Williams (WMB) Abandons NESE Project Over Environmental Dispute

The Williams Companies, Inc. (WMB) has decided not to proceed with the Northeast Supply Enhancement (NESE) project. Transcontinental Gas Pipeline Company LLC (Transco), a subsidiary of Williams, had proposed the construction of a system of 26 and 42inch diameter natural gas pipeline stretching from Pennsylvania through New Jersey to a transfer point about three miles offshore from the Rockaway Peninsula in Queens, New York. The project was aimed to serve a gas utility, National Grid.Per Williams’ claims, co ...