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UNITED STATES
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 (Date of earliest event reported): October 16, 1998
EL PASO TENNESSEE PIPELINE CO.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
DELAWARE 1-9864 76-0233548
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
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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.
El Paso Energy Corporation ("El Paso Energy"), the indirect corporate
parent of El Paso Tennessee Pipeline Co. (the "Company"), has recently received
a ruling from the Internal Revenue Service that would allow El Paso Energy to
reorganize its subsidiaries in order to align its business operations, which
would include the transfer of certain subsidiaries to El Paso Energy or other
entities owned by El Paso Energy. As a result, if El Paso Energy completes this
internal reorganization (the "Reorganization") the Company will continue to own
the interstate pipeline systems known as the TGP System, East Tennessee System,
Midwestern System, and the merchant services operations of El Paso Energy
Marketing. In addition, the Company will also own 100 percent of the
international operations of El Paso Energy International and the field services
operations of El Paso Field Services. If the Reorganization occurs, the Company
does not anticipate that it will occur before late 1998 or early 1999.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
None.
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SIGNATURE
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 TENNESSEE PIPELINE CO.
By /s/ JEFFREY I. BEASON
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Jeffrey I. Beason
Vice President and Controller
(Chief Accounting Officer)
Date: October 16, 1998
