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El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N)) News Release - 29-Jun-2005

El Paso Corporation Files FERC Application for Cypress Natural Gas Pipeline

HOUSTON, June 29 /PRNewswire-FirstCall/ -- Southern Natural Gas Company (SNG), a subsidiary of El Paso Corporation (NYSE: EP), announced today that it has filed an application with the Federal Energy Regulatory Commission for the proposed Cypress Pipeline project, which would expand SNG's system from Savannah, Georgia to Jacksonville, Florida.

The proposed 176-mile pipeline project would transport natural gas supplies from Elba Island, the company's liquefied natural gas importation facility near Savannah, providing additional pipeline infrastructure and expanded access to natural gas supplies for markets in Georgia as well as Florida. The project has firm capacity commitments from Progress Energy Florida, Inc. and BG LNG Services, LLC. and is expected to be in service by mid-2007.

El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers. For more information, visit http://www.elpaso.com .

Cautionary Statement Regarding Forward-Looking Statements

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, including, without limitation, our ability to successfully construct and operate the proposed pipeline facilities described in this release; general economic conditions in geographic regions or markets served by El Paso Corporation and its affiliates, or where operations of the company and its affiliates are located; the uncertainties associated with governmental regulation; competition, and other factors described in the company's (and its affiliates') Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to those filings for additional important factors that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.

SOURCE El Paso Corporation
06/29/2005

CONTACT:
Investor and Public Relations:
Bruce L. Connery, Vice President, 1-713-420-5855, or fax, 1-713-420-4417
or
Media Relations:
Aaron Woods, Manager, 1-713-420-6828, or fax, 1-713-420-6341
Both of El Paso Corporation

6840 06/29/2005 14:16 EDT http://www.prnewswire.com