Williams Announces Power Agreement With Jackson Electric Membership Corporation in Georgia

Apr 30, 2001, 01:00 ET from Williams

    TULSA, Okla., April 30 /PRNewswire/ -- A unit of Williams (NYSE:   WMB)
 announced today a 15-year full-requirements power agreement with Jackson
 Electric Membership Corporation (EMC), Jefferson, GA., to manage the
 corporation's existing power resources and load obligation, representing
 requirements of 1,100 megawatts in Georgia.
     Williams will begin serving Jackson's power requirements beginning
 Oct. 1, 2001.  Financial terms of the agreement were not disclosed.
     "Our agreement with Jackson EMC, the third-largest EMC in the U.S.,
 represents our fourth full requirements contract with Georgia EMCs this year.
 Our work with Jackson and other EMCs exemplifies our commitment to manage risk
 for our customers, allowing them to provide price certainty to their members,"
 explained Bill Hobbs, president of Williams energy marketing and trading unit.
     "This long-term contract with Williams provides our members with stable
 rates and power reliability in a highly unpredictable energy market," said
 Randall Pugh, chief executive officer for Jackson EMC.  "We considered other
 alternatives to meet an increased demand for power, including the possibility
 of building additional power generation facilities.  After evaluating the
 cost, benefits and risks associated with all of these plans, we felt long-term
 contracts provided the most benefits to our members."
     Hobbs explained that Williams' growing southeast supply portfolio,
 including the Tenaska Lindsay Hill Generating Station in Alabama and a
 recently announced power generation facility in development near Atlanta would
 serve as support for the new EMCs' load contracts.  Williams completed a long-
 term agreement with Tenaska in January 2000, to supply fuel and market the
 power from a natural gas-fired facility now under construction and scheduled
 to be completed in late spring 2002.  The newly announced Atlanta power
 generation facility, currently in the development phase, is planned for
 operation sometime in 2004.
     Williams energy marketing and trading unit is a national energy services
 provider that buys, sells and transports a full suite of energy and energy-
 related commodities, including power, natural gas, natural gas liquids, crude
 oil and refined products, primarily on a wholesale level.  Utilizing
 sophisticated risk-management tools, Williams has pioneered structured
 solutions such as long-term tolling arrangements and full-requirements
 transactions.
 
     About Jackson EMC
     Jackson EMC serves more than 150,000 residential and commercial consumers
 in Jackson, Hall, Banks, Madison, Clarke, Barrow, Gwinnett, Lumpkin, Franklin
 and Oglethorpe counties in Georgia.  Jackson EMC information is available at
 www.jacksonemc.com.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy,
 delivering innovative, reliable products and services.  Williams information
 is available at www.williams.com.
 
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 

SOURCE Williams
    TULSA, Okla., April 30 /PRNewswire/ -- A unit of Williams (NYSE:   WMB)
 announced today a 15-year full-requirements power agreement with Jackson
 Electric Membership Corporation (EMC), Jefferson, GA., to manage the
 corporation's existing power resources and load obligation, representing
 requirements of 1,100 megawatts in Georgia.
     Williams will begin serving Jackson's power requirements beginning
 Oct. 1, 2001.  Financial terms of the agreement were not disclosed.
     "Our agreement with Jackson EMC, the third-largest EMC in the U.S.,
 represents our fourth full requirements contract with Georgia EMCs this year.
 Our work with Jackson and other EMCs exemplifies our commitment to manage risk
 for our customers, allowing them to provide price certainty to their members,"
 explained Bill Hobbs, president of Williams energy marketing and trading unit.
     "This long-term contract with Williams provides our members with stable
 rates and power reliability in a highly unpredictable energy market," said
 Randall Pugh, chief executive officer for Jackson EMC.  "We considered other
 alternatives to meet an increased demand for power, including the possibility
 of building additional power generation facilities.  After evaluating the
 cost, benefits and risks associated with all of these plans, we felt long-term
 contracts provided the most benefits to our members."
     Hobbs explained that Williams' growing southeast supply portfolio,
 including the Tenaska Lindsay Hill Generating Station in Alabama and a
 recently announced power generation facility in development near Atlanta would
 serve as support for the new EMCs' load contracts.  Williams completed a long-
 term agreement with Tenaska in January 2000, to supply fuel and market the
 power from a natural gas-fired facility now under construction and scheduled
 to be completed in late spring 2002.  The newly announced Atlanta power
 generation facility, currently in the development phase, is planned for
 operation sometime in 2004.
     Williams energy marketing and trading unit is a national energy services
 provider that buys, sells and transports a full suite of energy and energy-
 related commodities, including power, natural gas, natural gas liquids, crude
 oil and refined products, primarily on a wholesale level.  Utilizing
 sophisticated risk-management tools, Williams has pioneered structured
 solutions such as long-term tolling arrangements and full-requirements
 transactions.
 
     About Jackson EMC
     Jackson EMC serves more than 150,000 residential and commercial consumers
 in Jackson, Hall, Banks, Madison, Clarke, Barrow, Gwinnett, Lumpkin, Franklin
 and Oglethorpe counties in Georgia.  Jackson EMC information is available at
 www.jacksonemc.com.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy,
 delivering innovative, reliable products and services.  Williams information
 is available at www.williams.com.
 
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 SOURCE  Williams