Outlook

Our Pipeline Group has excellent connections to strong markets and key supply basins. El Paso’s national footprint means that we are able to capture infrastructure growth opportunities as they occur.

1. In 2008 we will spend about $1.2 billion in growth capital for an array of projects. These projects include the WIC Kanda Lateral, SNG’s Cypress Pipeline, SNG's South East System Header project, TGP’s Essex-Middlesex project, CIG’s High Plains pipeline, the WIC Medicine Bow expansion, and the CP Coral expansion.
2. This year, we plan to spend $400 million on maintenance capital, which includes roughly $80 million for the company’s pipeline integrity program.
3. Overall, we have more than $3 billion of committed growth projects, with attractive returns.

*Cautionary Statement Regarding Forward-looking Statements