Specifically, ANR Pipeline and We Energies have successfully renegotiated multiple firm transportation, storage, and related natural gas service contracts. In total, ANR will provide 866,500 dekatherms per day of service starting in 2003 under contracts of various terms extending to 2010.

Key to the portfolio is ANR's ability to provide service both directly into We Energies' distribution system, as well as through the Guardian Pipeline via a new interconnection near Joliet, Illinois, a major pipeline Hub. This arrangement will ship the gas through Guardian Pipeline to various interconnections with We Energies' system and will free up additional transportation capacity on ANR Pipeline to the benefit of Wisconsin energy users. This newly available capacity will be used, for example, by ANR's recently announced WestLeg Project to serve local utility needs and electric power growth markets in Wisconsin.

"Months of cooperative effort between our companies has culminated in the signing of these agreements, allowing ANR Pipeline to continue its important relationship with We Energies, our largest customer," said James J. Cleary, president of ANR Pipeline Company. "ANR will provide a broad portfolio of competitively priced services designed to meet We Energies' specific needs, featuring long-term rate stability and flexibility."

"We are pleased to continue our long-standing relationship with ANR," said Richard Grigg, We Energies president and chief operating officer. "These agreements will translate into significant cost savings for our customers."

The agreements have been approved by the Public Service Commission of Wisconsin and the Federal Energy Regulatory Commission.

El Paso Corporation is the leading provider of natural gas services and the largest pipeline company in North America. The company has leading positions in natural gas production, gathering and processing, and transmission, as well as liquefied natural gas transport and receiving, petroleum logistics, power generation, and merchant energy services. El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy. For more information, visit www.elpaso.com .

We Energies, the principal utility subsidiary of Wisconsin Energy Corp., serves more than one million electric customers and more than 970,000 natural gas customers throughout Wisconsin and Michigan's Upper Peninsula. Visit the company's Web site at http://www.we-energies.com . Learn about Wisconsin Energy Corp. by visiting http://www.WisconsinEnergy.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 companies have 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, changes in commodity prices for oil, natural gas, and power; general economic and weather conditions in geographic regions or markets served by the companies and their affiliates, or where operations of the companies and their affiliates are located; the uncertainties associated with governmental regulation; the uncertainties associated with regulatory proceedings, appeals from regulatory proceedings, and any related litigation; political and currency risks associated with international operations of the companies and their affiliates; inability to realize anticipated synergies and cost savings associated with mergers and acquisitions or restructurings on a timely basis; difficulty in integration of the operations of previously acquired companies; competition; the successful implementation of the Balance Sheet Enhancement Program and the Strategic Repositioning Plan; and other factors described in the companies' (and their affiliates') Securities and Exchange Commission filings. While the companies makes these statements and projections in good faith, neither the companies nor their management can guarantee that anticipated future results will be achieved. Reference should be made to those filings for additional important factors that may affect actual results. The companies assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the companies, whether as a result of new information, future events, or otherwise.

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CONTACT:          Communications and Government Affairs, Norma F. Dunn, Senior
                  Vice President, +1-713-420-3750, or fax, +1-713-420-3632, or Investor
                  Relations, Bruce L. Connery, Vice President, +1-713-420-5855, or fax,
                  +1-713-420-4417, both of El Paso Corporation; or Megan McCarthy, Media
                  Relations of We Energies, +1-414-221-4444, or fax, +1-414-221-2821
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