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Violation Tracker Individual Record

Company: El Paso Corporation
Current Parent Company: Kinder Morgan
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $1,450,000,000
Year: 2003
Date: June 26, 2003
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: energy market manipulation
Mega-Scandal: Western Energy Crisis
Violation Description: State negotiators in California finalized a settlement with El Paso Corporation that would provide $1.45 billion in relief to electricity and gas ratepayers. The deal resolved an investigation of the company's role in the California energy crisis of 2000-2001. Approximately $92 million of the settlement went to the states of Oregon, Washington and Nevada.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pipelines
Specific Industry of Current Parent: pipelines
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.