Williams says Blackstone group to invest $5.34 billion in power projects; shares fall

The Williams Companies

13/07/2026 14:53

** Shares of pipeline operator Williams Companies  WMB.N dips ~2% to $73.81
** Co says consortium led by Blackstone BX.N will invest $5.34 billion for a 49% noncontrolling stake in five of its behind-the-meter power generation projects
** The consortium will provide $4.4 billion representing 49% of expected growth capital expenditures for the projects, along with about $900 million of additional consideration to Williams
** The transaction covers the company's Socrates, Apollo, Aquila, Socrates the Younger and Neo projects, part of a broader pipeline of more than 6 gigawatts of power projects that Williams is developing
** The partnership would help fund the expansion of its Power Innovation business, which has more than 2.6 gigawatts of announced projects
** Including session's moves, WMB up 22.6% YTD

 (Reporting by Dharna Bafna in Bengaluru)
 ((dharna.bafna@thomsonreuters.com))