Violation Tracker Individual Record
Company:
El Paso Corporation
Current Parent Company:
Kinder Morgan
Penalty:
$1,450,000,000
Year:
2003
Date:
June 26, 2003
Offense Group:
competition-related offenses
Primary Offense:
energy market manipulation
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 Parent:
USA
HQ State of Parent:
Texas
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
pipelines
Specific Industry of Parent:
pipelines
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
