FW: Cash Out Indices - December

-----Original Message-----
From: CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent: Monday, December 31, 2001 11:07 AM
Subject: Cash Out Indices - December - 2001

December 31, 2001

To: Transcontinental Gas Pipe Line Corporation Customers
and Shippers

Re: Cash Out Indices - December 2001

FT AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2930 1.8650 2.6200
Zone 2 2.3285 1.9000 2.6700
Zone 3 2.3640 1.9350 2.7200
Zone 4 2.3771 1.9463 2.7347
Zone 5 2.4353 1.9961 2.7998
Zone 6 2.4823 2.0363 2.8524

IT AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2930 1.8650 2.6200
Zone 2 2.3285 1.9000 2.6700
Zone 3 2.3640 1.9350 2.7200
Zone 4 2.4178 1.9870 2.7754
Zone 5 2.6210 2.1818 2.9855
Zone 6 2.7765 2.3305 3.1466

FTG AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2930 1.8650 2.6200
Zone 2 2.3285 1.9000 2.6700
Zone 3 2.3640 1.9350 2.7200
Zone 4 2.4449 2.0141 2.8025
Zone 5 2.7448 2.3056 3.1093

AVG. BUY SELL
------ ------ ------
FTNT 2.3820 1.9600 2.7200

For information concerning cash out transactions, please contact
Casilda Vasquez at (713)215-4504.

Stella Yu
Manager - Rate Systems
(713)215-3381