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Violation Tracker Individual Record

Company: El Paso Corporation
Current Parent Company: Kinder Morgan
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Penalty: $17,000,000
Year: 2003
Date: March 26, 2003
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary 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 (click here)
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 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: 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.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.