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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to Rule 14a-12
EL PASO CORPORATION
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(Name of Registrant as Specified in its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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[ ] Fee paid previously with preliminary materials:
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule
and the date of its filing.
(1) Amount Previously Paid:
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(4) Date Filed:
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EL PASO CORPORATION DECLARES FIRST QUARTER 2003 DIVIDEND
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HOUSTON, TEXAS, APRIL 29, 2003--The Board of Directors of El
Paso Corporation (NYSE:EP) today declared a quarterly
dividend of $0.04 per share on the company's outstanding
common stock. The dividend will be payable July 7, 2003 to
shareholders of record as of the close of business on June
6, 2003. Outstanding shares of common stock entitled to
receive dividends as of March 31, 2003 were 601,174,352.
El Paso Corporation is the leading provider of natural gas services and the
largest pipeline company in North America. The company has core businesses
in pipelines, production, and midstream services. Rich in assets, El Paso
is committed to developing and delivering new energy supplies and to
meeting the growing demand for new energy infrastructure. For more
information, visit www.elpaso.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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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, including, without limitation,
our ability to attract and retain qualified members of the Board of
Directors; the successful recruitment and retention of a qualified
CEO; the successful implementation of the 2003 operational and
financial plan; the successful implementation of the settlement
related to the Western Energy Crisis; material and adverse impacts
from our proxy contest with Selim Zilkha/Oscar Wyatt; actions by the
credit rating agencies; the successful close of financing
transactions; our ability to successfully exit the energy trading
business; our ability to divest of certain non-core assets; changes in
commodity prices for oil, natural gas, and power; general economic and
weather conditions in geographic regions or markets served by El Paso
Corporation and its affiliates, or where operations of the company and
its affiliates are located; the uncertainties associated with
governmental regulation; political and currency risks associated with
international operations of the company and its affiliates; inability
to realize anticipated synergies and cost savings associated with
restructurings and divestitures on a timely basis; difficulty in
integration of the operations of previously acquired companies,
competition, and other factors described in the company's (and its
affiliates') Securities and Exchange Commission filings. While the
company makes these statements and projections in good faith, neither
the company nor its management can guarantee that anticipated future
results will be achieved. Reference must be made to those filings for
additional important factors that may affect actual results. The
company assumes no obligation to publicly update or revise any
forward-looking statements made herein or any other forward-looking
statements made by the company, whether as a result of new
information, future events, or otherwise.
ADDITIONAL IMPORTANT INFORMATION
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On April 24, 2003, El Paso Corporation filed a revised preliminary
proxy statement relating to its 2003 annual meeting with the
Securities and Exchange Commission. Prior to the annual meeting, El
Paso will furnish a definitive proxy statement to its shareholders,
together with a WHITE proxy card. Shareholders are strongly advised to
read El Paso's proxy statement as it contains important information.
Shareholders may obtain a copy of El Paso's revised preliminary proxy
statement, any amendments or supplements to the proxy statement and
any other documents filed by El Paso with the Securities and Exchange
Commission for free at the Internet Web site maintained by the
Securities and Exchange Commission at www.sec.gov. Copies of the
revised preliminary proxy statement and any amendments and supplements
are available for free at El Paso's Internet Web site at
www.elpaso.com or by writing to El Paso Corporation, Investor
Relations, P.O. Box 2511, Houston, TX 77252. In addition, copies of El
Paso's proxy materials may be requested by contacting El Paso's proxy
solicitor, MacKenzie Partners, Inc. at (800) 322-2885 Toll-Free or by
email at proxy@mackenziepartners.com.
To the extent that individual customers, independent industry
researchers, financial analysts, or El Paso commissioned research, are
quoted in this document, it is El Paso's policy to use reasonable
efforts to verify the source and accuracy of the quote. El Paso has
not, however, sought or obtained the consent of the quoted source to
the use of such quote as proxy soliciting material. This document may
contain expressions of opinion and belief. Except as otherwise
expressly attributed to another individual or entity, these opinions
and beliefs are the opinions and beliefs of El Paso.
Information regarding the names, affiliation and interests of
individuals who may be deemed participants in the solicitation of
proxies of El Paso's shareholders is contained in El Paso's revised
preliminary proxy statement.
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CONTACTS:
Communications and Government Affairs Investor Relations
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Norma F. Dunn Bruce L. Connery
Senior Vice President Vice President
Office: (713) 420-3750 Office: (713) 420-5855
Fax: (713) 420-3632 Fax: (713) 420-4417