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WILLIAMS TO REALIZE GAIN AS SALE OF LOUISIANA PIPELINE SYSTEM IS COMPLETED

 TULSA, Okla., April 1 /PRNewswire/ -- The Williams Companies Inc. (NYSE: WMB; PSE) announced today the closing of the sale of an intrastate pipeline system and other gas and gas liquids business activities in Louisiana to Enron Gas Services Corp. for approximately $170 million in cash.
 As a result, Williams expects to realize an estimated after-tax gain of $25 million, or approximately 53 cents per share, in the first quarter of this year. The intent to complete the transaction was announced by both Williams and Enron on February 11.
 The Williams Companies, listed on the New York and Pacific stock exchanges under the symbol WMB, operates 26,000 miles of pipelines that transport natural gas and petroleum products, major natural gas gathering and processing facilities, and a national telecommunications company that specializes in serving other carriers and businesses.
 -0- 4/1/93
 /CONTACT: media, Jim Gipson, 918-588-2111; investors, Linda Lawson, 918-588-2087, both of The Williams Companies/
 (WMB)


CO: The Williams Companies Inc.; Enron Gas Services Corp. ST: Oklahoma, Louisiana IN: OIL SU:

TM -- SF013 -- 2227 04/01/93 16:48 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:180
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