Market Overview

Williams Announces FERC Approval of Transco Project to Serve Growing Demand for Natural Gas in Northeastern U.S.

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Williams (NYSE:WMB) announced today that the Federal Energy Regulatory
Commission (FERC) has issued a certificate of public convenience and
necessity authorizing the Rivervale South to Market project – an
expansion of the existing Transco natural gas pipeline to meet the
growing heating and power generation demand for northeastern consumers.

The Rivervale South to Market project will create 190,000 dekatherms per
day of firm transportation capacity to serve Direct Energy Business
Marketing, LLC and UGI Energy Services, LLC in time for the 2019/2020
winter heating season (enough natural gas to meet the daily needs of
about 1 million homes).

"The demand for clean, reliable, and low-cost natural gas continues to
climb, particularly in northeastern markets like New Jersey and New York
City," said Micheal Dunn, chief operating officer of Williams. "The
region has made tremendous strides in improving air quality due
primarily to the conversion from fuel oil to natural gas. The Rivervale
South to Market project will further propel this progress in a manner
that minimizes environmental impacts by maximizing the use of our
existing Transco infrastructure."

According to the U.S. Environmental Protection Agency (EPA), increased
utilization of natural gas has resulted in U.S. carbon dioxide emissions
declining 13 percent since 2005, while overall greenhouse gas emissions
are at their lowest levels since 1992.

The Rivervale South to Market project will consist of uprating 10.35
miles of existing Transco pipeline, adding a 0.61-mile pipeline loop, as
well as upgrades and modifications to existing facilities, all in New
Jersey.

Following the receipt of all necessary regulatory approvals, Williams
anticipates beginning construction on the Rivervale South to Market
project in early 2019.

Transco delivers natural gas to customers through its 10,200-mile
pipeline network whose mainline extends nearly 1,800 miles between South
Texas and New York City. The system is a major provider of
cost-effective natural gas services that reach U.S. markets in 12
Southeast and Atlantic Seaboard states, including major metropolitan
areas in New York, New Jersey and Pennsylvania.

About Williams

Williams (NYSE:WMB) is a premier provider of large-scale infrastructure
connecting U.S. natural gas and natural gas products to growing demand
for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams
is an industry-leading, investment grade C-Corp with operations across
the natural gas value chain including gathering, processing, interstate
transportation and storage of natural gas and natural gas liquids. With
major positions in top U.S. supply basins, Williams owns and operates
more than 33,000 miles of pipelines system wide – including the nation's
largest volume and fastest growing pipeline – providing natural gas for
clean-power generation, heating and industrial use. Williams' operations
touch approximately 30 percent of U.S. natural gas. 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 and quarterly reports
filed with the Securities and Exchange Commission.

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