El Paso pushes to reduce debt, exit trading

Troubled natural gas services provider and pipeline operator El Paso Corp has continued its effort both to reduce its debt with two further non-core-asset sales and to exit trading, with various management changes. But some industry sources are sceptical that it has done enough to reassure shareholders.

On January 25, Houston-based El Paso sold its 50% stake in CE Generation to TransAlta USA, a subsidiary of Calgary-based generator TransAlta Corp, for $240 million. The deal includes the rights to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here