EL PASO CORP: Estimates $40MM Remediation Expenditures for 2011

El Paso Corporation, for 2011, estimates that its total remediation expenditures will be about US$40 million, most of which will be expended under government directed clean-up plans.

Included in the Company’s recorded environmental liabilities are projects where it has received notice…

EL PASO CORP: Posts $168MM at March 31 for Environmental Matters

El Paso Corporation’s accrual at March 31, 2011 was about US$168 million for environmental matters, which has not been reduced by US$19 million for amounts to be paid directly under government sponsored programs or through contractual arrangements with third parties.

The…

EL PASO CORP: Accrues $173MM for Environmental Issues at Dec. 31

El Paso Corporation, at Dec. 31, 2010, had accrued about US$173 million for environmental matters, which has not been reduced by US$19 million for amounts to be paid directly under government sponsored programs or through settlement arrangements with third parties.

The…

EL PASO CORP: Accrues $45MM at Dec. 31 for Outstanding Lawsuits

El Paso Corporation, as of Dec. 31, 2010, had about US$45 million accrued for all of its outstanding distributed methyl tertiary- butyl ether (MTBE) legal proceedings.

Certain of the Company’s subsidiaries used, produced, sold or distributed MTBE as a gasoline additive.…

EL PASO CORP: Estimates $48MM for Remediation Expense at Dec. 31

El Paso Corporation, for 2011, estimates that its total remediation expenditures will be about US$48 million, most of which will be expended under government directed clean-up plans.

Included in the Company’s recorded environmental liabilities are projects where it has received notice…

EL PASO CORP: Awaiting EPA’s Response over Bluebell Plant Order

El Paso Corporation has requested that the U.S. Environmental Protection Agency close a Compliance Order regarding the Bluebell Gas Plant and is awaiting response from the EPA.

In February 2008, the Company received a Compliance Order from Region 8 of the…

EL PASO CORP: Accrues $177M at Sept. 30 for Environmental Issues

El Paso Corporation, at Sept. 30, 2010, had accrued about US$177 million for environmental matters, which has not been reduced by US$20 million for amounts to be paid directly under government sponsored programs or through contractual arrangements with third parties.

The…

EL PASO CORP: Records $330Mil Capitalized Costs for Brazil Sites

El Paso Corporation, as of March 31, 2010, has total capitalized costs in Brazil of about US$330 million, of which US$146 million are unevaluated capitalized costs.

In Brazil, the Company’s drilling operations are primarily in the Camamu and Espirito Santo Basins.…

EL PASO CORP: Cites $182MM for Environmental Matters at March 31

El Paso Corporation, at March 31, 2010, had accrued about US$182 million for environmental matters, which has not been reduced by US$23 million for amounts to be paid directly under government sponsored programs or through contractual arrangements with third parties.

The…

EL PASO CORP: Estimates $39M for Remediation Expenditure in 2010

El Paso Corporation, for the remainder of 2010, estimates that its total remediation expenditures will be about US$39 million, most of which will be expended under government directed clean-up plans.

Included in the Company’s recorded environmental liabilities are projects where it…