SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



        Date of Report (Date of earliest event reported): March 25, 2002
                                                          --------------



                          The Williams Companies, Inc.
                          ----------------------------
             (Exact name of registrant as specified in its charter)



        Delaware                     1-4174               73-0569878
        --------                ---------------      -------------------
      (State or other             (Commission         (I.R.S. Employer
      jurisdiction of             File Number)        Identification No.)
      incorporation)



           One Williams Center, Tulsa, Oklahoma             74172
           ------------------------------------             -----
         (Address of principal executive offices)         (Zip Code)



        Registrant's telephone number, including area code: 918/573-2000
                                                            ------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)


                                       1




Item 5.    Other Events.

         On March 25, 2002, The Williams Companies, Inc. (NYSE:WMB) announced it
and MidAmerican Energy Holdings Company had entered into exclusive negotiations
on a long-term agreement to supply fuel, assets and risk management services to
Nevada Power Co. Any agreement will require the approval of the Public Utilities
Commission of Nevada.

Item 7.    Financial Statements and Exhibits.

           Williams files the following exhibit as part of this report:

           Exhibit 99.1  Copy of Williams' press release dated March 25, 2002,
                         publicly announcing the matters reported herein.

           Pursuant to the requirements of the Securities Exchange Act of 1934,
Williams has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                   THE WILLIAMS COMPANIES, INC.


Date: March 27, 2002               /s/ Suzanne H. Costin
                              -------------------------------------------
                                   Name:  Suzanne H. Costin
                                   Title: Corporate Secretary


                                       2




                                INDEX TO EXHIBITS



EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
               
99.1              Copy of Williams' press release dated March 25, 2002, publicly
                  announcing the matters reported herein.