El Paso Corporation (NYSE: EP) has received additional waivers on its $3-billion
revolving credit facility and certain other financings. These waivers provide
El Paso with an extension until August 15, 2004 to file its 2003 Form 10-K and
first quarter 2004 Form 10-Q. The waivers provide for a 29-day grace period
to file financial statements in the event that El Paso or any of its
significant subsidiaries receives a notice of default on any debt or guarantee
of debt that in aggregate exceeds $100 million.
El Paso Corporation provides natural gas and related energy products in a
safe, efficient, dependable manner. The company owns North America's largest
natural gas pipeline system and one of North America's largest independent
natural gas producers.