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SECURITIES AND EXCHANGE COMMISSION
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): February 25, 2004
The Williams Companies, Inc.
| Delaware | 1-4174 | 73-0569878 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 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 7. Financial Statements, Pro Forma Financial Information and Exhibits. | ||||||||
| Item 9. Regulation FD Disclosure. | ||||||||
| INDEX TO EXHIBITS | ||||||||
| Press Release | ||||||||
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
| a) | None | |||
| b) | None | |||
| c) | Exhibits | |||
Exhibit 99.1
|
Copy of The Williams Companies’ (“Williams”) press release dated February 25, 2004, publicly reporting the matters discussed herein, furnished pursuant to Item 9. |
Item 9. Regulation FD Disclosure.
On February 25, 2004, Williams issued a press release publicly reporting that it has reached agreement on terms to settle with two California utilities resolving outstanding disputes, including refund liability, related to natural gas and power markets in 2000 and 2001. A copy of the press release is furnished as Exhibit 99.1 to this report.
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: February 26, 2004 | /s/ Brian K. Shore | |||
| Name: | Brian K. Shore | |||
| Title: | Secretary | |||
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INDEX TO EXHIBITS
| EXHIBIT | ||
| NUMBER |
DESCRIPTION |
|
99.1
|
Copy of Williams’ press release dated February 25, 2004, publicly reporting the matters discussed herein. |
| News Release |  |
NYSE: WMB
Date: Feb. 25, 2004
Williams and California Utilities Reach Agreement on Settlement Terms
TULSA, Okla. – Williams (NYSE:WMB) today announced it has reached agreement on terms to settle with two California utilities resolving outstanding disputes, including refund liability, related to natural gas and power markets in 2000 and 2001.
The expected earnings impact of the settlement with Pacific Gas and Electric Company and Southern California Edison Company was reflected in Williams’ fourth-quarter 2003 financial results.
Upon the filing of definitive agreements, the settlement will be subject to approval by the Federal Energy Regulatory Commission, the California Public Utilities Commission and U.S. Bankruptcy Court (PG&E).
About Williams (NYSE:WMB)
Williams, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. Williams’ gas wells, pipelines and midstream facilities are concentrated in the Northwest, Rocky Mountains, Gulf Coast and Eastern Seaboard. More information is available at www.williams.com.
Contact:
|
Brad Church Williams (media relations) (918) 573-3332 |
|
| Travis Campbell Williams (investor relations) (918) 573-2944 |
||
| Courtney Baugher Williams (investor relations) (918) 573-5768 |
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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.