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

Check out these highlights during Power Generation Week

More than 22,000 industry professionals from around the world gathered in Orlando for Power Generation Week, where innovative and cost-effective solutions for maintaining, operating and building new power generation were shared. More than 1,400 exhibiting companies from every sector of the industry showcased their products and services on the exhibit floor.

RES Americas, PSE to develop battery storage project

Puget Sound Energy (PSE) and Renewable Energy Systems Americas Inc. (RES Americas) have announced plans to launch a battery storage project in Whatcom County, Washington.

Follow Power Engineering on Twitter
Latest News
SunPower acquires solar power projects in California

SunPower acquires 1.5-GW of solar power projects

SunPower (Nasdaq: SPWR) acquired 1.5-GW of U.S. solar power plant developments from Australia...
EDP Renewables wind farm in Maine

Plan to build New England's largest wind farm moving forward

A Texas company is pushing forward with an effort to build a massive wind power project in Ar...
Alamo Solar power project in California

E.ON Solar completes PV project in California

E.ON Solar, a unit of E.ON SE, completed the 20-MW Alamo Solar project in California.

East Kentucky Power Cooperative

East Kentucky Power Cooperative wants to buy lease on 594-MW Bluegrass plant

East Kentucky Power Cooperative applied July 24 with the Kentucky Public Service Commission f...
American Wind Energy Association AWEA 2Q report

AWEA reports U.S. wind industry installed 1,661 MW in the second quarter

The domestic wind industry in the United States installed 1,661 MW in the second quarter of t...
Deepwater offshore wind project Associated Press

Construction begins on nation's first offshore wind farm

Construction has begun off Rhode Island's coast on the nation's first offshore wind farm.

IMP begins construction on first solar facility

American Electric Power’s (AEP) Indiana Michigan Power (IMP) will soon begin construction on ...

Canadian Solar finishes much of 100-MW Ontario power project

Canadian Solar (Nasdaq: CSIQ), said that its subsidiary, Canadian Solar Solutions Inc., subst...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
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

Power Industry Wire News

Itronics Reports First Half 2015 GOLD'n GRO Fertilizer Sales; Modest Revenue Decline on Increased Volume

Itronics Reports First Half 2015 GOLD'n GRO Fertilizer Sales; Modest Revenue Decline on...

Apprion Extends the Ion Mustering Application With Ion Mobile Mustering for Flexible, Portable Mustering Stations

Apprion Extends the Ion Mustering Application With Ion Mobile Mustering for Flexible, P...

Scorpio Bulkers Inc. Announces Financial Results for the Second Quarter of 2015

Scorpio Bulkers Inc. Announces Financial Results for the Second Quarter of 2015

KACO new energy to Provide Battery Converters and Energy Storage Systems Using Ideal Power's Power Conversion Systems

KACO new energy to Provide Battery Converters and Energy Storage Systems Using Ideal Po...

Advanced Insulation Materials More Than Double to $1.9 Billion in 2019

Advanced Insulation Materials More Than Double to $1.9 Billion in 2019

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 >>