-----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, Fl7bTOXGNsiF5WxDN9831PZS6B9yIhVNdpTsuFvdT6g/xHQ0W837LruhkefdXLE6 apIEZjqdnhU/bHqUGjwDXw== 0000950134-02-013873.txt : 20021112 0000950134-02-013873.hdr.sgml : 20021111 20021112155226 ACCESSION NUMBER: 0000950134-02-013873 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20021108 ITEM INFORMATION: FILED AS OF DATE: 20021112 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: 02817217 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 d01173e8vk.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): November 8, 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 releases dated November 8, 2002 and November 11, 2002, filed herewith as Exhibits 99.1 and 99.2, respectively. 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: November 12, 2002 /s/ Suzanne H. Costin ------------------------------------ Name: Suzanne H. Costin Title: Corporate Secretary INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Copy of Williams' press release dated November 8, 2002. 99.2 Copy of Williams' press release dated November 11, 2002.
EX-99.1 3 d01173exv99w1.txt PRESS RELEASE DATED NOVEMBER 8, 2002 EXHIBIT 99.1 - ------------------------------- - ------------------------------- NOVEMBER 08, 2002 WILLIAMS WILL RESPOND TO GOVERNMENT INQUIRY TULSA, OKLA. -- Williams (NYSE:WMB) said it has received a subpoena today for information related to its participation in the California energy market. Williams received the subpoena from the U.S. Attorney in the Northern District of California as part of a grand jury investigation. Williams will cooperate with the U.S. Attorney's request, as it has with other government organizations inquiring into similar issues. 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. - -------------------------------------------------------------------------------- CONTACT INFORMATION: Kelly Swan Williams Media Relations 918-573-6932 kelly.swan@williams.com Richard George Williams Investor Relations 918-573-3679 richard.george@williams.com
EX-99.2 4 d01173exv99w2.txt PRESS RELEASE DATED NOVEMBER 11, 2002 EXHIBIT 99.2 - --------------------------- - --------------------------- NOVEMBER 11, 2002 WILLIAMS SOLIDIFIES LONG-TERM POWER CONTRACT WITH CALIFORNIA; ADDS GAS CONTRACT UNDER BROAD AGREEMENT SETTLEMENT RESOLVES OUTSTANDING LITIGATION, REFUND ISSUES TULSA, OKLA. -- Williams (NYSE:WMB) announced today that it has agreed to restructure its long-term energy contracts with California as part of a broad settlement intended to resolve the state's outstanding litigation and civil claims against Williams related to power markets. Williams expects other parties, including Washington, Oregon and private class action plaintiffs, to join the settlement. "Williams has continuously worked with California to provide fair solutions that meet the state's energy needs. We were the first and only company to propose temporary price caps. We did an emergency pipeline expansion to increase the supply of natural gas delivered to the state. We continued to sign long-term power contracts last year despite the purchasers' credit issues. "And we came back to the table this year ready to do the right thing for everyone involved. Today's settlement is the result of the productive dialogue we've had with California officials since we reached an agreement in principle in July," said Steve Malcolm, chairman, president and chief executive officer. The new energy contracts and the settlement have been endorsed by the California Department of Water Resources, the office of the governor, the California attorney general, the California Public Utilities Commission, the Electricity Oversight Board and representatives for civil litigants. On the renegotiated commercial transactions with California, Williams has: o Agreed to increase maximum power supplies through 2010 from 1,400 to 1,875 megawatts. o Provided more flexibility for California to determine when power is dispatched. o Reached a long-term natural gas sale through 2010 of 1.2 to 1.8 million MMBtus per month. o Been released from outstanding power refund issues with the settling parties. "From a business perspective, we've been able to preserve the value we have for our long-term energy contracts with California," Malcolm said. "And once the settlement goes into effect, it will improve our opportunity to sell or assign all or a portion of our California portfolio. Our goal is to reduce the financial risk and liquidity requirements related to our energy marketing and risk management business." Under the settlement, Williams has agreed to: o Pay cash considerations of $150 million over eight years. o Contribute six generating turbines. o Assist the attorney general's office with ongoing investigations into the electric power and gas markets. The settlement is subject to various conditions, including certain court and Federal Energy Regulatory Commission approvals, and the completion of due diligence by the California attorney general. Malcolm added, "From a practical standpoint, the settlement ends numerous legal entanglements. We're now within reach of bringing closure to these issues with the settling parties. It's important for us to move forward as a company so that we can devote our attention to finding, producing, gathering, processing and transporting natural gas." 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. - -------------------------------------------------------------------------------- CONTACT INFORMATION: Kelly Swan Williams Media Relations 918-573-6932 kelly.swan@williams.com Richard George Williams Investor Relations 918-573-3679 richard.george@williams.com
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