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:  April 22, 2004
         (Date of Earliest Event Reported:  April 21, 2004)



                        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 and Regulation FD Disclosure
         -----------------------------------------
     On  April 21, 2004, we  announced  that  we  have agreed to sell our
interest  in a  domestic  merchant  power  plant  to  FPL  Energy, L.L.C.
for  approximately  $72  million.  In  the  transaction,  our  affiliates
will  sell  their 50-percent interest in  Bastrop  Energy  Partners L.P.,
which owns and operates a 543-megawatt natural gas-fired  merchant  plant
located in Bastrop, Texas.  A copy of this  press  release is attached as
Exhibit 99.A and is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits
         ---------------------------------
         (c)     Exhibits.

                   Exhibit
                   Number      Description
                   -------     -----------
                    99.A       Press release dated April 21, 2004.


Item 9.  Regulation FD Disclosure
         ------------------------
     Attached  is  an  email  correspondence  from  D. Dwight  Scott, our
Chief Financial Officer, to  our  Investors  and  Analysts.  The attached
Exhibit 99.B is not filed, but is furnished to comply with Regulation FD.
The information  disclosed in  this Item 9 Current Report on  Form 8-K is
not considered to be "filed" for purposes of Section 18 of the Securities
Exchange  Act of 1934 and  is not  subject  to the  liabilities  of  that
section.

         (a)     Exhibits.

                   Exhibit
                   Number     Description
                   -------    -----------

                    99.B      Email correspondence from D. Dwight Scott
                              dated April 21, 2004.


                            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:  April 22, 2004


                           EXHIBIT INDEX

     Exhibit
     Number       Description
     -------      -----------
      99.A        Press release dated April 21, 2004.

      99.B        Email to Investors dated April 21, 2004.