El Paso Settles For $100M In Fine, Improvements

Law360, New York (July 26, 2007, 12:00 AM EDT) -- El Paso Natural Gas Company will pay a $15.5 million penalty and improve its Natural Gas Pipeline System to the tune of an additional $86 million as part of its settlement with the federal government for a 2000 pipeline explosion that killed 12 people, the U.S. Department of Justice announced Thursday.

Colorado Springs-based El Paso entered into a consent decree with the DOJ, which filed the suit in conjunction with the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration, according to the DOJ....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.