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CM - Williams realizes $1.33B in proceeds from JV formation - June 2019



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It’s official. Williams is now in business with Canadian pensioners as their $3.8 billion joint venture is finalized. The US pipeline owner and operator received about $1.33 billion from the Canada Pension Plan Investment Board for a 35% stake in Williams’ owned and operated Ohio Valley Midstream and its Utica East Ohio pipeline systems. The joint venture excludes Williams’ ownership stakes in Flint Gathering, Cardinal Gathering, Marcellus South Gathering, Laurel Mountain Midstream and Blue Racer Midstream, the company said. Williams retains......
 
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