We closely monitored the evolving market and made every effort to participate in a way that was fair and legal, ... Williams does not have and it never has had strategies to engage in illegal or improper market behavior. In fact, Williams prohibited its traders from selling power outside California for resale into California for the purpose of evading the state's price caps even though we did not conclude that the activity was illegal.  -   Steve Malcolm     Quotes
We closely monitored the evolving market and made every effort to participate in a way that was fair and legal, ... Williams does not have and it never has had strategies to engage in illegal or improper market behavior. In fact, Williams prohibited its traders from selling power outside California for resale into California for the purpose of evading the state's price caps even though we did not conclude that the activity was illegal. Steve Malcolm