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1 July 2005 -- El Paso Corp. will sell its interests in four power plants located in China to GP China Limited for approximately $71 million. El Paso holds an approximate 26 percent indirect ownership interest in the 190 MW Meizhou Wan power plant; an 80 percent indirect ownership interest in the 60 MW Nanjing power plant; a 60 percent indirect ownership interest in the 60 MW Suzhou power plant; and a 60 percent indirect ownership interest in the 25 MW Wuxi power plant. Since its March 17, 2005 long-range plan update, the company has announced or closed $0.6 billion of its targeted $1.2 billion to $1.6 billion of asset sales.

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