Summary of WILLIAMS COMPANIES INC

Item 8.01. Other Events
As noted in our Quarterly Report on Form 10-Q for the period ended June 30, 2009, certain of our Venezuela operations are now presented as discontinued operations. These operations consist of the El Furrial and PIGAP II gas compression facilities which were expropriated by the Venezuelan government in May 2009. In this filing, we have revised certain historical financial information originally included in our Annual Report on Form 10-K for the year ended December 31, 2008, and revised in our Current Report on Form 8-K dated May 28, 2009 and certain other historical financial information previously included in our Quarterly Report on Form 10-Q for the period ended March 31, 2009, to reflect the results of operations and financial position of these operations as discontinued operations.
The following items of the Form 8-K have been revised for the discontinued operations described above, to the extent applicable, and are filed as exhibits to this Current Report on Form 8-K:
Х Exhibit 12. Computation of Ratio of Earnings to Fixed Charges for the years ended December 31, 2008, 2007, 2006, 2005, and 2004

Х Exhibit 23.1. Consent of Independent Registered Public Accounting Firm, Ernst & Young LLP

Х Exhibit 99.1

Х Item 6. Selected Financial Data

Х Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Х Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Х Item 8. Financial Statements and Supplementary Data

Х Exhibit 99.2. Schedule II - Valuation and Qualifying Accounts for each of the three years ended December 31, 2008

The following items of the March 31, 2009, Form 10-Q have been revised for the discontinued operations described above, to the extent applicable, and are filed as exhibits to this Current Report on Form 8-K:
Х Exhibit 12. Computation of Ratio of Earnings to Fixed Charges for the three months ended March 31, 2009

Х Exhibit 99.3

Х Item 1. Financial Statements

Х Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Х Item 3. Quantitative and Qualitative Disclosures About Market Risk

The revised items of the Form 8-K and Form 10-Q described above have been updated for the discontinued operations as described above and the Form 10-Q has also been revised to reflect the presentation of certain offsetting revenues and costs and operating expenses on a net, rather than gross, basis (see Note 2 of Notes to Consolidated Financial Statements in Exhibit 99.3). We have not otherwise updated for activities or events occurring after the date these items were originally presented. This Current Report on Form 8-K should be read in conjunction with our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009, and other Current Reports on Form 8-K.

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Item 9.01. Financial Statements and Exhibits
(a) None

(b) None

(d) Exhibits

Exhibit
  No.                                   Description
12        Computations of Ratio of Earnings to Fixed Charges for the years ended
          December 31, 2008, 2007, 2006, 2005, and 2004, and for the three months
          ended March 31, 2009.

23.1      Consent of Independent Registered Public Accounting Firm, Ernst & Young
          LLP.

99.1      Selected Financial Data, Management's Discussion and Analysis of
          Financial Condition and Results of Operations, Quantitative and
          Qualitative Disclosures About Market Risk, and Financial Statements and
          Supplementary Data (Part II, Items 6, 7, 7A, and 8 of our Annual Report
          on Form 10-K for the year ended December 31, 2008, as revised in
          Exhibit 99.1 of our Current Report on Form 8-K dated May 28, 2009).

99.2      Schedule II - Valuation and Qualifying Accounts for each of the three
          years ended December 31, 2008

99.3      Financial Statements, Management's Discussion and Analysis of Financial
          Condition and Results of Operations, and Quantitative and Qualitative
          Disclosures About Market Risk (Part I, Items 1, 2, and 3 of our
          Quarterly Report on Form 10-Q for the period ended March 31, 2009).

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