Williams Suspends Capital Investments In Bluegrass Pipeline - Quick Facts

(RTTNews) - Williams Companies, Inc. (WMB) said it has suspended capital investments in the Bluegrass Pipeline, a proposed natural-gas-liquids project, mainly responding to an insufficient level of firm customer commitments. The firm continues to be in alks with potential customers on the scale and timing of demand for services and the required firm contractual commitments that would support any future capital investments.

The project, in which Williams is a joint-venture partner, is designed to connect natural gas liquids produced in the Marcellus-Utica areas in the U.S. Northeast with domestic and export markets in the U.S. Gulf Coast. The Bluegrass Pipeline represents a strong long-term solution in the marketplace.

Williams continues to exercise capital discipline as it pursues projects that garner solid market support, strengthen its cash-flow growth and deliver advantaged connections between large supply areas and growing demand centers.