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
Largest solar co-op installation in Texas begins final testing

Largest Solar Co-Op Installation in Texas Begins Final Testing

CoServ Solar Station, the largest co-op solar installation in Texas, has begun final testing of its 2.7-MW solar farm in the rural north of the state.

Most U.S. nuclear power plants operating at highest level, NRC says

Most US Nuclear Power Plants Operating at Highest Level, NRC Says

A majority of U.S. nuclear power plants are operating at the highest performance levels in the latest mid-cycle assessments from the U.S. Nuclear Regulatory Commission (NRC).

Follow Power Engineering on Twitter
Latest News
Largest solar co-op installation in Texas begins final testing

Largest Solar Co-Op Installation in Texas Begins Final Testing

CoServ Solar Station, the largest co-op solar installation in Texas, has begun final testing ...
Hinkley Point C nuclear plant start delayed

EDF: Hinkley Point C Nuclear Plant Start Date Delayed

France-owned EDF Energy says that the Hinkley Point C nuclear power project will not begin in...
SMEPA Will Buy Power From Second Lamar County Solar Site

SMEPA Will Buy Power from Second Lamar County Solar Site

Origis Energy will build an additional 52 megawatts of solar energy capacity in Sumrall, sell...
Most U.S. nuclear power plants operating at highest level, NRC says

Most US Nuclear Power Plants Operating at Highest Level, NRC Says

A majority of U.S. nuclear power plants are operating at the highest performance levels in th...
09/02 Henry Hub Average Natural Gas Spot Prices

09/02 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...
Federal regulators back keeping Colorado Coal mine open

Federal Regulators Back Keeping Colorado Coal Mine Open

The Office of Surface Mining Reclamation Enforcement issued its decision Tuesday, five days b...
Manitoba Hydro names Darren Rainkie interim president and CEO

Manitoba Hydro Names Interim President and CEO

While it continues to search for a new permanent president and CEO, the Manitoba Hydro-Electr...
Silver Spring Networks, Inc., a developer of software and networking platforms for major utilities, yesterday announced that Michael Bell has been appointed president and CEO of the organization.

Silver Spring Networks Names President and CEO

Silver Spring Networks, Inc., a developer of software and networking platforms for major util...
Power Engineering Current Issue
06/01/2015
Volume 119, Issue 6
file
Products Showcase
Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivered a nuclear reactor vessel head to Electrabel for Unit 4 at the Doel nuclear power plant in Belgium.

GE announces launch of latest aeroderivative gas turbine, LM6000-PF+

GE announces launch of latest aeroderivative gas turbine, LM6000-PF+

GE is launching its latest aeroderivative gas turbine, the LM6000-PF+, which employs technologies from four GE businesses, bringing power online faster and more efficiently than ever before.

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

Yuma Energy, Inc. Declares Monthly Dividend on Its Series A Cumulative Redeemable Preferred Stock

Yuma Energy, Inc. Declares Monthly Dividend on Its Series A Cumulative Redeemable Prefe...

Magnum Hunter Resources Announces Commencement of Employment of New Executive Vice President and Chief Operating Officer

Magnum Hunter Resources Announces Commencement of Employment of New Executive Vice Pres...

Magnum Hunter Resources Receives Continued Listing Standard Notification From NYSE Regarding Common Stock

Magnum Hunter Resources Receives Continued Listing Standard Notification From NYSE Rega...

Perma-Fix Environmental Services to Present at the Rodman & Renshaw 17th Annual Global Investment Conference in New York City

Perma-Fix Environmental Services to Present at the Rodman & Renshaw 17th Annual Global ...

Despite Downturn, Some Suppliers to Oil & Gas Industry Are Growing, an Industrial Info News Alert

Despite Downturn, Some Suppliers to Oil & Gas Industry Are Growing, an Industrial Info ...

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 >>