On Friday, Shares of Williams Companies, Inc. (NYSE:WMB), gained 1.07% to $53.80.
The Williams Companies, declared that it has placed into service its Rockaway Delivery Lateral and Northeast Connector projects, increasing natural gas delivery capacity to Brooklyn and Queens and assisting New York City meet its clean-air aims.
With a daily delivery capacity of 647,000 dekatherms, the Rockaway Delivery Lateral provides an additional supply-delivery connection between Williams’ Transco transmission pipeline and the National Grid distribution system, which provides local natural gas service to 1.8 million customers in Brooklyn, Queens, Staten Island and Long Island. The Rockaway project adds 3.2 miles of new Transco pipeline and related facilities in New York. The Northeast Connector project comprises of equipment to enhance compression at three existing Transco facilities in New Jersey and Pennsylvania and provides 100,000 dekatherms per day of firm transportation capacity from Transco’s Station 195 in southeastern Pennsylvania to the Rockaway Delivery Lateral.
The projects were developed to assist meet the long-term clean energy needs of New York City while significantly enhancing reliability and serving growth on the National Grid system. The Rockaway Delivery Lateral project was specifically cited in New York City’s PLANYC 2030 as an important part of achieving the city’s aim of eliminating the use of high sulfur fuel oil and realizing some of its clean-air aims.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
At the end of Friday’s trade, Shares of Newfield Exploration Co. (NYSE:NFX), gained 2.90% to $35.54.
Newfield Exploration Company, is planned to present at the UBS Global Oil and Gas Conference, at 8:05 a.m. (Central), May 19, 2015.
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids.
Finally, Kansas City Southern (NYSE:KSU), ended its last trade with 0.40% gain, and closed at $95.27.
Kansas City Southern, Executive Vice President & Chief Financial Officer, Michael Upchurch, will address the Wolfe Research Global Transportation Conference at 3:30 p.m. eastern time on Wednesday, May 20, 2015.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States.
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