Midstream - Pipelines
Piedmont Natural Gas Joins Cabot and Williams in Marcellus Pipeline
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Piedmont Natural Gas today announced its equity investment in Constitution Pipeline Company, LLC, a natural gas pipeline project slated to transport natural gas supplies from the prolific Marcellus supply region in northern Pennsylvania to major northeastern markets.
The project is scheduled to be in service by March 2015. Piedmont Natural Gas, through its wholly-owned subsidiary Piedmont Constitution Pipeline Company, LLC, joins Williams Partners L.P. (NYSE: WPZ) and Cabot Oil and Gas Corporation as a 24 percent equity participant in the joint venture, and will invest an estimated $180 million in the new project.
Thomas E. Skains, Piedmont’s Chairman, President, and CEO commented on the Company’s involvement, “Piedmont’s equity participation in the Constitution Pipeline project…
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