Announced Actions for May 4, 2001

For Your Information

Commission approval of proposed divestitures:

The Commission has approved five divestiture requests from El Paso Energy Corp. regarding the following: 1) the sale of a 0.48 percent interest as a general partner in the Iroquois Gas Transmission System, L.P. ("Iroquois") to NJNR Pipeline Company, an indirect subsidiary of New Jersey Resources Corporation; 2) the sale of a 5.96 percent interest as a general partner in Iroquois to TCPL Northeast Ltd., an indirect subsidiary of TransCanada PipeLines Limited, a Canadian corporation; 3) the sale of an 8.72 percent interest as a general partner in Iroquois to CNG Iroquois, Inc., an indirect subsidiary of Dominion Resources, Inc.; 4) the sale of a 0.84 percent interest as a general partner in Iroquois to Iroquois Pipeline Investment, LLC, an indirect subsidiary of PG&E National Energy Group, which is itself a subsidiary of PG&E Corporation; and 5) the sale of all of the issued and outstanding shares of capital stock of both Midwestern Gas Transmission Company and Midwestern Gas Marketing Company to Border Midwestern Company, a subsidiary of Northern Border Intermediate Limited Partnership, which is controlled by Northern Border Partners, L.P. The divestiture applications were made pursuant to Paragraph III C. of the FTC's decision and order in this matter. The Commission vote to approve each divestiture was 5-0. (FTC File No. 001-0086, Docket No. C-3996; staff contact is Daniel P. Ducore, 202-326-2526; see press releases dated January 29 and February 9, 2001.)

Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint, or to get free information on any of 150 consumer topics, call toll-free, 1-877-FTC-HELP (1-877-382-4357), or use the complaint form at www.ftc.gov. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

Contact Information

Media Contact:
Office of Public Affairs
202-326-2180