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FERC Reinstates Certificate for Transco's Regional Energy Access Expansion

1. FERC reinstates certificate for Transco's Regional Energy Access Expansion. 2. The project enhances gas supply to New Jersey, New York, Pennsylvania, and Maryland. 3. Transco set an all-time peak demand record of 19.17 Bcf/d recently. 4. Natural gas demand spikes during cold conditions shows Transco's vital role.

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FAQ

Why Bullish?

FERC's approval boosts WMB's operational capabilities and market position, historically linked to stock price increases.

How important is it?

The reinstated certificate supports future revenue growth, which is critical for investor outlook.

Why Long Term?

The infrastructure improvement supports sustained growth in gas demand, influencing long-term stock performance.

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NYSE: WMBNYSE: TRPNYSE: EPD
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that the Federal Energy Regulatory Commission (FERC) issued an Order on Remand Reinstating Certificate and Abandonment Authorization to Transco for the Regional Energy Access Expansion (REA) late Friday, Jan. 24, 2025. The Order reinstates the certificate for REA as issued in its original certificate order and will take effect immediately upon the issuance of the mandate by the D.C. Circuit Court of Appeals. “Williams appreciates FERC’s swift action at a time when natural gas infrastructure is being called on to reliably deliver at record volumes. The recent bitter cold conditions across the Northeast are an important reminder of the vital role transmission pipelines play in delivering the natural gas necessary to keep millions of Americans warm, safe and secure,” said Alan Armstrong, president and chief executive officer of Williams. The REA project provides critical access to gas supplies, easing supply constraints, and delivering reliable service to customers in New Jersey, New York, Pennsylvania, and Maryland, with the capacity to provide enough natural gas to serve approximately 4.4 million homes annually. Recently, natural gas volumes on Transco have surged due to frigid temperatures, in addition to normal demand in the power and industrial sectors. This led Transco to achieve another all-time peak day on Jan. 23, 2025, with a total volume of 19.17 Bcf/d. About Williams Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably, and responsibly meeting growing energy demand. We use our 33,000-mile pipeline infrastructure to move a third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future – by powering the global economy while delivering immediate emissions reductions within our natural gas network and investing in new energy technologies. Learn more at www.williams.com. Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC.

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