Williams will partner with the Canada Pension Plan Investment Board in a
$3.8 billion gas gathering and processing JV in the western Marcellus and Utica shale
plays under an agreement announced March 18. CPPIB will pay $1.34 billion for a 35%
stake in the JV, with Williams holding the rest and remaining operator. The
transaction gives Williams cash for its $2.7-2.9 billion growth capex budget
and debt reduction, while CPPIB adds a midstream stake that complements
a nearly $2 billion......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.