El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
El Paso Energy Corporation Declares Third Quarter 2000 Dividend
HOUSTON, TEXAS, October 26, 2000—The Board of Directors of El Paso Energy Corporation (NYSE:EPG)
declared a quarterly dividend of $0.206 per share on the company's outstanding
common stock. The dividend will be payable January 2, 2001 to shareholders
of record as of the close of business on November 30, 2000.
Outstanding shares of common stock as of September 30, 2000 were 239,505,461.
With over $21 billion in assets, El Paso Energy
Corporation is one of the largest integrated natural gas-to-power companies in
the world. El Paso Energy not only owns North America's largest natural
gas pipeline system, but also has growing operations in merchant energy
services, power generation, international project development, gas gathering and
processing, and gas and oil production. On May 5, the stockholders of both
El Paso Energy and The Coastal Corporation overwhelmingly voted in favor of
merging the two organizations. The merger is expected to close in the
fourth quarter of this year, concurrent with the completion of regulatory
reviews. Visit El Paso Energy's web site at www.epenergy.com.
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.