Violation Tracker Individual Record

Company: 
El Paso Corporation
Current Parent Company: 
Kinder Morgan
Penalty: 
$17,000,000
Year: 
2003
Date: 
March 26, 2003
Offense Group: 
competition-related offenses
Primary Offense: 
energy market manipulation
Violation Description: 

The Long Beach City Attorney announced that El Paso Corporation agreed to pay $17 million to settle litigation alleging that the company manipulated the energy market during the 2000-2001 energy crisis. This ended up being part of a $1.45 billion settlement the company later reached with the state government and other localities; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-el-paso-co...

Level of Government: 
local
Action Type: 
agency action
Agency: 
Long Beach (CA) City Attorney
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
California
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 of Data: 

L.B. settles suit against gas firm, Long Beach Press-Telegram, March 26, 2003 (via Nexis).

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.