Columbia Pipeline Group Inc. (CPG) (NYSE: CPGX) and Columbia Pipeline Partners LP (NYSE: CPPL) (together, "Columbia") have received a certificate from the US Federal Energy Regulatory Commission (FERC) authorizing Columbia Gas Transmission LLC to construct and operate the Utica Access Project in West Virginia.
The Utica Access Project will be placed in service in the fourth quarter of 2016 and deliver up to 205 million cubic feet per day of Utica supply to the highly liquid Columbia Gas, Appalachia Pool.
Columbia also announced that Columbia Gas has formally filed a certificate application with FERC for its WB XPress Project in West Virginia and Virginia. The $850 million WB XPress Project will deliver up to 1.3 billion cubic feet per day of Appalachian supply to expanding Mid-Atlantic markets, along with Gulf Coast markets, via a downstream, third-party interstate pipeline expansion from an existing interconnect in West Virginia.
Pending FERC authorization, Columbia expects to begin WB XPress construction in 2017 and to place the project in service in the second half of 2018.