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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Williams Companies Inc | NYSE:WMB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.13 | 0.34% | 38.67 | 38.89 | 38.425 | 38.67 | 4,420,828 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
Williams Cos. and its partners are no longer pursuing the Constitution Pipeline project.
Williams said in an email that "while Constitution did receive positive outcomes in recent court proceedings and permit applications, the underlying risk adjusted return for this greenfield pipeline project has diminished in such a way that further development is no longer supported."
The project's other owners are Cabot Oil & Gas Corp., Duke Energy Corp. and AltaGas Ltd.
News of the pipeline decision was reported earlier by CNHI.
In its fourth-quarter earnings report Wednesday, Williams said there was a $354 million impairment for the project, of which Williams' 41% share was $145 million.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 22, 2020 00:26 ET (05:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Williams Companies Chart |
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