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Released June 08, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Williams Partners LP (NYSE:WPZ) (Tulsa, Oklahoma) has released a commissioned study showing the economic impact of its proposed Northeast Supply Enhancement natural gas pipeline project. According to the study by researchers at Rutgers University (New Brunswick, New Jersey), the project will generate about $327 million in additional economic activity in Pennsylvania, New Jersey and New York. Industrial Info is tracking three projects linked to the pipeline.
The project is designed to increase natural gas deliveries to New York City in time for the 2019-2020 winter heating season. It is a proposed expansion of the existing Transco pipeline, and would create 400,000 dekatherms per day of gas transmission from Pennsylvania's Marcellus Shale to New York.
According to the study by researchers at Rutgers' Edward J. Bloustein School of Planning and Public Policy, the pipeline would directly and indirectly generate 3,186 jobs during the one-year construction period.
Once operational, the pipeline is expected to result in about $11.1 million in additional annual local property taxes paid by Williams to municipal and county governments, according to the study. New Jersey would benefit the most among the three states impacted by the project, with $63.6 million in additional economic activity during the construction phase, including 499 direct and indirect jobs, $45.6 million in labor income and $3.9 million in local and state taxes.
Jeff Titles, director of the New Jersey Sierra Club, was critical of the study: "This report was bought and paid for by Williams and done by Williams," he said in a statement. "All Rutgers did was put their name on it. There is nothing in this report that is factual nor was any of the figures independently researched."
Williams filed an application for the project in March with the Federal Energy Regulatory Commission (FERC), which has been hamstrung for the past few months due to a lack of a quorum. A Senate committee has voted to advance President Donald Trump's nominees to fill the two FERC vacancies.
For related information, see March 28, 2017, article - Williams Partners Files With FERC for Northeast Gas Pipeline.
Industrial Info is tracking nearly $4 billion in project activity by Williams in the Northeast U.S., which includes New York, New Jersey, Pennsylvania and Delaware. Among them is the Atlantic Sunrise pipeline, which is expected to reach partial service in the second half of 2017 and full service in 2018. The project is designed to deliver 1.7 billion cubic feet per day of natural gas from the Marcellus and Utica shales to markets in the Mid-Atlantic and southeastern states.
Also being tracked is the Constitution pipeline project, which has been ensnared in regulatory and legal battles for over a year in New York. Owned by subsidiaries of Williams Partners LP (NYSE:WPZ) (Tulsa), Cabot Oil & Gas Corporation (NYSE:COG) (Houston, Texas), Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina) and WGL Holdings Incorporated (NYSE:WGL) (Washington, D.C.), the proposed, 124-mile pipeline would connect Appalachian natural gas supplies in northern Pennsylvania with major northeastern markets.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The project is designed to increase natural gas deliveries to New York City in time for the 2019-2020 winter heating season. It is a proposed expansion of the existing Transco pipeline, and would create 400,000 dekatherms per day of gas transmission from Pennsylvania's Marcellus Shale to New York.
According to the study by researchers at Rutgers' Edward J. Bloustein School of Planning and Public Policy, the pipeline would directly and indirectly generate 3,186 jobs during the one-year construction period.
Once operational, the pipeline is expected to result in about $11.1 million in additional annual local property taxes paid by Williams to municipal and county governments, according to the study. New Jersey would benefit the most among the three states impacted by the project, with $63.6 million in additional economic activity during the construction phase, including 499 direct and indirect jobs, $45.6 million in labor income and $3.9 million in local and state taxes.
Jeff Titles, director of the New Jersey Sierra Club, was critical of the study: "This report was bought and paid for by Williams and done by Williams," he said in a statement. "All Rutgers did was put their name on it. There is nothing in this report that is factual nor was any of the figures independently researched."
Williams filed an application for the project in March with the Federal Energy Regulatory Commission (FERC), which has been hamstrung for the past few months due to a lack of a quorum. A Senate committee has voted to advance President Donald Trump's nominees to fill the two FERC vacancies.
For related information, see March 28, 2017, article - Williams Partners Files With FERC for Northeast Gas Pipeline.
Industrial Info is tracking nearly $4 billion in project activity by Williams in the Northeast U.S., which includes New York, New Jersey, Pennsylvania and Delaware. Among them is the Atlantic Sunrise pipeline, which is expected to reach partial service in the second half of 2017 and full service in 2018. The project is designed to deliver 1.7 billion cubic feet per day of natural gas from the Marcellus and Utica shales to markets in the Mid-Atlantic and southeastern states.
Also being tracked is the Constitution pipeline project, which has been ensnared in regulatory and legal battles for over a year in New York. Owned by subsidiaries of Williams Partners LP (NYSE:WPZ) (Tulsa), Cabot Oil & Gas Corporation (NYSE:COG) (Houston, Texas), Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina) and WGL Holdings Incorporated (NYSE:WGL) (Washington, D.C.), the proposed, 124-mile pipeline would connect Appalachian natural gas supplies in northern Pennsylvania with major northeastern markets.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
