-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HUd7raKEYDjnSlHoHIy2Un22lJOSyuNrwCgRfJKn40OKtKsl/zaB7BkgBAi9XlN3 hh3Ml3EWXj5XD0S0SL/g3g== 0000950134-02-011321.txt : 20020917 0000950134-02-011321.hdr.sgml : 20020917 20020916183004 ACCESSION NUMBER: 0000950134-02-011321 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020916 ITEM INFORMATION: FILED AS OF DATE: 20020917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS COMPANIES INC CENTRAL INDEX KEY: 0000107263 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 730569878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04174 FILM NUMBER: 02765342 BUSINESS ADDRESS: STREET 1: ONE WILLIAMS CTR CITY: TULSA STATE: OK ZIP: 74172 BUSINESS PHONE: 9185732000 MAIL ADDRESS: STREET 1: ONE WILLIAM CENTER CITY: TULSA STATE: OK ZIP: 74172 FORMER COMPANY: FORMER CONFORMED NAME: WILLIAMS BROTHERS COMPANIES DATE OF NAME CHANGE: 19710817 8-K 1 d99853e8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 16, 2002 ------------------ The Williams Companies, Inc. ---------------------------- (Exact name of registrant as specified in its charter) Delaware 1-4174 73-0569878 --------------- --------------- ------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) One Williams Center, Tulsa, Oklahoma 74172 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 918/573-2000 ------------ Not Applicable (Former name or former address, if changed since last report) Item 9. Regulation FD Disclosure. The Williams Companies, Inc. wishes to disclose for Regulation FD purposes its press release dated September 16, 2002, filed herewith as Exhibit 99. Pursuant to the requirements of the Securities Exchange Act of 1934, Williams has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE WILLIAMS COMPANIES, INC. Date: September 16, 2002 /s/ Suzanne H. Costin ----------------------------------------- Name: Suzanne H. Costin Title: Corporate Secretary INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------ ----------- 99 Copy of Williams' press release dated September 16, 2002.
EX-99 3 d99853exv99.txt PRESS RELEASE DATED SEPTEMBER 16, 2002 EXHIBIT 99 [WILLIAMS LOGO] NEWS RELEASE NYSE: WMB Leading Energy SOLUTIONS ================================================================================ DATE: Sept. 16, 2002 CONTACT: Chris Stockton Jay Henderson Richard George Williams (media relations) Williams (investor relations) Williams (investor relations) (713) 215-2010 (918) 573-3879 (918) 573-3679 Christopher.l.stockton@williams.com jay.henderson@williams.com richard.george@williams.com
WILLIAMS REACHES $555 MILLION AGREEMENT TO SELL CENTRAL PIPELINE TULSA, Okla. - Williams (NYSE:WMB) announced today that it has signed a definitive agreement to sell its Central natural gas pipeline to Southern Star Central Corp for $380 million in cash and assumption of $175 million in debt. The purchaser is a corporation owned by AIG Highstar Capital, L.P. The sale is expected to close within 60 days, subject to completion of Hart-Scott-Rodino review. Steve Malcolm, chairman, president and chief executive officer, said, "This is a significant transaction that demonstrates the steps we are taking to strengthen our balance sheet and build a more select base of energy companies for the future. Reaching this agreement is a compliment to the highly talented workforce that has operated this pipeline for Williams." The 6,000-mile Central Pipeline, with headquarters in Owensboro, Ky., transports natural gas from Kansas, Oklahoma, Texas, Wyoming and Colorado to markets in the Midwest. The system's design capacity is 2.3 billion cubic feet per day, with an annual throughput of 337.5 trillion British thermal units. Approximately 450 employees support the pipeline system. "Williams remains committed to the interstate natural gas pipeline industry. We will be focusing on our Transco, Northwest and Texas Gas systems," said Doug Whisenant, who leads Williams' interstate natural gas pipeline unit. "We believe that our recent and near-term investments in expansions of the Transco and Northwest systems will provide an earnings potential comparable to what we lost from our two gas systems sold this year." Following the completion of the Central sale, Williams' subsidiaries will wholly own and operate 20,400 miles of natural gas pipeline, comprised of the Transco, Northwest and Texas Gas systems. Williams also placed the 581-mile Gulfstream natural gas pipeline in service in May. Gulfstream is a joint venture between Williams and Duke Energy serving the Florida market. Williams said it expects the sale of Central to reduce its capital expenditure requirements by approximately $50 million over the next 16 months. The company also plans to recognize a pre-tax loss of approximately $90 to $95 million from the sale in the third-quarter. About Williams (NYSE: WMB) Williams moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Okla., Williams' operations span the energy value chain from wellhead to burner tip. Company 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. -----END PRIVACY-ENHANCED MESSAGE-----