Williams presses power, petrochemical diversification strategy

Tulsa-based integrated energy firm Williams has formed some innovative agreements that are furthering its diversification into the power and petrochemical sectors. In an arrangement that may prove to be an indicator of future trends, Williams has signed a fuel supply and power marketing agreement with AES Corp., Arlington, Va. Under this second such deal with AES, Williams will supply natural gas to the firm for use in an AES generation unit and will market the plant's electricity output. Meanwhile, Williams Distributed Power Services has signed an agreement with Powercell Corp., Cambridge, Mass., under which Williams will distribute and utilize Powercell's products ...

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