Williams to retain energy trading business

Williams’ announcement comes as most US energy companies are still seeking to distance themselves from energy trading, a trend that resulted from the downfall of Houston energy trader Enron.

Williams cited several reasons for its decision to retain the wholesale power business: the free cashflow generated by the wholesale business; the depressed wholesale power markets’ effect on the marketability of wholesale power assets and contracts; and the company’s progress over the past two years in

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