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    Williams holds open season for Transco Pipeline’s Diamond East project

    Williams

    Williams (NYSE: WMB) is initiating an open season from Aug. 26 to Sept. 23 for the Diamond East project, an expansion of the Transco interstate pipeline to provide firm natural gas transportation capacity to markets in the northeastern US by mid-2018. Transco is a wholly owned subsidiary of Williams Partners LP (NYSE: WPZ), of which Williams owns controlling interests and is the general partner.

    The Diamond East project is being designed to provide up to one billion cubic feet per day of new natural gas transportation capacity from receipt points along its Leidy Line in Lycoming County, Pennsylvania, and Luzerne County, Pennsylvania, to its Market Pool at Station 210 in Mercer County, New Jersey, where it can provide supply diversity to Transco's northeast market, including existing Pennsylvania, New Jersey, and New York local distribution companies and power generators.

    Diamond East will consist of additional compression and selected pipeline loop segments along the existing Transco pipeline corridor. Although the final capacity, scope and cost of the project will be determined by the results of the open season, it is anticipated that the project will include 50 miles of pipeline looping and horsepower additions at existing Transco compressor facilities. The capital investment for Diamond East is estimated to be between $500 million to $800 million, depending on customer participation and volume commitments.

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