Violation Tracker Individual Record

Company: 
El Paso Corporation
Current Parent Company: 
Kinder Morgan
Penalty: 
$1,450,000,000
Year: 
2003
Date: 
June 26, 2003
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.