HOUSTON, TEXAS, July 15, 2002—El Paso Corporation (NYSE:EP) will release its second quarter 2002 earnings results before the market opens on Thursday, August 8, 2002. The company has scheduled a conference call to discuss the second quarter results at 10:00 a.m. eastern time, 9:00 a.m. central time on August 8. To participate, please dial 973.582.2729 ten minutes prior to the call. A live web cast of the call will also be available online through our web site at www.elpaso.com in the For Investors section.

An audio replay of the call will be available through August 15, 2002. The telephone number for the replay is 973.341.3080 (access code 3390780). The conference call replay will also be available online through our web site in the For Investors section. If you have any questions regarding this procedure, please contact Margie Fox at 713.420.2903.

El Paso Corporation is North America's leading provider of natural gas services. The company has core businesses in natural gas production, gathering and processing, and transmission, as well as liquefied natural gas transport and receiving, petroleum logistics, power generation, and merchant energy services. El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy to communities around the world. For more information, visit www.elpaso.com.