Convention

What’s an El Paso Corp. shareholder to do? With the annual shareholder meeting scheduled for 2 p.m. CST Tuesday in Houston’s George R. Brown Convention Center, the incumbent board of directors will know in less than 48 hours whether they will remain in control of the massive energy services corporation or whether they will be replaced by a tenacious group of energy professionals.

With the annual shareholder meeting scheduled for 2 p.m. CST Tuesday in Houston’s George R. Brown Convention Center, El Paso Corp.’s incumbent board of directors will know then whether they will remain in control of the massive energy services corporation or whether they will be replaced by a tenacious group of energy professionals.

The Democrats barely mentioned the word “energy” in theirplatform at the August convention, but President Clinton put thespotlight on energy issues last week in Washington with hisdecision to release 30 million barrels of crude oil from theStrategic Petroleum Reserve (SPR), as well as a record $400 millionof funding for energy assistance to low-income households for thiswinter.

The Democrats hardly mentioned the word “energy” in theirplatform at the August convention, but President Clinton last weektried to make up for that omission by ordering the release of 30million barrels of crude oil from the Strategic Petroleum Reserve(SPR), as well as a record $400 million of funding for energyassistance to low-income households for this winter.

With the distraction of the Democratic Convention in town thisweek, Los Angeles elected officials face a critical vote today onthe city’s future strategy for remaining relatively energyindependent through its operation of the nation’s largest municipalelectric utility.