2009 and Beyond

Going forward, El Paso will build on our core strengths. First, our primary commodity, natural gas, is abundant, clean, and has the potential to be a key bridge fuel as the global economy works to reduce its carbon footprint. Second, we have the best natural gas pipeline assets in the business, and we will grow them significantly over the next five years with projects already planned. Our E&P program has upside potential in the areas of infill drilling, emerging shale plays, and international exploration. In 2009, we will focus on preserving opportunities for future growth in the business as we emerge from the current global economic challenges.

We value the support of our stakeholders and work hard to provide comprehensive information about the company and its stock performance on our Web site. Information on our share price, earnings, cash flow, and debt reduction can be found in the Investor Relations section of our Web site, elpaso.com.