El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
1-Mar-2002
El Paso Tennessee Pipeline Co. Declares Dividend on Preferred StockHOUSTON, Mar 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Board of
Directors of El Paso Tennessee Pipeline Co., a unit of El Paso Corporation
(NYSE: EP), declared the regular quarterly dividend of $1.03125 per share on the
Company's 8 1/4-percent Cumulative Preferred Stock, Series A. This dividend is
payable on March 28, 2002 to shareholders of record as of the close of business
on March 15, 2002.
The El Paso Corporation model -- strong in assets, market expertise, valuation
skills, and risk discipline -- has proven itself year after year, resulting in a
company with both financial strength and a reputation for integrity. El Paso has
core businesses in natural gas production, gathering and processing, and
transmission, as well as in international project development, energy financing,
power generation, liquefied natural gas transport and receiving, and merchant
energy services. The company is committed to developing new energy sources and
technology to supply energy to communities around the world. For more
information, please visit www.elpaso.com .
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements and projections, made in
reliance on the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The company has made every reasonable effort to ensure that
the information and assumptions on which these statements and projections are
based are current, reasonable, and complete. However, a variety of factors could
cause actual results to differ materially from the projections, anticipated
results or other expectations expressed in this release. While the company makes
these statements and projections in good faith, neither the company nor its
management can guarantee that the anticipated future results will be achieved.
Reference should be made to the company's (and its affiliates') Securities and
Exchange Commission filings for additional important factors that may affect
actual results.
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SOURCE El Paso Corporation
CONTACT: Communications & Government Affairs, Norma F. Dunn, Senior Vice
President, +1-713-420-3750, or fax, +1-713-420-3632, or Investor Relations,
Bruce L. Connery, Vice President, +1-713-420-5855, or fax, +1-713-420-4417,
both of El Paso Corporation
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URL: http://www.elpaso.com
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Copyright (C) 2002 PR Newswire. All rights reserved.
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El Paso Corp.
