El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
East Tennessee Natural Gas Announces Virginia Expansion Project
Houston, Texas, May 29, 1997-East Tennessee
Natural Gas Company, a business unit of El Paso Energy Corporation (NYSE:EPG), today
announced the Virginia Expansion Project. With a proposed in service date of November 1,
1998, this expansion will provide Virginia customers with upstream connections to gas
supply from the most prolific supply basins in North America, including Gulf Coast,
Canadian, Mid-continent and Appalachian supply basins. Although a separate project, the
Virginia Expansion Project compliments the East Tennessee expansion announced in August
1996 for customers in eastern Tennessee.
The open season for the Virginia Expansion Project commenced at 8:00 a.m.
central daylight time May 28, 1997 and will close at 5:00 p.m. June 23, 1997. The addition
to system capacity and cost of the project will be based on the open season results.
The East Tennessee system consists of approximately 1,100 miles of
pipeline with design capacity of 630 MMcf/d and serves markets in Tennessee, Virginia and
El Paso Energy Corporation provides total energy solutions through
four business units: El Paso Natural Gas Company, Tennessee Gas Pipeline Company,
El Paso Energy Resources Company and El Paso Energy International Company. With
offices worldwide, the company has operations in interstate natural gas transmission, gas
gathering and processing, energy marketing, and international energy infrastructure
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. While the company makes these statements and projections in
good faith, neither the company nor its management can guarantee that the anticipated
future results will be achieved. Reference should be made to the company's (and its
affiliates') Securities and Exchange Commission filings for additional important
factors that may affect actual results.