SEC Seeks Data From Williams Cos.
Bloomberg News
Williams Cos., already facing a probe on sham energy transactions, was asked by the Securities and Exchange Commission for information on energy-trading cash reserves, revenue and volumes.
The commission also asked for information June 24 on earnings from energy transactions in California and other Western markets, natural gas pipeline owner Williams said in a regulatory filing.
Williams and rivals such as Dynegy Inc. and Reliant Resources Inc. had been asked by the SEC for information on “round-trip” trades. Regulators are investigating whether some traders manipulated power and natural gas prices during California’s energy crisis.
Shares of Williams, based in Tulsa, Okla., closed down 9 cents at $2.53 on the NYSE.
