HOUSTON, April 15 /PRNewswire-FirstCall/ -- El Paso Tennessee Pipeline Co. (the Company) announced today that it will redeem all outstanding shares of its 8.25-percent Cumulative Preferred Stock, Series A (the Series A Preferred Stock).

The Company is notifying stockholders of its intention to redeem all of the outstanding Series A Preferred Stock at a redemption price of $50.00 per share plus accrued and unpaid dividends of $0.55 per share, for an aggregate redemption price of $50.55 per share, with the redemption date set for May 18, 2005. From and after the redemption date, dividends will cease to accrue, such shares will no longer be deemed to be outstanding, and all rights of the holders thereof will cease. The stockholders' only right will be to tender the shares for payment of the redemption price.

The Notice of Redemption and related materials will be mailed to record holders of the Series A Preferred Stock on or about April 15, 2005. EquiServe Trust Company, N.A. will act as the redemption agent. Questions regarding the Notice of Redemption and related materials should be directed to the Company at the contact information below.

The Company is a subsidiary of El Paso Corporation (NYSE: EP).

SOURCE El Paso Corporation

Contacts:
Investor and Public Relations
Bruce L. Connery, Vice President
Office: (713) 420-5855
Fax: (713) 420-4417
or
Media Relations
Bill Baerg, Manager
Office: (713) 420-2906
Fax: (713) 420-4417

Web site: http://www.elpaso.com