EnCana Pays $20.5M To Settle State Class Action

By Amanda Ernst (July 26, 2007, 12:00 AM EDT) -- EnCana Corp. and its U.S.-based energy trading unit WD Energy Services Inc. have agreed to pay $20.5 million to put to rest a state court class action alleging the company conspired to artificially raise the price of natural gas in California from 1999 to 2002, the company said in a regulatory filing Thursday.

The state court settlement coincides with EnCana's $2.4 million settlement payment ordered last month by the Judge Philip M. Pro of the U.S. District Court for the District of Nevada in a federal multidistrict litigation involving several energy companies accused of price manipulation.

"Without admitting any liability in...

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