Study shows Williams impact on Oklahoma as company seeks aid

(Tulsa-AP) -- A new study shows Tulsa-based Williams contributed roughly $628-million to Oklahoma's economy before a huge asset sell-off and the loss of 1,000 jobs. <br><br>The Tulsa Metropolitan Chamber

Thursday, January 30th 2003, 12:00 am

By: News On 6

(Tulsa-AP) -- A new study shows Tulsa-based Williams contributed roughly $628-million to Oklahoma's economy before a huge asset sell-off and the loss of 1,000 jobs.

The Tulsa Metropolitan Chamber of Commerce plans to use the Oklahoma State University study to press state and local leaders to help the energy giant.

Williams would benefit under legislation proposed by state Representatives Larry Rice and Darrell Gilbert, both Tulsa Democrats.

The measure would provide incentives if Williams shifts 577 jobs from Houston to Tulsa. It also would increase the dollar level at which the Oklahoma Development Finance Authority is allowed to issue bonds, giving Williams and other qualifying companies access to cash at low interest rates.

Williams avoided possible bankruptcy in July by selling off assets and obtaining credit.

It remains $14-billion in debt.