Ethanol Business Changes Hands

February 21, 2003 [SolarAccess.com} Williams has signed a definitive agreement to sell its equity interest in Williams Bio-Energy L.L.C. for approximately US$75 million to a new company formed by Morgan Stanley Capital Partners Williams Bio-Energy owns and operates an ethanol production plant in Pekin, Ill., holds a 78.4 percent interest in another plant in Aurora, Neb., and has various agreements to market ethanol from third-party plants. The Pekin and Aurora facilities produce about 135 million gallons of ethanol per year.
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