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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Don England who wrote (82423)12/21/2000 10:36:46 PM
From: Think4Yourself  Read Replies (1) of 95453
 
Oh great! Now the lawyers are getting involved...

biz.yahoo.com

El Paso Energy Responds to Lawsuits
HOUSTON, Dec. 21 /PRNewswire/ -- El Paso Energy Corporation (NYSE: EPG - news), through its spokesperson, Norma F. Dunn, today issued the following statement regarding two lawsuits that were filed on December 18 in California alleging a conspiracy between certain El Paso affiliates and certain California utilities:

``It is our usual policy to refrain from commenting on pending litigation; however, in light of the attempts made by plaintiffs' attorneys to garner wide-spread publicity for these lawsuits, we feel it is necessary to issue a public and unequivocal denial of their claims. Neither El Paso Energy Corporation nor any of its affiliates have been or are now engaged in any illegal activities, alone or in combination with any other parties, to increase energy prices or create energy shortages in California. Claims that El Paso has caused or contributed to the present energy crisis in California are false, and the recently filed lawsuits have no factual or legal basis. A simple review of publicly available information reveals the inaccuracy of many of the allegations.''

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