El Paso Announces Cypress Pipeline Project

Apr 26, 2001, 01:00 ET from El Paso Corporation

    HOUSTON, April 26 /PRNewswire/ -- Southern Natural Gas Company, a
 subsidiary of El Paso Corporation (NYSE:   EPG), announced today that it has
 filed a certificate application with the Federal Energy Regulatory Commission
 (FERC) seeking authorization to construct and operate the Cypress Pipeline
 system in Southeastern Georgia and Florida for an estimated cost of
 $240 million.  Cypress Natural Gas Company, a subsidiary of Southern Natural
 Gas, will provide this region with additional pipeline capacity and access to
 an important new natural gas supply source.
     The 166-mile pipeline will be capable of transporting 310 million cubic
 feet of natural gas per day from El Paso's liquefied natural gas (LNG)
 receiving terminal at Elba Island in Savannah, Georgia to interconnections
 with Southern Natural's South Georgia Lateral; Florida Gas Transmission
 Company (a jointly owned subsidiary of El Paso and Enron Corporation); Atlanta
 Gas Light near Brunswick, Georgia; and Jacksonville Electric Authority's new
 Brandy Branch generating plant near Jacksonville, Florida.  Construction is
 scheduled to begin in the third quarter of 2002, and the pipeline's projected
 in-service date is June 1, 2003.
     "Cypress provides needed infrastructure for continued economic development
 and growth in Southern Georgia and Northern Florida," said Jim Yardley,
 president of Southern Natural Gas Company.  "Demand is increasing for natural
 gas-fired power generation in this region, and the proximity of the Elba
 Island LNG facility enables us to serve this demand cost effectively."
     El Paso Corporation, the largest and most broadly based natural gas
 company in the world, spans the energy value chain from wellhead to electron.
 With an enterprise value in excess of $50 billion, El Paso is a leader in
 every phase of the natural gas industry.  The company owns and operates a
 significant portion of the North American natural gas delivery grid, operates
 the fastest growing, most sophisticated energy merchant group, and is the
 nation's third largest natural gas producer.  El Paso, a leader in risk
 management techniques, is focused on maximizing shareholder value,
 transforming existing markets, and speeding the development of new markets.
 Visit El Paso at www.elpaso.com.
 
           CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
 
     This release includes forward-looking statements and projections, made in
 reliance on the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  The company has made every reasonable effort to ensure
 that the information and assumptions on which these statements and projections
 are based are current, reasonable, and complete.  However, a variety of
 factors could cause actual results to differ materially from the projections,
 anticipated results or other expectations expressed in this release.  While
 the company makes these statements and projections in good faith, neither the
 company nor its management can guarantee that the anticipated future results
 will be achieved.  Reference should be made to the company's (and its
 affiliates') Securities and Exchange Commission filings for additional
 important factors that may affect actual results.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X47732518
 
 

SOURCE El Paso Corporation
    HOUSTON, April 26 /PRNewswire/ -- Southern Natural Gas Company, a
 subsidiary of El Paso Corporation (NYSE:   EPG), announced today that it has
 filed a certificate application with the Federal Energy Regulatory Commission
 (FERC) seeking authorization to construct and operate the Cypress Pipeline
 system in Southeastern Georgia and Florida for an estimated cost of
 $240 million.  Cypress Natural Gas Company, a subsidiary of Southern Natural
 Gas, will provide this region with additional pipeline capacity and access to
 an important new natural gas supply source.
     The 166-mile pipeline will be capable of transporting 310 million cubic
 feet of natural gas per day from El Paso's liquefied natural gas (LNG)
 receiving terminal at Elba Island in Savannah, Georgia to interconnections
 with Southern Natural's South Georgia Lateral; Florida Gas Transmission
 Company (a jointly owned subsidiary of El Paso and Enron Corporation); Atlanta
 Gas Light near Brunswick, Georgia; and Jacksonville Electric Authority's new
 Brandy Branch generating plant near Jacksonville, Florida.  Construction is
 scheduled to begin in the third quarter of 2002, and the pipeline's projected
 in-service date is June 1, 2003.
     "Cypress provides needed infrastructure for continued economic development
 and growth in Southern Georgia and Northern Florida," said Jim Yardley,
 president of Southern Natural Gas Company.  "Demand is increasing for natural
 gas-fired power generation in this region, and the proximity of the Elba
 Island LNG facility enables us to serve this demand cost effectively."
     El Paso Corporation, the largest and most broadly based natural gas
 company in the world, spans the energy value chain from wellhead to electron.
 With an enterprise value in excess of $50 billion, El Paso is a leader in
 every phase of the natural gas industry.  The company owns and operates a
 significant portion of the North American natural gas delivery grid, operates
 the fastest growing, most sophisticated energy merchant group, and is the
 nation's third largest natural gas producer.  El Paso, a leader in risk
 management techniques, is focused on maximizing shareholder value,
 transforming existing markets, and speeding the development of new markets.
 Visit El Paso at www.elpaso.com.
 
           CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
 
     This release includes forward-looking statements and projections, made in
 reliance on the safe harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  The company has made every reasonable effort to ensure
 that the information and assumptions on which these statements and projections
 are based are current, reasonable, and complete.  However, a variety of
 factors could cause actual results to differ materially from the projections,
 anticipated results or other expectations expressed in this release.  While
 the company makes these statements and projections in good faith, neither the
 company nor its management can guarantee that the anticipated future results
 will be achieved.  Reference should be made to the company's (and its
 affiliates') Securities and Exchange Commission filings for additional
 important factors that may affect actual results.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X47732518
 
 SOURCE  El Paso Corporation