Natural gas contract settlement announced between AEP and Williams

Thursday, July 31st 2003, 12:00 am
By: News On 6

(Tulsa-AP) -- American Electric Power Company and Williams Companies has announced a settlement over a dispute about natural gas contracts.

AEP paid Williams $90-million as part of an agreement reached in June.

Williams claims AEP owed it $108-million for natural gas and another $22-million in various fees.

Williams spokesman Kelly Swan says AEP felt it owed the Tulsa-based company nothing.

Swan says the $90-million amount was considered the middle figure.