Correction: El Paso Takes New Precautions for Busy Hurricane Season



In the story titled "El Paso Takes New Precautions in Preparation for Another Active Hurricane Season," which ran on April 13, it was incorrectly reported that El Paso "was forced to sell off assets, issue debt and enter into new credit facilities to maintain liquidity while paying" for hurricane repairs. The hurricane costs were only one of the factors influencing liquidity. Other factors, including oil and gas derivative transactions put in place in prior years, also had an impact, creating the need to sell assets, issue debt and enter into new credit facilities. Intelligence Press regrets the error.
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