| Business Summary | | El
Paso
Corporation,
formerly
known
as
El
Paso
Energy
Corp.,
is
a
global
energy
company
originally
founded
in
1928
in
El
Paso,
Texas.
For
many
years,
the
Company
served
as
a
regional
pipeline
company
conducting
business
mainly
in
the
western
United
States.
However,
over
the
past
five
years,
the
Company
has
grown,
and
now
its
operations
span
the
wholesale
energy
value
chain,
from
natural
gas
production
and
extraction
to
power
generation.
The
Company's
growth
during
this
period
was
accomplished
through
a
series
of
strategic
acquisitions,
transactions
and
internal
growth
initiatives.
The
Company's
principal
operations
include
the
transportation,
gathering,
processing
and
storage
of
natural
gas;
the
marketing
of
energy
and
energy-related
commodities
and
products;
the
generation
of
power;
the
development
and
operation
of
energy
infrastructure
facilities;
and
the
exploration
and
production
of
natural
gas
and
oil. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EPG
is
engaged
in
the
interstate
and
intrastate
transportation,
gathering
and
processing
of
natural
gas;
the
marketing
of
natural
gas,
power
and
other
commodities;
and
the
development
and
operation
of
energy
infrastructure
facilities.
For
the
six
months
ended
6/30/01,
revenues
rose
62%
to
$31.12
billion.
Net
loss
before
extraordinary
item
totaled
$524
million
vs.
an
income
of
$600
million.
Results
reflect
the
successful
integration
with
Coastal,
offset
by
merger-related
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Wise, 55 Chairman,
Pres, CEO | $14.0M | $4.1M | H. Brent Austin, 46 CFO,
Exec. VP | 4.0M | 998K | Rodney Erskine, 56 Pres
of El Paso Production | -- | -- | John Hushon, 55 Pres
of El Paso Merchant Energy Europe | -- | -- | Greg Jenkins, 43 Pres
of El Paso Global Networks | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|