FW: January 2002 Cash Out Indices

-----Original Message-----
From: CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent: Monday, January 28, 2002 3:12 PM
Subject: January 2002 Cash Out Indices

January 28, 2002

To: Transcontinental Gas Pipe Line Corporation Customers
and Shippers

Re: Cash Out Indices - January 2002

FT AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2975 2.2300 2.4700
Zone 2 2.3069 2.1650 2.5075
Zone 3 2.3163 2.0850 2.5450
Zone 4 2.3292 2.0969 2.5589
Zone 5 2.3864 2.1496 2.6206
Zone 6 2.4327 2.1923 2.6705

IT AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2975 2.2300 2.4700
Zone 2 2.3069 2.1650 2.5075
Zone 3 2.3163 2.0850 2.5450
Zone 4 2.3699 2.1376 2.5996
Zone 5 2.5721 2.3353 2.8063
Zone 6 2.7269 2.4865 2.9647

FTG AVG. BUY SELL
------ ------ ------ ------
Zone 1 2.2975 2.2300 2.4700
Zone 2 2.3069 2.1650 2.5075
Zone 3 2.3163 2.0850 2.5450
Zone 4 2.3970 2.1647 2.6267
Zone 5 2.6959 2.4591 2.9301

AVG. BUY SELL
------ ------ ------
FTNT 2.3225 2.0900 2.5500

For information concerning cash out transactions, please contact
Jane Yang at (713)215-3462.

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