SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 1, 1999
(Date of Earliest Event Reported: December 1, 1999)
El Paso Energy Corporation
(Exact Name of Registrant as Specified in the Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-14365 76-0568816
(Commission File Number) (I.R.S. Employer Identification No.)
El Paso Energy Building
1001 Louisiana Street
Houston, Texas
77002
(Address of Principal Executive Offices)
(Zip Code)
(713) 420-2131
(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
On October 25, 1999, El Paso Energy Corporation
completed its merger with Sonat, Inc., which was accounted
for as a pooling of interests.
To qualify for pooling of interests accounting, the
Securities and Exchange Commission in its Accounting Series
Release No. 135 ("ASR No. 135") prohibits affiliates of a
company that is a party to a business combination from
selling any common stock following a pooling of interests
until such time as financial results covering at least
thirty days of post-merger combined operations have been
published. In accordance with ASR No. 135, the combined
results of operations for the first thirty days following
the merger were as follows (in millions, except per share
data):
Revenues........................................ $ 656
Earnings before interest expense and taxes...... 35
Net loss........................................ (11)
Basic and diluted loss per share................ (.05)
Merger-related costs, net of tax................ 33
Basic and diluted earnings per share excluding
merger-related costs.......................... .10
The above results have been prepared and published
solely for purposes of complying with pooling of interests
accounting requirements and therefore are not indicative or
predictive of results for any interim period or for the
calendar year ended December 31, 1999.
Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
EL PASO ENERGY CORPORATION
December 1, 1999
By: /s/ Jeffrey I. Beason
----------------------
Jeffrey I. Beason
Senior Vice President
and Controller
(Chief Accounting Officer)
