El Paso Energy Capital Trust I

El Paso Energy Capital Trust I — Trust Convertible Preferred Securities (NYSE:EPPrC)

• Issued - 6,500,000 shares in March 1998
• Maturity - March 31, 2028
• Liquidation Amount - $50 per share
• Coupon - 4.75% per annum
• Conversion - convertible into 1.2022 shares of El Paso Corporation common stock at any time at the option of the holder
• Distributions - cumulative; paid quarterly at the end of each March, June, September and December; distributions not made on the scheduled payment date will accumulate and compound quarterly at 4.75% per annum
• Record date - the 15th day (whether or not a business day) of March, June, September and December
• Optional redemption - the trust convertible preferred securities are redeemable at the option of the company, in whole or in part, at the following percentages of the liquidation amount ($50 per share), plus accrued and unpaid distributions to the date fixed for redemption if redeemed during the 12-month period commencing on March 31, in each of the following years indicated:

• CUSIP - 283678209
• Conversion Agent - Law DebentureTrust Company of New York
• Exchange - traded on the New York Stock Exchange under the ticker "EPPrC"
• Prospectus - to request a prospectus, call 713.420.2600 and ask for Investor Relations or click this link to access the prospectus on the SEC's website: http://www.sec.gov/Archives/edgar/data/1051363/0000950129-98-001037.txt

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