Future of Natural Gas Burns Brightly for El Paso Corporation, an Industrial Info News Alert

SUGAR LAND, TX, May 11 (MARKET WIRE) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- Natural
gas production and transmission company El Paso Corporation (NYSE:EP)
(Houston, Texas) recently reported first-quarter 2009 earnings. Although
a ceiling test charge caused a $2.1 billion non-cash loss in the
company's books because of the current low price of natural gas, when
this charge is discounted, earnings of El Paso Corporation's primary
business units were actually higher than the corresponding period of the
previous year. El Paso Corporation's project activity certainly supports
the belief that natural gas will be a strong player in the future U.S.
Power Industry. Industrial Info is currently tracking more than $3.2
billion of El Paso Corporation's current and future planned projects.

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