Williams Signs Contracts to Serve Growth in Mid-Atlantic

TULSA, Okla., Jan. 22 /PRNewswire-FirstCall/ -- A unit of Williams (NYSE: WMB) announced today that it has executed precedent agreements for a proposed Transco pipeline expansion project to provide an additional 142,000 dekatherms of incremental firm natural gas transportation capacity to serve growing markets in the Mid-Atlantic region by November 2012.

The Mid-Atlantic Connector expansion project is designed to provide service on Williams' Transco natural gas pipeline from an interconnection with East Tennessee Natural Gas in Rockingham County, N.C., to delivery points as far north as Maryland. Other supply points in the path of the project include interconnects with Columbia Gas Transmission, Dominion Transmission and Dominion Cove Point.  

"This project demonstrates how our Transco pipeline is well-positioned to serve its customers' growing needs for clean-burning natural gas while providing access to a diverse mix of supply sources," said Phil Wright, president of Williams' natural gas pipeline business.  "It's another example of Transco expansions that are timed and sized to meet the market demand."

Subject to approval by the Federal Energy Regulatory Commission and other agencies, the proposed expansion will consist of approximately three miles of pipeline looping and upgrades to existing compressor facilities in Virginia. The capital cost of the project is estimated to be $55 million.

The Transco pipeline is a 10,000-mile pipeline system which transports natural gas to markets throughout the northeastern and southeastern United States. The current system capacity is approximately 8.6 billion cubic feet per day.

About Williams (NYSE: WMB)

Williams, through its subsidiaries, finds, produces, gathers, processes and transports natural gas.  Williams' operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, and Eastern Seaboard. More information is available at http://www.williams.com.  Go to http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.

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.

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