HOUSTON, Oct 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- El Paso Corporation (NYSE: EP) announced today that it has completed its exit from the domestic power business with the sale of its interests in Capitol District Energy Center Cogeneration Associates (CDECCA) and Berkshire Power Company. Calgary-based Maxim Power Corp. acquired El Paso's 100-percent interest in CDECCA. El Paso's 56-percent interest in Berkshire Power Company was acquired by an existing partner in the project, Energy Investors Fund. The sales are expected to have minimal impact to earnings and as part of the ongoing reduction of the company's legacy trade book will terminate El Paso's gas and power trading obligations to the plants.

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 .

Editors note: CDECCA is a 67-megawatt (MW) gas-fired merchant power plant located in Hartford, Conn. Berkshire Power Company is a 243-MW gas-fired merchant power plant located in Agawam, Mass.

SOURCE El Paso Corporation

Investor and Public Relations, Bruce L. Connery, Vice President, +1-713-420-5855, or fax, +1-713-420-4417, or Media Relations, Joe Hollier, Senior Media Relations, +1-713-420-7298, or fax, +1-713-420-6341, both of El Paso Corporation

http://www.elpaso.com