Project Summary

Tennessee Gas Pipeline Company (“Tennessee”), a wholly owned subsidiary of El Paso Corporation, is proposing the Northeast Upgrade Project to provide 636,000 dekatherms per day of incremental firm transportation capacity from Tennessee’s 300 Line in Pennsylvania to an interconnect in New Jersey that will serve growing markets in the Northeast.

Tennessee has executed binding, 20-year term agreements with two prominent Marcellus Shale producers, Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of Chesapeake Energy Corporation, and Statoil Natural Gas LLC, a wholly owned subsidiary of Statoil, for 100 percent of the project’s capacity. The project is a natural extension of Tennessee’s existing presence in the heart of the developing Marcellus Shale play and is another major pipeline project that provides significant new firm transportation capacity for domestic producers.

The Northeast Upgrade Project, along with the company’s 300 Line Project, will add about 1 billion cubic feet per day of new firm capacity that will provide safe and reliable transportation of clean-burning, domestic natural gas supplies to key Northeast markets.

A spring 2011 Federal Energy Regulatory Commission certificate application filing date is anticipated, with a scheduled November 1, 2013 in-service date. The project is expected to cost approximately $400 million, with a majority of the capital spending occurring in 2013.

El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America’s largest interstate natural gas pipeline system and one of North America’s largest independent natural gas producers.

Additional information regarding the Project is available by calling our toll-free phone number 1-866-683-5587.