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: November 28, 2007
EL
PASO
CORPORATION
(Exact
name of
Registrant as specified in its charter)
|
|
|
|
|
|
|
Delaware
|
|
1-14365
|
|
76-0568816
|
|
(State
or
other jurisdiction of
incorporation
or organization)
|
|
(Commission
File Number)
|
|
(I.R.S.
Employer
Identification
No.)
|
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01
Other Events
On
November 28, 2007,
we announced that a subsidiary of the company has entered into an agreement
to
acquire a 50 percent interest in the Gulf LNG Clean Energy Project, a planned
liquefied natural gas terminal in Pascagoula, Mississippi. Under the terms
of
the merger agreement, El Paso will pay $294 million to acquire its interest
in
the project. It is estimated that the total costs to construct the facilities
will be $1.1 billion. The construction costs will be funded primarily through
project financing, with the remainder to be funded by the members of the
project
company. The closing of project financing is expected to occur in the first
quarter of 2008. A copy of the press release announcing this acquisition
is
attached as Exhibit 99.A.
(d) Exhibits.
|
Exhibit
Number
|
|
Description
|
|
|
|
|
|
99.A
|
|
Press
Release
dated November 28, 2007.
|
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/
Marguerite Woung-Chapman
|
|
|
|
Marguerite
Woung-Chapman
|
|
|
|
Vice
President, Chief Governance Officer and Corporate
Secretary
|
|
|
|
|
|
Dated: November
28, 2007
|
||
EXHIBIT
INDEX
|
Exhibit
Number
|
|
Description
|
|
|
|
|
|
99.A
|
|
Press
Release
dated November 28, 2007.
|