92232--3/5/2008--SOUTHERN_NATURAL_GAS

related topics

{financial, litigation, operation}

{gas, price, oil}

{cost, contract, operation}

{operation, natural, condition}

{cost, regulation, environmental}

{condition, economic, financial}

{debt, indebtedness, cash}

{personnel, key, retain}

{stock, price, operating}

{customer, product, revenue}

Our revenues are generated under contracts that must be renegotiated periodically. Fluctuations in energy commodity prices could adversely affect our business. The agencies that regulate us and our customers could affect our profitability. Environmental compliance and remediation costs and the costs of environmental liabilities could exceed our estimates. Our operations are subject to operational hazards and uninsured risks. Four of our customers account for a majority of our firm transportation capacity. The expansion of our business by constructing new facilities subjects us to construction and other risks that may adversely affect our financial results. Adverse changes in general domestic economic conditions could adversely affect our operating results, financial condition, or liquidity. Risks Related to Our Affiliation with El Paso and the MLP We are a majority owned subsidiary of El Paso. Our business requires the retention and recruitment of a skilled workforce and the loss of employees could result in the failure to implement our business plan. Our relationship with El Paso and its financial condition subjects us to potential risks that are beyond our control. Our relationship with the MLP subjects us to potential conflicts of interest and they may favor their interests to the detriment of us.

Full 10-K form ▸

92232--3/5/2008--SOUTHERN_NATURAL_GAS_CO