Energy traders acknowledge 'round-trip' power deals

Tulsa-based Williams Cos. Inc. has become the latest in a growing number of US energy marketers and traders having to step forward to defend its electricity trading practices to the US Federal Energy Regulatory Commission and other government agencies. Williams was among more than 100 other energy marketing companies-which included Houston-based energy firms Dynegy Inc. and Reliant Resources Inc. and CMS Energy Corp. of Dearborn, Mich.-asked by FERC earlier last month to provide information about so-called "round-trip" electricity trades, especially those sold into California's power grid. The companies had until May 31 to comply with FERC's request, and many in the last few weeks...

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