Just as we’ve been reporting about the prospects of Williams Companies attempting a third time for approval of a natural gas pipeline into New York state, the Wall Street Journal reports the Tulsa-based company is in the process of filing permitting paperwork.
The fililng, according to reports, will be with federal energy regulators to resurrect development of the two abandoned natural gas pipeline projects in the state that previously had rejected them.
The projects in question, Constitution and Northeast Supply Enhancement pipelines, would transport natural gas from the Appalachian gas fields into New England. New York Gov. Kathy Hochul denied late last week that she had approved two major gas lines in return for a decision by President Trump to lift his hold on development of an offshore wind farm.
In releasing his freeze on the offshore project, President Trump had urged Williams Cos. to renew development of the Constitution pipeline. But in March, Alan Armstrong, CEO at Williams made it clear he had a vivid memory of being twice denied by New York in 2020. The Constitution pipeline was one of them. It would have sent natural gas from Pennsylvania into New York and surrounding states but it died after New York denied water quality permits in 2020.
“We’re not gonna go putting our neck out until they invite us with the red carpet rolled out,” Armstrong said boldly in an interview with Barron’s during the CERAWeek conference in Houston.
He recalled how Williams lost hundreds of millions of dollars in trying to win approval for development of the two gas lines and at the time of his interview, appeared to be firm in his opposition to resurrect the lines.
“We have so much more demand for gas to the south, so many more projects, that we’re not gonna stick our neck out” to try to invest in the Northeast, he remarked in the Barron’s interview.
New York and other states that make up New England have suffered the inability to locate major data centers which opted to locate in other states, including Oklahoma, Kansas, Texas, Arkansas and Louisiana. The data centers have a great need for power and much of the power is being produed by natural gas-fired electric generators. President Trump especially encouraged construction of the Constitution pipeline in order to lower electricity rates in New York.
What changed? Williams Cos. isn’t giving any indication publicly and has not released any statement or press releases. Its last press release focused on its first quarter adjusted net income of $730 million and 60 cents a share and adjusted EBITDA of $1.989 billion.
“Once again, our base business drove higher earnings for the quarter with recently commissioned Transco projects contributing additional fee-based revenues while our consolidated Crowheart upstream operations also drove growth. As a result of our recent investment in Cogentrix Energy and the continued outperformance of our base business, we are raising our Adjusted EBITDA guidance midpoint by $50 million to $7.7 billion,” said Armstrong in a release.
would shuttle natural gas from Appalachian gas fields throughout the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York.
Williams (NYSE:WMB) reportedly will try again to build the Constitution and Northeast Supply Enhancement pipelines, which would shuttle natural gas from Appalachian gas fields throughout the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York. the the
Williams (NYSE:WMB) reportedly will try again to build the Constitution and Northeast Supply Enhancement pipelines, which would shuttle natural gas from Appalachian gas fields throughout the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York.Constitution and Northeast Supply Enhancement pipelines, which would shuttle natural gas from Appalachian gas fields throughout the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York.
The move suggests a deal was reached between Trump and New York Gov. Kathy Hochul, who spoke by phone earlier this month in a bid to save one of the signature economic development projects of her administration and deliver a promise Trump has made to bring back the dormant pipeline project.
Williams (WMB) first proposed the Constitution Pipeline in 2012 as a 124-mile line to move gas from Appalachia’s shale fields to New York and New Englan, but it pulled the plug on the project in 2020 after years in court fighting New York environmental regulators, who refused to issue a crucial water quality permit.
According to the WSJ report, Williams (WMB) also is filing paperwork to revive its Northeast Supply Enhancement project, which would expand its existing supply lines that run beneath New York Harbor and into New York City; the company stopped pursuing the project last year, seven years after it started.
the Constitution and Northeast Supply Enhancement pipelines, which would shuttle natural gas from Appalachian gas fields throughout the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York.
The move suggests a deal was reached between Trump and New York Gov. Kathy Hochul, who spoke by phone earlier this month in a bid to save one of the signature economic development projects of her administration and deliver a promise Trump has made to bring back the dormant pipeline project.
Williams (WMB) first proposed the Constitution Pipeline in 2012 as a 124-mile line to move gas from Appalachia’s shale fields to New York and New Englan, but it pulled the plug on the project in 2020 after years in court fighting New York environmental regulators, who refused to issue a crucial water quality permit.
According to the WSJ report, Williams (WMB) also is filing paperwork to revive its Northeast Supply Enhancement project, which would expand its existing supply lines that run beneath New York Harbor and into New York City; the company stopped pursuing the project last year, seven years after it started.
the northeast U.S., following President Trump’s decision last week to reverse his stop-work order on a major wind project offshore New York.
The move suggests a deal was reached between Trump and New York Gov. Kathy Hochul, who spoke by phone earlier this month in a bid to save one of the signature economic development projects of her administration and deliver a promise Trump has made to bring back the dormant pipeline project.
Williams (WMB) first proposed the Constitution Pipeline in 2012 as a 124-mile line to move gas from Appalachia’s shale fields to New York and New Englan, but it pulled the plug on the project in 2020 after years in court fighting New York environmental regulators, who refused to issue a crucial water quality permit.
According to the WSJ report, Williams (WMB) also is filing paperwork to revive its Northeast Supply Enhancement project, which would expand its existing supply lines that run beneath New York Harbor and into New York City; the company stopped pursuing the project last year, seven years after it started.
