Williams Partners gets OK for Transco pipeline expansion

Williams Partners (WPZ) receives federal approval to expand Transco, the largest U.S. natural gas pipeline system, to serve Dominion Resources' (D) new 1,358 MW gas power plant in Virginia and help replace generating capacity from retiring coal-fired plants.

Of the total expanded capacity, more than 90% will serve Dominion Virginia Power's new power plant, and the rest will serve Piedmont Natural Gas' (PNY) local distribution business in North Carolina.

The $300M expansion is part of $2.2B of Transco growth projects WPZ plans to bring into service by 2017.

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