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EXHIBIT 10.E
 EL PASO ENERGY CORPORATION
 1999 OMNIBUS INCENTIVE 
COMPENSATION PLAN
 Effective as of January 20, 1999




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TABLE OF CONTENTS
 SECTION 1 PURPOSES
    
    
    1SECTION 2 DEFINITIONS
    
    
    12.1 Adjusted Value
    
    
    12.2 Beneficiary
    
    
    12.3 Board of Directors
    
    
    12.4 Cause
    
    
    12.5 Change in Control
    
    
    22.6 Code
    
    
    32.7 Common Stock
    
    
    32.8 Exchange Act
    
    
    32.9 Fair Market Value
    
    
    32.10 Good Reason
    
    
    42.11 Incentive Award
    
    
    52.12 Incentive Stock Option
    
    
    52.13 Management Committee
    
    
    52.14 Maximum Annual Employee Grant
    
    
    52.15 Nonqualified Option
    
    
    52.16 Option Price
    
    
    52.17 Participant
    
    
    52.18 Performance Cycle
    
    
    52.19 Performance Goals
    
    
    62.20 Performance Peer Group
    
    
    62.21 Performance Period
    
    
    62.22 Performance Ranking Position
    
    
    72.23 Performance Unit or Units
    
    
    72.24 Permanent Disability or Permanently Disabled
    
    
    72.25 Plan Administrator
    
    
    72.26 Restricted Stock
    
    
    72.27 Rule 16b-3
    
    
    72.28 Section 16 Insider
    
    
    82.29 Section 162(m)
    
    
    82.30 Subsidiary
    
    
    82.31 Total Shareholder Return
    
    
    82.32 Valuation Date
    
    
    8SECTION 3 ADMINISTRATION
    
    
    8SECTION 4 ELIGIBILITY
    
    
    10SECTION 5 SHARES AND UNITS AVAILABLE FOR THE PLAN
    
    
    10
 El Paso Energy Corporation
    
    
    
    Table of Contents1999 Omnibus Incentive Compensation Plan
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SECTION 6 STOCK OPTIONS
    
    
    11SECTION 7 STOCK APPRECIATION RIGHTS
    
    
    18SECTION 8 LIMITED STOCK APPRECIATION RIGHTS
    
    
    19SECTION 9 PERFORMANCE UNITS
    
    
    209.1 Grants of Units
    
    
    209.2 Notice to Participants
    
    
    209.3 Vesting
    
    
    209.4 Valuation of Performance Units
    
    
    219.5 Entitlement to Payment
    
    
    229.6 Deferred Payment
    
    
    259.7 Acceleration of Payment Due to Change in Control
    
    
    25SECTION 10 RESTRICTED STOCK
    
    
    25SECTION 11 INCENTIVE AWARDS
    
    
    2811.1 Procedures for Incentive Awards
    
    
    2811.2 Performance Goal Certification
    
    
    2811.3 Maximum Incentive Award Payable
    
    
    2811.4 Discretion to Reduce Awards; Participants Performance
    
    
    2911.5 Required Payment of Incentive Awards
    
    
    2911.6 Restricted Stock Election
    
    
    3011.7 Deferred Payment
    
    
    3011.8 Payment Upon Change in Control
    
    
    30SECTION 12 REGULATORY APPROVALS AND LISTING
    
    
    31SECTION 13 EFFECTIVE DATE AND TERM OF PLAN
    
    
    32SECTION 14 GENERAL PROVISIONS
    
    
    32SECTION 15 COMPLIANCE WITH RULE 16b-3 AND SECTION 162(m)
    
    
    35SECTION 16 AMENDMENT, TERMINATION OR DISCONTINUANCE
OF THE PLAN
    
    
    35
 El Paso Energy Corporation
    
    
    
    Table of Contents1999 Omnibus Incentive Compensation Plan
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EL PASO ENERGY CORPORATION
1999 OMNIBUS INCENTIVE COMPENSATION PLAN
 SECTION 1 PURPOSES
  SECTION 2 DEFINITIONS
  2.1 Adjusted Value
  2.2 Beneficiary
  2.3 Board of Directors
  2.4 Cause
  El Paso Energy Corporation
    
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provided, however
 2.5 Change in Control
  El Paso Energy Corporation
    
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2.6 Code
  2.7 Common Stock
  2.8 Exchange Act
  2.9 Fair Market Value
 The Wall Street Journal
   The Wall Street Journal
 El Paso Energy Corporation
    
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2.10 Good Reason
        El Paso Energy Corporation
    
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2.11 Incentive Award
  2.12 Incentive Stock Option
  2.13 Management Committee
  2.14 Maximum Annual Employee Grant
  2.15 Nonqualified Option
  2.16 Option Price
  2.17 Participant
  2.18 Performance Cycle
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2.19 Performance Goals
   2.20 Performance Peer Group
  2.21 Performance Period
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2.22 Performance Ranking Position
  2.23 Performance Unit or Units
  2.24 Permanent Disability or Permanently Disabled
  2.25 Plan Administrator
  2.26 Restricted Stock
  2.27 Rule 16b-3
  El Paso Energy Corporation
    
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2.28 Section 16 Insider
  2.29 Section 162(m)
  2.30 Subsidiary
  2.31 Total Shareholder Return
  2.32 Valuation Date
  El Paso Energy Corporation
    
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SECTION 3 ADMINISTRATION
     El Paso Energy Corporation
    
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SECTION 4 ELIGIBILITY
  SECTION 5 SHARES AND UNITS AVAILABLE FOR THE PLAN
     El Paso Energy Corporation
    
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SECTION 6 STOCK OPTIONS
    El Paso Energy Corporation
    
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Ten Percent (10%) Stockholders
  Annual Limitation
  Additional Terms
   Option Price
  Duration of Options
  El Paso Energy Corporation
    
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Exercise of Options
  Payment
   El Paso Energy Corporation
    
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Restrictions
  Nontransferability of Options
  El Paso Energy Corporation
    
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Purchase for Investment
  El Paso Energy Corporation
    
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Termination of Employment
            El Paso Energy Corporation
    
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Death of Participant
  Change in Control
  Deferral Election
  El Paso Energy Corporation
    
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SECTION 7 STOCK APPRECIATION RIGHTS
     El Paso Energy Corporation
    
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SECTION 8 LIMITED STOCK APPRECIATION RIGHTS
   El Paso Energy Corporation
    
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SECTION 9 PERFORMANCE UNITS
 9.1 Grants of Units
  9.2 Notice to Participants
  9.3 Vesting
 Vesting Schedule
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Change in Control
  9.4 Valuation of Performance Units
  Initial and Continuing Value
 
 Adjusted Value
  Companys Performance
    
    AdjustedRanking Position
    
    Value1st Quartile
    
    $
    1502nd Quartile
    
    $
    1003rd Quartile
    
    $
    504th Quartile
    
    $
    0
 El Paso Energy Corporation
    
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9.5 Entitlement to Payment
 Performance Certification
  Eligibility for Benefit Payments
    El Paso Energy Corporation
    
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Form of Payment
  El Paso Energy Corporation
    
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Retirement, Death, Disability or Termination of Employment
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9.6 Deferred Payment
  9.7 Acceleration of Payment Due to Change In Control
  SECTION 10 RESTRICTED STOCK
  El Paso Energy Corporation
    
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El Paso Energy Corporation
    
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El Paso Energy Corporation
    
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SECTION 11 INCENTIVE AWARDS
 11.1 Procedures for Incentive Awards
  (a)
    
    the Participants who shall be eligible to receive an Incentive Award for a
Performance Period,(b)
    
    the Performance Goals for such Performance Period, and(c)
    
    the maximum Incentive Award amount payable to each Participant if the
Performance Goals are met.
  11.2 Performance Goal Certification
  11.3 Maximum Incentive Award Payable
  El Paso Energy Corporation
    
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11.4 Discretion to Reduce Awards; Participants Performance
  11.5 Required Payment of Incentive Awards
         El Paso Energy Corporation
    
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11.6 Restricted Stock Election
  11.7 Deferred Payment
  El Paso Energy Corporation
    
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11.8 Payment Upon Change in Control
  Percentage of Annual Salary
    
    Participants employed by the Company holding any of the following positions and Participants employed by Company subsidiaries with positions equivalent  thereto, but not necessarily with the same titles:100% of Annual Salary
    
    Chairman of the Board, President, Chief Executive Officer, Vice
Chairman of the Board, Chief Operating Officer, or Executive Vice President80% of Annual Salary
    
    Senior Vice President60% of Annual Salary
    
    Vice President
   SECTION 12 REGULATORY APPROVALS AND LISTING
   El Paso Energy Corporation
    
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SECTION 13 EFFECTIVE DATE AND TERM OF PLAN
  El Paso Energy Corporation
    
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SECTION 14 GENERAL PROVISIONS
     vice
versa,
  El Paso Energy Corporation
    
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El Paso Energy Corporation
    
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SECTION 15 COMPLIANCE WITH RULE 16b-3 AND SECTION 162(m)
   El Paso Energy Corporation
    
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SECTION 16 AMENDMENT, TERMINATION OR DISCONTINUANCE
OF THE PLAN
      El Paso Energy Corporation
    
    Page 361999 Omnibus Incentive Compensation Plan




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EL PASO ENERGY CORPORATIONBy:
    /s/ Joel Richards IIIJoel Richards IIIExecutive Vice President
Human Resources and Administration  /s/ David L. SiddallCorporate Secretary
 El Paso Energy Corporation
    
    Page 371999 Omnibus Incentive Compensation Plan