El Paso Corporation (NYSE: EP) today announced that its shareholders
approved the merger with Kinder Morgan, Inc. (NYSE: KMI) during a
special meeting of stockholders. Based on preliminary results,
approximately 79 percent of El Paso's outstanding shares of common stock
as of the record date were voted at the special meeting. Of the shares
that were voted, more than 95 percent voted in favor of the merger.
"We are pleased that our shareholders overwhelmingly approved the
pending merger with Kinder Morgan and we appreciate their support," said
Doug Foshee, El Paso chairman, president and chief executive officer.
"We view this as a tremendous outcome for our shareholders and
customers, and we look forward to closing the transaction, which is
still expected to occur in the second quarter."
El Paso will file a Form 8-K with the Securities and Exchange Commission
with the final results as soon as they are available. Once filed, it
will be available in the Investor section of the El Paso website at www.elpaso.com.
El Paso Corporation provides natural gas and related energy products in
a safe, efficient, and dependable manner. The company owns North
America's largest interstate natural gas pipeline system, one of North
America's largest independent exploration & production companies and an
emerging midstream business. El Paso owns a 42 percent limited partner
interest, and the 2 percent general partner interest in El Paso Pipeline
Partners, L.P. On October 16, 2011, El Paso Corporation announced that
it has entered into a definitive agreement whereby Kinder Morgan, Inc.
will acquire all of the outstanding shares of El Paso Corporation. For
more information, visit www.elpaso.com.
Important Additional Information Filed With The SEC
Kinder Morgan, Inc. ("KMI") has filed with the SEC a Registration
Statement on Form S-4 in connection with the proposed transactions
contemplated by the Merger Agreement, including a definitive Information
Statement/Prospectus of KMI and a definitive Proxy Statement of El Paso
Corporation ("EP"). The Registration Statement was declared effective by
the SEC on January 30, 2012. Post-effective amendments to the
Registration Statement were filed on February 27, 2012 and on March 1,
2012. KMI and EP mailed the definitive Information Statement/Prospectus
of KMI and definitive Proxy Statement of EP on or about January 31,
2012. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION
STATEMENT AND THE DEFINITIVE INFORMATION STATEMENT/PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED BY KMI OR EP, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders are able to obtain free
copies of the Registration Statement and the definitive Information
Statement/Proxy Statement/Prospectus and other documents filed with the
SEC by KMI and EP through the web site maintained by the SEC at www.sec.gov
or by phone, e-mail or written request by contacting the investor
relations department of KMI or EP at the following:
Kinder Morgan, Inc. Address: 500 Dallas Street, Suite 1000 Houston,
Texas 77002 Attention: Investor Relations Phone: (713) 369-9490
E-mail: kmp_ir@kindermorgan.com
El Paso Corporation Address: 1001 Louisiana Street Houston, Texas 77002
Attention: Investor Relations Phone: (713) 420-5855 E-mail: investorrelations@elpaso.com
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification
under the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
Safe Harbor For Forward-Looking Statements
Statements in this document regarding the proposed transaction between
KMI and EP, the expected timetable for completing the proposed
transactions, future financial and operating results, benefits and
synergies of the proposed transaction, future opportunities for the
combined company, the expected timetable for completing the sale of EP's
exploration and production assets, the possible drop-down of assets and
any other statements about KMI or EP managements' future expectations,
beliefs, goals, plans or prospects constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions) should
also be considered to be forward-looking statements. There are a number
of important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including: the ability to consummate the EP Energy Sale and the proposed
transactions contemplated by the Merger Agreement; the ability to obtain
the requisite regulatory approvals and the satisfaction of other
conditions to consummation of the transaction; the possibility that
financing might not be available on the terms agreed to; the ability to
consummate contemplated asset sales; the ability of KMI to successfully
integrate EP's operations and employees; the ability to realize
anticipated synergies and cost savings; the potential impact of
announcement of the transaction or consummation of the transaction on
relationships, including with employees, suppliers, customers and
competitors; the ability to achieve revenue growth; national,
international, regional and local economic, competitive and regulatory
conditions and developments; technological developments; capital and
credit markets conditions; inflation rates; interest rates; the
political and economic stability of oil producing nations; energy
markets, including changes in the price of certain commodities; weather
conditions; environmental conditions; business and regulatory or legal
decisions; the pace of deregulation of retail natural gas and
electricity and certain agricultural products; the timing and success of
business development efforts; terrorism; and the other factors described
in KMI's and EP's Annual Reports on Form 10-K for the year ended
December 31, 2011 and their most recent Exchange Act reports filed with
the SEC. Except as required by law, KMI and EP disclaim any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
