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
|