Advertisement
YOU ARE HERE: LAT HomeCollectionsEl Paso Merchant Group Company
IN THE NEWS

El Paso Merchant Group Company

FEATURED ARTICLES
NEWS
May 24, 2001 | RICARDO ALONSO-ZALDIVAR, TIMES STAFF WRITER
The head of a Houston energy company denied driving California natural gas prices to unprecedented levels and testified Wednesday that his firm actually passed up an opportunity to make nearly $700 million in additional profits. But the company still earned a net profit of $184 million on an initial investment of $38.5 million, according to testimony by El Paso Merchant Group President Ralph Eads in a trial-like hearing before the Federal Energy Regulatory Commission.
ARTICLES BY DATE
NEWS
May 24, 2001 | RICARDO ALONSO-ZALDIVAR, TIMES STAFF WRITER
The head of a Houston energy company denied driving California natural gas prices to unprecedented levels and testified Wednesday that his firm actually passed up an opportunity to make nearly $700 million in additional profits. But the company still earned a net profit of $184 million on an initial investment of $38.5 million, according to testimony by El Paso Merchant Group President Ralph Eads in a trial-like hearing before the Federal Energy Regulatory Commission.
Los Angeles Times Articles
|