El Paso Merchant Energy completes sale of Colorado power plant


HOUSTON, Nov. 4, 2002 -- El Paso Merchant Energy Group on Monday announced the sale of the combined 213-megawatt electric generating facilities located near Brush, Colorado to a subsidiary of MDU Resources Group Inc.

Brush Power, LLC, a subsidiary of Centennial Power, Inc., the independent power production unit of MDU Resources, will own the facilities.

The natural gas-fired, combined-cycle power generating facilities include three separate units, the first of which commenced commercial operations in October 1990. The plant has capacity payment contracts to sell 95 percent of the electricity to the Public Service Company of Colorado.

Colorado Energy Management has served as the sole operator for all the facilities and will continue to operate the facilities under an operating agreement with Brush Power, LLC.

El Paso Corporation is a provider of natural gas services and the largest pipeline company in North America. The company has leading positions in natural gas production, gathering and processing, and transmission, as well as liquefied natural gas transport and receiving, petroleum logistics, power generation, and merchant energy services.

El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy. For more information, visit www.elpaso.com .

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