El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
28-Oct-2003
El Paso Pipeline Group Recognized By EPA as Transmission Partner of the YearHOUSTON, Oct 28, 2003 /PRNewswire-FirstCall via COMTEX/ -- El Paso Corporation's
(NYSE: EP) Pipeline Group was recognized by the United States Environmental
Protection Agency (EPA) as the 2003 Natural Gas STAR "Transmission Partner of
the Year" at its awards ceremony and annual conference in Houston today. The
company, which joined the STAR Program in 1993, received the award for
demonstrating outstanding performance in reducing methane emissions,
identifying and implementing new emission-reducing practices, and supporting
Natural Gas STAR Program outreach activities.
"We are honored to receive this award for our efforts in the Environmental
Protection Agency's STAR Program," said John W. Somerhalder II, president of
the El Paso Pipeline Group. "As a STAR partner, we work to demonstrate our
commitment to the environment. Our participation in the program has helped us
identify opportunities to improve the company's performance with efficiency
enhancements identified by EPA and other STAR partners."
The Natural Gas STAR Program is a partnership between EPA and the oil and
natural gas industry that works with production, processing, transmission, and
distribution companies to identify and promote the implementation of cost
effective technologies and practices to reduce emissions of methane, a
greenhouse gas.
El Paso Corporation is the leading provider of natural gas services and
the largest pipeline company in North America. The company has core
businesses in pipelines, production, and midstream services. Rich in assets,
El Paso is committed to developing and delivering new energy supplies and to
meeting the growing demand for new energy infrastructure. 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, the successful implementation of the 2003
operational and financial plan; the successful implementation of the
settlement related to the western energy crisis; actions by the credit rating
agencies; the successful close of financing transactions; our ability to
successfully exit the energy trading business; our ability to divest of
certain non-core assets; 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 the outcome of
governmental investigations; political and currency risks associated with
international operations of the company and its affiliates; inability to
realize anticipated synergies and cost savings associated with restructurings
and divestitures 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. 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
investor and public relations, Bruce L. Connery, Vice
President, +1-713-420-5855, or fax, +1-713-420-4417, or media relations, Mel
Scott, Director, +1-713-420-3039, or fax, +1-713-420-6341, both of El Paso
Corporation
http://www.elpaso.com
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