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MI - Williams, Canadian pensioner close $3.8B Appalachian JV deal - July 2019
Williams completed the formation with Canada Pension Plan Investment Board in a $3.8 billion gas gathering and processing JV in the western Marcellus and Utica. CPPIB invested $1.33 billion for a 35% stake in the partnership. Williams retains 65% ownership and operates the combined business. The JV owns 100% of the Ohio Valley Midstream and the Utica East Ohio Midstream systems. OVM currently has 216 miles of gathering pipelines and 800 MMcf/d of processing capacity. UEO has two processing plants with a......
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