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February 16, 2018
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Williamsis targeting a July startup for the mainline portion of its Atlantic Sunrise project, with the greenfield compression likely taking a few months longer. The original headline in the story, July Start-up of Atlantic Sunrise Delayed; Williams Sticking to 2018 In-Service, suggested the entire project had been delayed, but the pipeline portion may go into service before the greenfield compression, which would immediately make available most of the design capacity. Also, Williams Partners LP fourth quarter and full-year 2017 earnings results were reported, not those of Williams. Williams reported net income in 4Q2017 of $1.7 billion ($2.03/share), up from a $15 million loss (negative 2 cents) in 4Q2016. For 2017, Williams reported net income of $2.174 billion ($2.62/share) versus a $424 million loss (minus 57 cents) in 2016. Distributable cash flow (DCF) was $349 million in 4Q2017, down from $518 million in 4Q2016. For 2017, DCF was $1.44 billion, compared with $1.82 billion in 2016. NGI regrets the error.

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