Violation Tracker Individual Record

Company: 
Williams Energy Marketing & Trading
Current Parent Company: 
Williams Companies
Penalty: 
$417,000,000
Year: 
2002
Date: 
November 11, 2002
Primary Offense: 
energy market manipulation
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
Private Lawsuit Resolution Type: 
settlement
HQ Country of Parent: 
USA
HQ State of Parent: 
Oklahoma
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.