FERC orders El Paso market power case reopened

01/07/2002
The Federal Energy Regulatory Commission late last month reopened an investigation into whether a unit of El Paso Corp. manipulated the natural gas market in California last year.FERC Chief Administrative Law Judge Curtis Wagner Oct. 9 ruled El Paso didn´t drive up natural gas prices by withholding capacity on its pipeline into California, but he determined company affiliates engaged in "blatant collusion" in sharing shipping information.The state of California and utilities Pacific Gas & Electric Co. and Edison International accused El Paso of driving up gas prices in the state last winter. They claim inflated prices cost Californians an extra $3.7 billion for gas. El Pas...
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