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:  June 5, 2003
         (Date of Earliest Event Reported:  June 5, 2003)

                        EL PASO CORPORATION
      (Exact name of Registrant as specified in its charter)


     Delaware             1-14365            76-0568816
  (State or other    (Commission File     (I.R.S. Employer
  jurisdiction of         Number)       Identification No.)
 incorporation or
   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 June 4, 2003, we announced that our subsidiaries  and  the
California  Parties  filed  with  the  Federal  Energy  Regulatory
Commission  for  approval  of a Structural  Settlement  to  resolve
claims relating to the Western Energy Crisis.  A copy of our  press
release  is attached as Exhibit 99.1 and is incorporated herein  by
reference.


Item 7.  Financial Statements, ProForma Financial Information and
         Exhibits
         -----------------------------------------------------------

          (c)  Exhibits.

                Exhibit
                 Number    Description
                --------   -----------
                  99.1     Press Release dated June 4, 2003.


                            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)

Dated:  June 5, 2003

                           EXHIBIT INDEX

     Exhibit
     Number       Description
     -------      ------------
      99.1        Press Release dated June 4, 2003.