News / Business
El Paso Corporation (NYSE:EP) to Hold Q4 2008 Earnings Conference Call February 26
El Paso Corporation (El Paso) primarily operates in the natural gas transmission and exploration and production sectors of the energy industry. The Company owns or has interests in North America's interstate pipeline system, which has approximately 42,000 miles of pipe that connect North America's producing basins to its consuming markets. It also provides approximately 230 billion cubic feet (Bcf) of storage capacity and a liquefied natural gas (LNG) import facility receiving terminal and related facilities in Elba Island, Georgia with 806 million cubic feet (MMcf) of daily base load sendout capacity. It has two business segments: Pipelines, and Exploration and Production. It also has Marketing and Power segment. In February 2007, El Paso sold ANR Pipeline Company (ANR), its Michigan storage assets and its 50% interest in Great Lakes Gas Transmission, which comprised approximately 12,600 miles of pipeline and 236 Bcf of storage capacity.
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