Zach Krause, East Daley Analytics
June 18, 2025
“Long shelved by legal setbacks, the Constitution Pipeline and Northeast Supply Enhancement (NESE) projects have been thrust back into the spotlight thanks to vocal backing from President Trump. Williams (WMB) has revived hope that each project could finally clear critical approvals, though we suspect only one is truly viable if WMB can thread the political needle. . . .
Despite the President’s backing, East Daley Analytics is skeptical the Constitution project will ever get off the ground. . . . [H]gh baseload and peak-day usage coupled with nearly full contractual commitments means there is virtually no latent capacity available.”