Agreement reached in Attorney General's Energy Investigation
OLYMPIA -- Attorney General Christine Gregoire announced today that El Paso Corp. will pay Washington state $23 million to resolve state claims that it manipulated market prices for natural gas and abused its position in the natural gas market.
The settlement is between El Paso Corp. and its subsidiaries and affiliates, and the states of Washington, Oregon, California and Nevada, as well as numerous private litigants and other parties.
The total cash settlement is $665 million. It will be paid over 20 years.