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Violation Tracker Individual Record

Company: Williams Energy Marketing & Trading
Current Parent CompanyDevon Energy
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Penalty: $417,000,000
Year: 2002
Date: November 11, 2002
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: energy market manipulation
Mega-ScandalWestern Energy Crisis
Violation Description: Williams Energy Marketing & Trading agreed to a $417 million settlement of allegations that it illegally priced its energy and unjustly profited by double-selling its electricity. California was the primary plaintiff but the attorneys general of Washington and Oregon also participated in the case and received shares of the settlement.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Oklahoma
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.