The Bluegrass Pipeline is being delayed for at least one year. The Williams Company, one of the partners in the project, announced last week that the Bluegrass Pipeline is now scheduled to be in service by mid-2016.
That announcement was included in Williams’ 2013 year-end financial report. According to that report, Williams made a net profit of $859 million in 2012. That dropped to $430 million last year.
I’m no financial analyst, but I suspect a decline in profit of $429 million in one year may have been a factor in the Bluegrass Pipeline delay.