Williams Inks Multiyear Pipeline Services Deal with Eversource
(P&GJ) — Williams Industrial Services Group Inc. has entered into a master service agreement (MSA) with Eversource Energy, a major New England utility based in Hartford, Connecticut effective September 16, 2022.
The MSA covers natural gas pipeline services in Connecticut and other locations, as may be agreed upon, over a period of three years with a two-year optional extension. Specifically, Williams will be tasked with the installation, maintenance, repair and other services associated with the natural gas distribution systems covered under this agreement. Additional terms were not disclosed.
“I’m pleased to announce this multiyear contract with Eversource, an important step forward regarding our strategic decision to enter the critical transmission and distribution market,” Tracy Pagliara, president and CEO of Williams, said. “This area is experiencing dynamic growth through substantial investments to upgrade and expand the national energy grid, funded by the major capital budgets of our utility customers and supplemented by future federal spending from the recently enacted Infrastructure Investment and Jobs Act. This contract will enhance Williams’ gross margin profile and overall performance in the coming quarters.”
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Comments