U.S. pipeline operator Williams Companies said on Wednesday it plans to invest about $3.1 billion in two additional power-innovation projects.
The company also said it would raise its 2025 capital spending plan by $875 million to be between $3.45 billion and $3.75 billion.
With U.S. power demand rising, utilities are adding billions to capital plans to upgrade the grid and related infrastructure.
The transaction is expected to close in the first half of 2027.
(Reporting by Katha Kalia in Bengaluru; Editing by Tasim Zahid)