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Strategies & Market Trends : Value Investing

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To: LauA who wrote (14569)	6/6/2002 11:10:27 AM
From: geoffrey Wren	Read Replies (1) of 78747

Re: California suing EP Technically it is the subsidiaries who are being sued. Also, there is a large $8B claim in under the FERC, while which is not technically a lawsuit, is certainly a significant legal proceeding. Don't know how much of that $8B claim is against EP. "California has launched lawsuits against several of the state's biggest power generators, including subsidiaries of El Paso Corp (NYSE:EP - News) and Williams Cos Inc (NYSE:WMB - News)." biz.yahoo.com "At the same time, however, the commission backed California's claim that El Paso Corp (NYSE:EP - News) had engaged in "unjust and unreasonable" shipping practices by blocking competing energy providers from the pipeline that delivers up to 45 percent of Southern California's natural gas." biz.yahoo.com

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