Wrongdoing

Without conceding any wrongdoing on its part, El Paso Electric Co. (EPE) has agreed to pay $14 million and lose the right for market-based trading for two years as part of a settlement with FERC trial staff that resolves issues arising from the agency’s investigation into the company and Enron Corp. [EL02-113-000]. The settlement was disclosed by the staff in written testimony filed Thursday.

Without conceding any wrongdoing on its part, El Paso Electric Co. (EPE) has agreed to pay $14 million as part of a settlement with FERC trial staff that resolves issues arising from the agency’s investigation into the company and Enron Corp. [EL02-113-000]. The settlement was disclosed by the staff in written testimony filed Thursday.

Without admitting any wrongdoing, Transwestern Pipeline has entered into a stipulation and consent agreement with FERC to resolve the agency’s concerns about a $550 million loan that the regulated pipeline secured to help bail out its parent, Enron Corp., just weeks before Enron collapsed into bankruptcy last year.

Without admitting any wrongdoing, Transwestern Pipeline has entered into a stipulation and consent agreement with FERC to resolve the agency’s concerns about a $550 million loan that the regulated pipeline secured to help bail out its parent, Enron Corp., just weeks before Enron collapsed into bankruptcy last year.

Failing to concede any wrongdoing on its part, Northern Natural last week entered into a stipulation and consent agreement with FERC to resolve the agency’s concerns about a $450 million loan that the regulated pipeline secured to help bail out its then-parent, Enron Corp., just before Enron sank into bankruptcy last year. Northern Natural signed the agreement with FERC Chief Accountant John Delaware and the Office of General Counsel’s Market Oversight and Enforcement section.

Oklahoma Natural Gas Co. has been cleared by the OklahomaCorporation Commission of any wrongdoing regarding how it evaluatestransmission service bids for ONG customers, but the company thatfiled the original complaint — Enogex — is appealing thebidding process to the Oklahoma Supreme Court.