El Paso Energy completes merger with Coastal

With a total enterprise value of over $50 billion, El Paso Energy is now the fourth largest U.S. energy company. Both companies once again produced exceptionally strong financial results in 2000, and the combined company is expected to achieve 20-percent earnings per share growth in 2001. The implementation of El Paso’s proven re-engineering and operational streamlining is expected to result in cost savings in excess of $200 million per year.

NEW YORK, NY, Jan. 29, 2001 – Moody’s Investors Service changed the direction of its review of Green Mountain Power Corporation’s (GMP) security ratings to possible upgrade instead of possible downgrade.

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