UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: July 23, 2002
(Date of Earliest Event Reported: July 22, 2002)
EL PASO CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-14365 76-0568816
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
El Paso Building
1001 Louisiana Street
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 420-2600
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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c) Exhibits.
Exhibit
Number Description
------- ------------
99.1 Memorandum dated July 22, 2002 from
William A. Wise to Employees
Item 9. Regulation FD Disclosure
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On July 22, 2002, William A. Wise sent a memorandum to
all employees of El Paso Corporation, attached as Exhibit
99.1. In the memorandum Mr. Wise emphasized that:
1. The fundamentals of El Paso's business remain strong;
2. El Paso is asset rich and extremely well
positioned to benefit from the favorable outlook for
the natural gas industry;
3. El Paso's liquidity position is excellent; and
4. El Paso has completed $2.3 billion of equity financing,
eliminated $4.0 billion of ratings triggers, sold in excess
of $1.5 billion of assets, downsized its trading business
and will reduce costs by approximately $300 million per
year.
This Exhibit 99.1 is not filed, but is furnished to
comply with Regulation FD. The information disclosed in
this Item 9 Current Report on Form 8-K is not considered to
be "filed" for purposes of Section 18 of the Securities and
Exchange Act of 1934 and is not subject to the liabilities
of that section.
El Paso Corporation will release its second quarter
2002 earnings results before the market opens on Thursday,
August 8, 2002. The company has scheduled a conference call
to discuss the second quarter results at 10:00 a.m. eastern
time, 9:00 a.m. central time on August 8. To participate,
please dial 973.582.2729 ten minutes prior to the call. A
live web cast of the call will also be available online
through our web site at www.elpaso.com in the For Investors
section.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
EL PASO CORPORATION
By: /s/ Jeffrey I. Beason
---------------------
Jeffrey I. Beason
Senior Vice President
and Controller
(Principal Accounting Officer)
Date: July 23, 2002
EXHIBIT INDEX
Exhibit
Number Description
------- ------------
99.1 Memorandum dated July 22, 2002 from William
A. Wise to Employees.