Item 7.01 Regulation FD Disclosure.

     On January 18, 2006, we are making a presentation to analysts to provide an in-depth review of our 2006 operational and financial plan. The webcast of the presentation may be accessed through our Web site at www.elpaso.com. A copy of the slide presentation is attached as Exhibit 99.A. The information disclosed in this Item 7.01, and the exhibit listed under Item 9.01 of this Current Report on Form 8-K, are furnished to comply with Regulation FD, but are not considered to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and are not subject to the liabilities of that section.

Item 8.01 Other Information.

     Retiree Medical Benefits Matters. We currently serve as the plan administrator for a medical benefits plan that covers a closed group of retirees of the Case Corporation who retired on or before June 30, 1994. Case was formerly a subsidiary of Tenneco Inc. that was spun off prior to our acquisition of Tenneco in 1996. In connection with the Tenneco-Case Reorganization Agreement of 1994, Tenneco assumed the obligation to provide certain medical and prescription drug benefits to eligible retirees and their spouses. We assumed this obligation as a result of our merger with Tenneco. However, we believed that our liability for these benefits is limited to certain maximums, or caps, and costs in excess of these maximums are assumed by plan participants. In 2002, we and Case were sued by individual retirees in federal court in Detroit, Michigan in an action entitled Yolton et al. v. El Paso Tennessee Pipeline Co. and Case Corporation. The suit alleges, among other things, that El Paso and Case violated ERISA, and that they should be required to pay all amounts above the cap. Although such amounts will vary over time, the amounts above the cap have recently been approximately $1.8 million per month. Case further filed claims against El Paso asserting that El Paso is obligated to indemnify, defend, and hold Case harmless for the amounts it would be required to pay. In separate rulings in 2004, the court ruled that, pending a trial on the merits, El Paso must reimburse Case for the monthly amounts above the cap. On January 17, 2006, this ruling was upheld on appeal before the U.S. Court of Appeals for the 6th Circuit. As a result of this appellate ruling, we will now proceed with a trial on the merits with regard to the issue of whether the cap is enforceable. In the meantime, El Paso will indemnify Case for any payments Case makes above the cap. We are currently reviewing what legal actions we will take in response to the appellate court decision, as well as the potential financial impact on our current accrual associated with this case.

 

	EL PASO CORPORATION
	By:	/s/ Robert W. Baker
		Robert W. Baker Executive Vice President and General Counsel