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El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N)) News Release - 29-Jun-1998

El Paso Energy, NrG Information Services Inc. Announce Change in Partnership

Houston, Texas, June 29, 1998-El Paso Energy Corporation (NYSE:EPG) today announced a change in its partnership interest in NrG Information Services Inc. NOVA Gas Transmission Ltd., TransCanada PipeLines Limited, and Westcoast Energy Inc., the three other partners, have agreed to purchase El Paso Energy's 25-percent interest in NrG Information Services Inc.

"This decision allows El Paso Energy to continue focusing on its core businesses, including natural gas transmission, gas gathering and processing, energy marketing, and international project development," said Graciela E. Martinez, vice president and chief information officer for El Paso Energy.

This partnership change follows several months of restructuring at NrG. The company is focusing its activities on providing computer software products and services to existing pipeline customers and their shippers. The three owners retain their strong commitment to the long-term development and operation of NrG.

"The change in ownership does not affect our commitment to our customers or to our continued product development," said Peter Krenkel, president, NrG. "NrG's restructured, leaner organization is moving forward with product enhancements and new Web developments, reinforcing the organization's continued total commitment to build superior products to best meet our user's existing and future needs."

With over $9 billion in assets, El Paso Energy Corporation provides energy solutions through five business units: Tennessee Gas Pipeline Company, El Paso Natural Gas Company, El Paso Field Services Company, El Paso Energy Marketing Company, and El Paso Energy International Company. The company owns the nation's only integrated coast-to-coast natural gas pipeline system and has operations in interstate natural gas transmission, gas gathering and processing, energy marketing, and international infrastructure development. Visit El Paso Energy's web site at www.epenergy.com.

NrG Information Services, located in Calgary, Alberta is an electronic service for making contractual and operational arrangements for moving natural gas along the pipeline systems of Iroquois Gas Transmission, L.P., NOVA Gas Transmission Ltd., TransCanada Pipelines Ltd. and Westcoast Energy Inc.

NrG Information Services Contact

President, NrG:  Peter Krenkel
(403) 974-2621


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 companies have 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 companies make these statements and projections in good faith, neither the companies nor their managements can guarantee that the anticipated future results will be achieved. Reference should be made to the companies' (and their affiliates') Securities and Exchange Commission filings for additional important factors that may affect actual results.