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Williams reveals natural gas trade reporting inaccuracies. (News).
TULSA, OK Williams Cos. revealed on October 25 that it had learned that some traders in its natural gas trading business provided inaccurate information regarding natural gas trades to an energy industry publication that compiles and reports index prices.
The Williams news follows recent similar announcements from American Electric Power and Dynegy Inc.
The inaccuracies came to light during Williams' independent, internal review of its trading activities. Williams said it informed the Commodity Futures Trading Commission (CFTC) and other governmental authorities about its investigation and will continue to cooperate fully with those entities' inquiries and investigations.
Williams said it is continuing its internal review in conjunction with the CFTC's ongoing industry-wide investigation to determine the extent of the ...
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