

Oregonians for Sound Fuel Policy Issues Statement After Oregon House passes SB 324

Oregonians for Sound Fuel Policy Issues Statement After Oregon House passes SB 324

CRMI Retools Transition Team; Senior Management Changes Announced; New Stock Transfer Agent Appointed

CRMI Retools Transition Team; Senior Management Changes Announced; New Stock Transfer A...

GulfSlope Energy to Present at the 27th Annual Roth Conference

GulfSlope Energy to Present at the 27th Annual Roth Conference

Will the U.S. Shale Boom Fuel Asia's Economic Future and Europe's Energy Security?

Will the U.S. Shale Boom Fuel Asia's Economic Future and Europe's Energy Security?

American Dryer's eXtremeAir Cold Plasma Clean(R) Technology Kills Influenza A Virus

American Dryer's eXtremeAir Cold Plasma Clean(R) Technology Kills Influenza A Virus

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>