El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
ANR Pipeline Announces Open Season for Deliveries to Western Ohio
HOUSTON, Nov. 18 /PRNewswire-FirstCall/ -- ANR Pipeline Company, a
subsidiary of El Paso Corporation (NYSE: EP), announced today a non-binding
open season to determine customer interest in contracting for additional
transportation capacity along ANR Pipeline's existing natural gas pipeline
system to current and new delivery points in western Ohio.
The Western Ohio Project is primarily intended to serve growth markets in
western Ohio by providing incremental access to multiple supply areas,
including Canada and the Rocky Mountains, which historically have been limited
or unavailable to these markets. Natural gas supplies can be sourced from
ANR's multiple receipt points within the Joliet Hub near Chicago, the Mid-
continent region, the Gulf Coast, or ANR's storage fields in Michigan. The
proposed project will provide shippers with new delivery points, pipeline
extensions, and potential increased capacity on the current ANR pipeline
system in this region.
"As natural gas supplies from the Rocky Mountains and western Canada
assume a greater role in the overall North American natural gas supply mix,
access to these proven reserves will become increasingly important for these
markets," said James J. Cleary, president of ANR Pipeline Company. "ANR's
Western Ohio Project will benefit shippers by providing direct access to the
widest variety of supply sources available to customers in western Ohio."
Cleary also noted that the Western Ohio Project would build upon ANR's history
of serving Ohio markets by developing new laterals and interconnections as
necessary to serve growth markets in Ohio.
The open season will be held from Nov. 18, 2002 through Dec. 13, 2002.
For additional information or to obtain an open season package, interested
parties may contact John Hampton of ANR Pipeline at (832) 676-4892 or via e-
mail at firstname.lastname@example.org .
El Paso's ANR Pipeline Company operates a 10,500-mile interstate natural
gas pipeline providing transportation, storage and capacity-related services
to customers in the United States and Canada.
El Paso Corporation is North America's leading provider of natural gas
services. The company has core businesses 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 to communities around the world. For more
information, visit 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 presentation,
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 El Paso Corporation and its affiliates, or where
operations of the Company and its affiliates are located; the uncertainties
associated with governmental regulation; political and currency risks
associated with international operations of the Company and its affiliates;
inability to realize anticipated synergies and cost savings associated with
mergers and acquisitions on a timely basis; difficulty in integration of the
operations of previously acquired companies, competition, 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.
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SOURCE El Paso Corporation
/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/
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