HOUSTON, TEXAS, May 25, 2004—El Paso Corporation (NYSE:EP) will host a webcast at 11:30 a.m. Eastern Daylight Time on Friday, May 28, 2004, to provide a financial and operational update on the company. El Paso continues to work on filing its year-end 2003 Form 10-K and first quarter 2004 Form 10-Q and will complete the filings as soon as possible.

The webcast may be accessed online through the company's Web site at www.elpaso.com in the Investors section. The presentation slides will also be available for downloading at the same location 45 minutes before the webcast begins. A limited number of telephone lines will also be available to participants by dialing (973) 582-2703 ten minutes prior to the start of the webcast. The company requests that those who do not intend to ask questions use the webcast option.

A replay of the webcast will be available online through El Paso's Web site in the Investors section. A telephone audio replay will be also available through June 4, 2004, by dialing (973) 341-3080 (access code 4810199). If you have any questions regarding this procedure, please contact Margie Fox at (713) 420-2903.

El Paso Corporation's purpose is to provide natural gas and related energy products in a safe, efficient, dependable manner. The company owns North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers. For more information, visit www.elpaso.com.