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Exhibit 10.Y


INDEMNIFICATION AGREEMENT




RECITALS






SECTION 1. Right To Indemnification







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SECTION 2. Right To Bring Suit




SECTION 3. Nonexclusivity of Rights




SECTION 4. Insurance, Contracts and
Funding




SECTION 5. Change of Control






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| | (I) An acquisition (other than directly from the Company)
    of any voting securities of the Company (the Voting
    Securities) by any Person (as the term
    person is used for purposes of Section 13(d) or
    14(d) of the Securities Exchange Act of 1934, as amended (the
    Exchange Act)), immediately after which such Person
    has Beneficial Ownership (within the meaning of
    Rule 13d-3
    promulgated under the Exchange Act) of more than twenty percent
    (20%) of (1) the then-outstanding shares of common stock of
    the Company (or any other securities into which such shares of
    common stock are changed or for which such shares of common
    stock are exchanged) (the Shares) or (2) the
    combined voting power of the Companys then-outstanding
    Voting Securities; provided, however, that in
    determining whether a Change in Control has occurred pursuant to
    this paragraph (I), the acquisition of Shares or Voting
    Securities in a Non-Control Acquisition (as
    hereinafter defined) shall not constitute a Change in Control. A
    Non-Control Acquisition shall mean an acquisition by
    (i) an employee benefit plan (or a trust forming a part
    thereof) maintained by (A) the Company or (B) any
    corporation or other Person the majority of the voting power,
    voting equity securities or equity interest of which is owned,
    directly or indirectly, by the Company (for purposes of this
    definition, a Related Entity), (ii) the Company
    or any Related Entity, or (iii) any Person in connection
    with a Non-Control Transaction (as hereinafter
    defined);



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| | (II) The individuals who, as of the Effective Date, are
    members of the board of directors of the Company (the
    Incumbent Board), cease for any reason to constitute
    at least a majority of the members of the board of directors of
    the Company or, following a Merger (as hereinafter defined), the
    board of directors of (x) the corporation resulting from
    such Merger (the Surviving Corporation), if fifty
    percent (50%) or more of the combined voting power of the
    then-outstanding voting securities of the Surviving Corporation
    is not Beneficially Owned, directly or indirectly, by another
    Person (a Parent Corporation) or (y) if there
    is one or more than one Parent Corporation, the ultimate Parent
    Corporation; provided, however, that, if the
    election, or nomination for election by the Companys
    common stockholders, of any new director was approved by a vote
    of at least two-thirds of the Incumbent Board, such new director
    shall, for purposes of the Plan, be considered a member of the
    Incumbent Board; and provided, further,
    however, that no individual shall be considered a member
    of the Incumbent Board if such individual initially assumed
    office as a result of an actual or threatened solicitation of
    proxies or consents by or on behalf of a Person other than the
    board of directors of the Company (a Proxy Contest),
    including by reason of any agreement intended to avoid or settle
    any Proxy Contest; or
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| | (III) The consummation of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           



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| | (i) A merger, consolidation or reorganization (1) with
    or into the Company or (2) in which securities of the
    Company are issued (a Merger), unless such Merger is
    a Non-Control Transaction. A Non-Control
    Transaction shall mean a Merger in which:



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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| | (A) the stockholders of the Company immediately before such
    Merger own directly or indirectly immediately following such
    Merger at least fifty percent (50%) of the combined voting power
    of the outstanding voting securities of (x) the Surviving
    Corporation, if there is no Parent Corporation or (y) if
    there is one or more than one Parent Corporation, the ultimate
    Parent Corporation;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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| | (B) the individuals who were members of the Incumbent Board
    immediately prior to the execution of the agreement providing
    for such Merger constitute at least a majority of the members of
    the board of directors of (x) the Surviving Corporation, if
    there is no Parent Corporation, or (y) if there is one or
    more than one Parent Corporation, the ultimate Parent
    Corporation; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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| | (C) no Person other than (1) the Company, (2) any
    Related Entity, or (3) any employee benefit plan (or any
    trust forming a part thereof) that, immediately prior to the
    Merger, was maintained by the Company or any Related Entity, or
    (4) any Person who, immediately prior to the Merger had
    Beneficial Ownership of twenty percent (20%) or more of the then
    outstanding Shares or Voting Securities, has Beneficial
    Ownership, directly or indirectly, of twenty percent (20%) or
    more of the combined voting power of the outstanding voting
    securities or common stock of (x) the Surviving
    Corporation, if fifty percent (50%) or more of the combined
    voting power of the then outstanding voting securities of the
    Surviving Corporation is not Beneficially Owned, directly or
    indirectly by a Parent Corporation, or (y) if there is one
    or more than one Parent Corporation, the ultimate Parent
    Corporation;



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| | (ii) A complete liquidation or dissolution of the
    Company; or                                                                                                                                                                                                                                                                                                                                                                                                                                    
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| | (iii) The sale or other disposition of all or substantially
    all of the assets of the Company and its subsidiaries taken as a
    whole to any Person (other than (x) a transfer to a Related
    Entity, (y) a transfer under conditions that would
    constitute a Non-Control Transaction, with the disposition of
    assets being regarded as a Merger for this purpose or
    (z) the distribution to the Companys stockholders of
    the stock of a Related Entity or any other assets).



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| | Notwithstanding the foregoing, a Change in Control shall not be
    deemed to occur solely because any Person (the Subject
    Person) acquired Beneficial Ownership of more than the
    permitted amount of the then outstanding Shares or Voting
    Securities as a result of the acquisition of Shares or Voting
    Securities by the Company which, by reducing the number of
    Shares or Voting Securities then outstanding, increases the
    proportional number of shares Beneficially Owned by the Subject
    Persons; provided, that if a Change in Control would
    occur (but for the operation of this sentence) as a result of
    the acquisition of Shares or Voting



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| | Securities by the Company and, after such share acquisition by
    the Company, the Subject Person becomes the Beneficial Owner of
    any additional Shares or Voting Securities and such Beneficial
    Ownership increases the percentage of the then outstanding
    Shares or Voting Securities Beneficially Owned by the Subject
    Person, then a Change in Control shall occur.

Change in Control of the Company.




SECTION 6. No Modification




SECTION 7. Subrogation




SECTION 8. No Duplication of Payments




SECTION 9. Notification and Defense of
Proceedings






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| | (a) the Company will be entitled to participate therein at
    its own expense; and                                                                                                                                                                                                                                                                                                                                                               
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| | (b) except as otherwise provided below, to the extent that
    it may wish, the Company jointly with any other indemnifying
    party similarly notified will be entitled to assume the defense
    thereof, with counsel satisfactory to Participant. After notice
    from the Company to Participant of its election to assume the
    defense thereof, the Company will not be liable to Participant
    under this Agreement for any legal or



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| | other expenses subsequently incurred by Participant in
    connection with the defense thereof other than reasonable costs
    of investigation or as otherwise provided below. Participant
    shall have the right to employ its counsel in such proceeding,
    but the fees and expenses of such counsel incurred after notice
    from the Company of its assumption of the defense thereof shall
    be at the expense of Participant unless (i) the employment
    of counsel by Participant has been authorized by the Company,
    (ii) Participant shall have reasonably concluded that there
    may be a conflict of interest between the Company and
    Participant in the conduct of the defense of such proceeding or
    (iii) the Company shall not in fact have employed counsel
    to assume the defense of such proceeding, in each of which cases
    the fees and expenses of counsel shall be at the expense of the
    Company. The Company shall not be entitled to assume the defense
    of any proceeding brought by or on behalf of the Company or as
    to which Participant shall have made the conclusion provided for
    in clause (ii) of this subsection 9(b).
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| | (c) The Company shall not be liable to indemnify
    Participant under this Agreement for any amounts paid in
    settlement of any proceeding effected by Participant without the
    Companys prior written consent. The Company shall not
    settle any proceeding in any manner which would impose any
    penalty or limitation on Participant without Participants
    prior written consent. Neither the Company nor Participant will
    unreasonably withhold their consent to any proposed settlement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

SECTION 10. No Presumptions




SECTION 11. Acknowledgment of Reliance




SECTION 12. Miscellaneous








| |                    
| | -------------------
| | EL PASO CORPORATION



| |     | 
| | --- | 
| | By: | 

| |                        
| | -----------------------
| |                        
| | Name: Douglas L. Foshee

| |        |                                    
| | ------ | -----------------------------------
| | Title: | President & Chief Executive Officer

| |                         
| | ------------------------
| | Hereunto duly authorized



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Schedule A


OFFICER AND PLAN FIDUCIARY INDEMNIFICATION
AGREEMENTS




|                          |  |                  
|------------------------- |  | -----------------
|Name                      |  | Effective Date   
|                          |  |                  
|a. Douglas L. Foshee      |  | December 17, 2004
|b. Robert W. Baker        |  | December 17, 2004
|c. Stephen C. Beasley     |  | August 4, 2005   
|d. Jeffrey I. Beason      |  | December 17, 2004
|e. James J. Cleary        |  | August 4, 2005   
|f. Gregory G. Gruber      |  | August 4, 2005   
|g. David M. Leland        |  | August 4, 2005   
|h. Daniel B. Martin       |  | August 4, 2005   
|i. Susan B. Ortenstone    |  | December 17, 2004
|j. D. Dwight Scott        |  | December 17, 2004
|k. John W. Somerhalder II |  | December 17, 2004
|l. Lisa A. Stewart        |  | December 17, 2004
|m. John R. Sult           |  | December 1, 2005 
|n. Gene T. Waguespack     |  | August 4, 2005   
|o. James C. Yardley       |  | August 4, 2005