Misrepresented

Industry Brief

New Mexico’s Public Regulation Commission (PRC) on Tuesday issued a warning to natural gas consumers about scam artists who have misrepresented themselves as New Mexico Gas Co. representatives offering to restore utility service for a fee. New Mexico was caught in the extreme cold gripping the Southwest earlier this month, causing well freeze-offs and compressor failures due to power outages (see Daily GPI, Feb. 7). As a result, gas deliveries were curtailed to thousands of customers in New Mexico, Arizona and Southern California supplied through El Paso Natural Gas and Transwestern Pipeline. In New Mexico, where 24,000 customers had their gas services cut off, the PRC commissioners reported that scam artists emerged in the Espanola, NM, area. “Sadly, some unsavory individuals use emergency situations like this recent storm to prey on unsuspecting consumers,” said PRC Vice Chairman Jerome Block, who urged gas consumers to contact local law enforcement authorities if they are approached by someone trying to restore gas service for a fee. The PRC said most gas service had been restored in the Taos area, but outages remained in the Espanola area.

February 11, 2011

Kinder Morgan Faces Class Action Lawsuit

A class action lawsuit alleging that KN Energy Inc., now KinderMorgan Inc., violated federal securities laws, committed fraud andmisrepresented itself has been filed in U.S. District Court for theDistrict of Colorado by a Denver law firm. Dyer & Shuman LLPsaid it had filed the lawsuit on March 8 on “behalf of persons whopurchased or otherwise acquired the shares of KN EnergyInc…between March 19, 1997 and March 9, 1999.”

July 3, 2000

Kinder Morgan Faces Class Action Lawsuit

A class action lawsuit alleging that KN Energy Inc., now KinderMorgan Inc., violated federal securities laws, committed fraud andmisrepresented itself has been filed in U.S. District Court for theDistrict of Colorado by a Denver law firm. Dyer & Shuman LLPsaid it had filed the lawsuit on March 8 on “behalf of persons whopurchased or otherwise acquired the shares of KN EnergyInc…between March 19, 1997 and March 9, 1999.” Kinder Morgan hadno comment on the lawsuit.

June 30, 2000