Fulfills

El Paso’s New Share Offering Fulfills Requirements of Western Energy Settlement

To fulfill the terms of El Paso Corp.’s western energy settlement, the company on Tuesday priced an offering of 8.8 million shares of common stock at a public offering price of $8.35 per share — 50 cents higher than the company had announced last month (see Daily GPI, Dec. 24, 2003).

January 7, 2004