HOUSTON, Dec. 10 /PRNewswire-FirstCall/ -- Colorado Interstate Gas, a subsidiary of El Paso Corporation (NYSE: EP), today announced the development of a new natural gas pipeline project that extends from Wyoming to Kansas. The Cheyenne Plains Pipeline will serve markets in the midwest with connections to mid-continent pipelines near Greensburg, Kansas. The fully subscribed pipeline is scheduled to be in service by mid-2005.

"We are pleased with the support this project has received, as evidenced by long-term contracts for the full capacity of the pipeline project," said Patricia A. Shelton, president of the Western Pipeline Group for El Paso Corporation. "We are excited to be able to provide an outlet for the growing supply of Rocky Mountain natural gas to markets in the midwest region of the United States."

The 30-inch pipeline will be able to deliver 540 million cubic feet of natural gas per day. Colorado Interstate expects to file an application for a certificate with the Federal Energy Regulatory Commission in the spring of 2003.

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 .

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, 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; the uncertainties associated with regulatory proceedings, appeals from regulatory proceedings, and any related litigation; competition; the successful implementation of the Balance Sheet Enhancement Program and the Strategic Repositioning Plan; 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 should 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.

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SOURCE El Paso Corporation

-0- 12/10/2002

/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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