HOUSTON, Sept 05, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- El Paso Corporation (NYSE: EP) announced today that its wholly owned subsidiary, El Paso Natural Gas Company (EPNG), has received Federal Energy Regulatory Commission (FERC) approval of its previously announced rate case settlement.

"I'm pleased that the Commission has approved our settlement of this complex rate case," said James J. Cleary, president of EPNG. "We look forward to building on our long-standing relationship with our customers and enhancing the services EPNG provides to this important growing region."

The settlement resolves significant rate and service issues for a three-year period ending December 31, 2008, and provides a framework for resolution of any outstanding issues.

El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers. For more information, visit http://www.elpaso.com.

Cautionary Statement Regarding Forward-Looking Statements (Update)

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, including, without limitation, the uncertainties associated with governmental regulation; the uncertainty whether the rate case settlement will be finally approved by the Federal Energy Regulatory Commission as filed; and other factors described in the company's (and its affiliates') Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to those filings for additional important factors that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.

SOURCE El Paso Corporation

http://www.elpaso.com