OK Univ. Forms $10M Weather Research Alliance
Page, David, THE JOURNAL RECORD
A unit of Williams on Monday announced a $10 million strategic alliance with the University of Oklahoma.
The alliance was developed to enhance weather and climate research, technology development, and undergraduate and graduate meteorology education.
The commercial arrangement is the largest of its kind in the United States between a private corporation and a university meteorology program, according to Keith E. Bailey, chairman, president and CEO of Tulsa-based Williams. The agreement will allow OU to expand its top-tier meteorology programs while Williams receives exclusive weather analysis and forecasting tools.
This will give Williams a globally competitive advantage in energy marketing and trading, Bailey said.
This alliance provides Williams access to weather research and technology that is dramatically superior to traditional government weather services and customized to Williams' unique needs, he said. With weather being the number one driver of volatility in gas and power markets, we expect to see a significant return on our investment. …