El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
El Paso Natural Gas Returns Line 1103 to Service
HOUSTON, TEXAS, July 11, 2001ŚEláPaso Natural Gas
Company, a subsidiary of EláPaso Corporation (NYSE:EPG), announced the return to
service of its 1103 pipeline near Carlsbad, New Mexico. The company has been
working closely with the Office of Pipeline Safety (OPS), an agency of the
Department of Transportation, to verify the integrity of this line and ensure
its safety following a rupture that occurred on August 19, 2000. After a review
of EláPaso's inspection data and verification of the integrity of the 1103 line,
the OPS approved EláPaso's request to return the line to service at a reduced
pressure on July 6, 2001.
Following the incident on August 19, the Office of Pipeline Safety issued a
Corrective Action Order outlining, among other things, the steps it required EláPaso
Natural Gas to follow before allowing the pipeline's return to service. EláPaso has completed all of the steps relating to returning Line 1103 to service
and has reviewed the inspection data with the OPS to ensure that all
requirements were satisfactorily completed. EláPaso is committed to ensuring
that its pipeline integrity program meets or exceeds all safety regulations and
that all requirements of the Corrective Action Order are fulfilled.
Returning Line 1103 to service will not have an immediate effect on
transportation volumes on the EláPaso Natural Gas system because an adjacent
line, Line 1110, was simultaneously taken out of service on July 6 so that the
company may begin performing work on that line.
The company continues to review, identify, and modify the remainder of its
system to ensure that the integrity of the pipeline continues to meet or exceed
all industry and safety standards. The company will continue to enhance this
program as new technologies and information become available.
Visit EláPaso at www.elpaso.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