Oil, Gas and Consumable Fuels
Company Overview of Transcontinental Gas Pipe Line Company, LLC
Transcontinental Gas Pipe Line Company, LLC engages in the interstate transportation of natural gas in the United States. The company owns a natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Pennsylvania, and New Jersey to the New York City metropolitan area. It primarily serves public utilities and municipalities that provide service to residential, commercial, industrial, and electric generation end users; and shippers, such as public utilities, municipalities, intrastate pipelines, direct industrial users, electrical generators, and gas marketers and producers. The ...
2800 Post Oak Boulevard
Houston, TX 77056
Founded in 1946
Key Executives for Transcontinental Gas Pipe Line Company, LLC
Vice President and Treasurer
Senior Vice President and Director
Controller and Assistant Treasurer
Vice President, Director and Member of Management Committee
Compensation as of Fiscal Year 2014.
Transcontinental Gas Pipe Line Company, LLC Key Developments
Transcontinental Gas Pipe Line Company, LLC Asks for FERC Authorization for Its Virginia Southside II Natural Gas Pipeline Expansion Project
Mar 24 15
In a March 23 application, Williams Partners LP's Transcontinental Gas Pipe Line Co. LLC asked FERC to issue an order granting it a certificate to build and operate the estimated $190.8 million project, also referred to as VSEP II. Transco requested the final order by January 2016, which the company said would let it accommodate the needs of the project shipper and meet a Dec. 1, 2017, in-service date. Virginia Power Services Energy Corp. Inc. will acquire all of the project's transportation capacity. Virginia Power Services is an affiliate of Virginia Electric and Power Co. and a direct subsidiary of Dominion Resources Inc. The firm transportation service will be provided under Rate Schedule FT of Transco's FERC gas tariff and blanket certificate. The VSEP II project would provide 165,000 Dth/d of incremental firm transportation service from Transco's Zone 6 Station 210 pooling point on its mainline in Mercer County, N.J., and 85,000 Dth/d from its Zone 5 Station 165 pooling point in Pittsylvania County, Va., for a total of 250,000 Dth/d to a proposed delivery point on its Greensville lateral, located near milepost 5.2 on Transco's Brunswick lateral. The project would involve construction of just over 4 miles of green fields, 24-inch-diameter pipeline facilities, and the addition of 21,830 horsepower of gas-turbine-driven compression and 25,000 horsepower of electric-motor-driven compression, plus the installation and modification of related facilities.
Transcontinental Pipeline Files Application with Federal Energy Regulatory Commission for its Dalton Expansion Project
Mar 23 15
The Williams Companies Inc. has announced that Transcontinental Pipeline, or Transco, has filed an application with the Federal Energy Regulatory Commission, for its Dalton Expansion Project, which would reportedly support providing Marcellus shale gas to the southeast for electricity generation and local natural gas distribution. Transco has executed long-term agreements with shippers for 100% of the 448,000 dekatherms of firm transportation capacity to be created under the Dalton Expansion Project. The project will consist of an expansion of Transco's mainline from its Station 210 in New Jersey to points as far south as Holmesville, Miss., and a new 111-mile lateral pipeline from Transco's Station 115 to Murray County, Ga. Also included in the expansion is a new compressor facility in Carroll County, Ga., as well as three new metering facilities and other related pipe and valve modifications to existing facilities.
Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC Enter into Second Amended & Restated Credit Agreement with Citibank
Feb 3 15
On February 2, 2015, Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC entered into a second amended & restated credit agreement with Citibank, N.A. as administrative agent. The restated credit agreement amends and restates that certain first amended & restated credit agreement, dated as of July 31, 2013 (as amended prior to February 2, 2015, the existing credit agreement) among Williams Partners L.P., Northwest, Transco, Citi as administrative agent, and the lenders named therein. The restated credit agreement increases the aggregate commitments available to the borrowers by $1 billion and extends the maturity date to February 2, 2020. Additionally, the restated credit agreement lowers, in certain cases, the applicable margin and commitment fees payable by each borrower based on such borrower's senior unsecured debt ratings. The incremental commitments are increased commitments from lenders named in the existing credit agreement as well as new commitments from institutions party to the restated credit agreement. After giving effect to the restated credit agreement, the borrowers may borrow, in the aggregate, up to $3.5 billion under the restated credit agreement. Northwest and Transco are each subject to a $500 million borrowing sublimit. In addition, the surviving partnership may request an increase of up to an additional $500 million in commitments from either new lenders or increased commitments from existing lenders named in the restated credit agreement. However, at no time may the aggregate commitments under the restated credit agreement exceed $4.0 billion. The restated credit agreement allows for same day swingline borrowings up to an aggregate amount of $150 million, subject to other utilization of the aggregate commitments under the restated credit agreement. Furthermore, the borrowers may request an extension of the maturity date for an additional one-year period up to two times, to allow a maturity date as late as February 2, 2022, subject to certain conditions.
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