Violation Tracker Individual Record
Company:
Williams Energy Marketing & Trading
Current Parent Company:
Williams Companies
Penalty:
$417,000,000
Year:
2002
Date:
November 11, 2002
Offense Group:
competition-related offenses
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
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.
