Williams partners with Blackstone-led group on USD 5.34 billion funding for Power Innovation projects

• Williams agreed to a Power Innovation joint venture backed by Blackstone Credit & Insurance, with Apollo, KKR-managed insurance vehicles.
• Partners to invest USD 5.34 billion for a 49% noncontrolling stake in five behind-the-meter power projects; Williams keeps 51% control.
• Commitment includes USD 4.4 billion toward growth capex plus about USD 900 million of additional consideration to Williams.
• Structure aims to cut capital exposure, limit corporate debt, support a 3.5x-4.0x long-term leverage target; 2026 leverage midpoint guided at 3.6x.
• Williams holds a buyout right in years 7-14 priced at Blackstone’s outstanding investment balance, preserving long-term upside.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Williams Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260713151245) on July 13, 2026, and is solely responsible for the information contained therein.