Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: El Paso Corporation
Current Parent CompanyKinder 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: 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 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.