Thursday, November 12, 2009

Colorado Natural Gas Pipline Opened by Williams

Williams Cos. Inc. said Tuesday that a 26.4-mile natural gas transmission pipeline is in service in the state.

The Tulsa, Okla.-based energy company said that Northwest Pipeline GP, its majority-owned subsidiary, received federal authorization to place the Colorado Connection Hub into service.

The Federal Energy Regulatory Commission granted the authorization.

The pipeline, which can carry about 360,000 dekatherms per day, measures 24 inches in diameter. One dekatherm is equal to 970 cubic feet of natural gas.

The pipeline links the Meeker-White River Hub with the Northwest Pipeline mainline system, which is in an area south of Rangely. The project cost about $60 million.

Phil Wright, president of Williams' gas pipeline business, said completion of the hub makes it “possible for us to connect the Piceance Basin supplies with the markets in the western” United States.

Shares of Williams (NYSE: WMB) were down 4 cents Tuesday to close at $20.14. The company's 52-week high of $20.81 was posted Nov. 10, 2008, with its 52-week low of $9.52 recorded March 6.

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