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: October 1, 2004
(Date of Earliest Event Reported: September 30, 2004)
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 or
organization)
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
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
_ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
_ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
_ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
_ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01. Completion of Acquisition or Disposition of Assets
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On September 30, 2004, we completed the previously announced
sale of our interests in GulfTerra Energy Partners, L.P and
certain processing assets to affiliates of Enterprise Products
Partners L.P. The sale was completed in connection with the
closing of the merger between GulfTerra and Enterprise. Our total
proceeds received from the sale of our interests and assets was
$1.02 billion. The assets sold were our remaining interest in
the general partner of GulfTerra, 13.8 million GulfTerra common
units and nine processing plants located in South Texas. In
addition to the cash proceeds, we also received a 9.9-percent
interest in the general partner of the combined organization,
Enterprise Products GP, LLC. Following this transaction, we will
also own approximately 13.5 million common units in Enterprise.
A copy of our press release dated September 30, 2004
announcing the closing of these transactions is attached hereto
as Exhibit 99.A.
Item 9.01 Financial Statements and Exhibits
---------------------------------
(c) Exhibits.
Exhibit
Number Description
------- -----------
99.A Press Release dated September 30,
2004.
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)
Dated: October 1, 2004
EXHIBIT INDEX
Exhibit
Number Description
------- -----------
99.A Press Release dated September 30, 2004.