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: July 22, 2002 (Date of Earliest Event Reported: July 22, 2002) EL PASO CORPORATION (Exact name of Registrant as specified in its charter) Delaware 1-14365 76-0568816 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or File Number) Identification No.) organization) El Paso Building 1001 Louisiana Street Houston, Texas 77002 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 420-2600 Item 5. Other Events ------------ On July 22, 2002, we issued the press release filed herewith as Exhibit 99.1 announcing the completion of the removal of ratings triggers on our $1 billion Clydesdale minority interest financing transaction. The removal of the trigger in the Clydesdale financing is the final step in the elimination of all triggers contemplated in our balance sheet enhancement plan announced in December 2001. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits ------------------------------------------------------------------ c) Exhibits. Exhibit Number Description ------- ----------- 99.1 Press Release dated July 22, 2002. 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 thereunto duly authorized. EL PASO CORPORATION By: /s/ Jeffrey I. Beason --------------------- Jeffrey I. Beason Senior Vice President and Controller (Principal Accounting Officer) Date: July 22, 2002 EXHIBIT INDEX Exhibit Number Description ------- ----------- 99.1 Press Release dated July 22, 2002.