SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 29, 1994.
EL PASO NATURAL GAS COMPANY
(Exact Name of Registrant as Specified in its Charter)
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Delaware 1-2700 74-0608280
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction Identification Number)
of Incorporation)
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One Paul Kayser Center
304 Texas Avenue, El Paso, Texas 79901
(Address of Principal Executive Office, Including Zip Code)
(915) 541-2600
(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events.
On March 30, 1994, El Paso Natural Gas Company (the "Company")
issued a press release regarding the decision rendered by the Delaware
Chancery Court in the matter of El Paso Natural Gas Company v. Amoco
Production Company. A copy of that press release is attached hereto as Exhibit
99 and is incorporated herein by reference.
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Inclusion in this Report of the matter described above should not be
deemed an admission by the Company that such matter is or may be material
in any respect to the Company.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements.
None
(b) Pro Forma Financial Information.
None
(c) Exhibits.
The following exhibit is filed herewith:
99. Press Release dated March 30, 1994.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EL PASO NATURAL GAS COMPANY
(Registrant)
Date: March 31, 1994 By: /s/ H. Brent Austin
Name: H. Brent Austin
Title: Senior Vice President
and Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No. Description
99 Press Release dated March 30, 1994.
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[El Paso Logo]
El Paso
Natural Gas Company NEWS
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P.O. Box 1492 Contact: Norma F. Dunn, CPA
El Paso, Texas 79978 Vice President
Investor & Public Relations
Office: (915) 541-5443
FOR IMMEDIATE RELEASE
DELAWARE CHANCERY COURT DECISION RESULTS IN
$12 MILLION FIRST QUARTER CHARGE
EL PASO, TEXAS, March 30, 1994 -- El Paso Natural Gas Company (NYSE:EPG)
announced today that it will take a first quarter charge of approximately
$12 million after-tax, or $0.33 per share, to cover the Company's potential
exposure pursuant to a legal decision rendered late yesterday in favor of
Amoco Production Company in the Delaware Chancery Court.
The Court's decision supports Amoco's claim to lower gathering rates for
certain of its production for the period dating back to November 1988.
Additional briefs have been requested to determine the amount of refunds to
which Amoco may be entitled. Management does not expect the outcome of this
matter to have a materially adverse effect on the Company's financial
condition or future results of operations.
EPG intends to appeal.
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