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: May
19, 2008
EL
PASO CORPORATION
(Exact
name of Registrant as specified in its charter)
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Delaware
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1-14365
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76-0568816
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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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
Information
On
October 17, 2005, our wholly-owned indirect subsidiary, El Paso Natural Gas
Company (EPNG) announced the expiration of its consent agreement with the Navajo
Nation covering rights-of-way crossing lands held by the United States in trust
for the Nation. On January 17, 2006, EPNG announced it had reached an
interim agreement with the Navajo Nation extending the tribal consent agreement
from October 17, 2005 to December 31, 2006, which allowed negotiations on a
long-term renewal to continue.
On May
14, 2008, EPNG and the Navajo Nation executed a preliminary agreement on the
fundamental economic terms of a tribal consent extension through October 17,
2025. Under the preliminary agreement, EPNG will make payments to the
Nation covering the period from January 1, 2007 through October 17,
2008. The parties also undertake to achieve, in good faith, a final
agreement by June 30, 2008. The final outcome of those efforts cannot be
determined at this time.
Approximately
900 looped miles of the northern mainline of our pipeline system traverse lands
held in trust by the United States for the Navajo Nation. Those lands
are the subject of various right-of-way agreements between us and the United
States, with the consent of the Navajo Nation.
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.
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EL
PASO CORPORATION
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By:
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/s/
John R. Sult
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John
R. Sult
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Senior
Vice President and Controller
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(Principal
Accounting Officer)
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Dated:
May 19, 2008