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EXHIBIT 10.F
 EL PASO ENERGY CORPORATION
 2001 OMNIBUS INCENTIVE
COMPENSATION PLAN
 Effective as of January 29, 2001




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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
    
    
    32.11 Incentive Award
    
    
    42.12 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
    
    
    52.20 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
    
    
    72.29 Section 162(m)
    
    
    82.30 Subsidiary
    
    
    82.31 Total Shareholder Return
    
    
    82.32 Valuation Date
    
    
    8SECTION 3 ADMINISTRATION
    
    
    9SECTION 4 ELIGIBILITY
    
    
    10SECTION 5 SHARES AND UNITS AVAILABLE FOR THE PLAN
    
    
    10
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2001 Omnibus Incentive Compensation Plan
    
    
    
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SECTION 6 STOCK OPTIONS
    
    
    11SECTION 7 STOCK APPRECIATION RIGHTS
    
    
    18SECTION 8 LIMITED STOCK APPRECIATION RIGHTS
    
    
    20SECTION 9 PERFORMANCE UNITS
    
    
    209.1 Grants of Units
    
    
    209.2 Notice to Participants
    
    
    219.3 Vesting
    
    
    219.4 Valuation of Performance Units
    
    
    229.5 Entitlement to Payment
    
    
    239.6 Deferred Payment
    
    
    259.7 Acceleration of Payment Due to Change in Control
    
    
    26SECTION 10 RESTRICTED STOCK
    
    
    26SECTION 11 INCENTIVE AWARDS
    
    
    2911.1 Procedures for Incentive Awards
    
    
    2911.2 Performance Goal Certification
    
    
    2911.3 Maximum Incentive Award Payable
    
    
    2911.4 Discretion to Reduce Awards; Participants Performance
    
    
    2911.5 Required Payment of Incentive Awards
    
    
    3011.6 Restricted Stock Election
    
    
    3111.7 Deferred Payment
    
    
    3111.8 Payment Upon Change in Control
    
    
    31SECTION 12 REGULATORY APPROVALS AND LISTING
    
    
    32SECTION 13 EFFECTIVE DATE AND TERM OF PLAN
    
    
    33SECTION 14 GENERAL PROVISIONS
    
    
    34SECTION 15 COMPLIANCE WITH RULE 16b-3 AND SECTION 162(m)
    
    
    37SECTION 16 AMENDMENT, TERMINATION OR DISCONTINUANCE
OF THE PLAN
    
    
    37
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2001 Omnibus Incentive Compensation Plan
    
    
    
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EL PASO ENERGY CORPORATION
2001 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
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provided, however
 2.5 Change in Control
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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
 2.10 Good Reason
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2.11 Incentive Award
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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
  2.19 Performance Goals
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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
  2.28 Section 16 Insider
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2.29 Section 162(m)
  2.30 Subsidiary
  2.31 Total Shareholder Return
  2.32 Valuation Date
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SECTION 3 ADMINISTRATION
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SECTION 4 ELIGIBILITY
  SECTION 5 SHARES AND UNITS AVAILABLE FOR THE PLAN
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SECTION 6 STOCK OPTIONS
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Ten Percent (10%) Stockholders
  Annual Limitation
  Additional Terms
   Option Price
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Duration of Options
  Exercise of Options
  Payment
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Restrictions
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Nontransferability of Options
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Purchase for Investment
  Termination of Employment
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Death of Participant
  Change in Control
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Deferral Election
  Repricing
  SECTION 7 STOCK APPRECIATION RIGHTS
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SECTION 8 LIMITED STOCK APPRECIATION RIGHTS
      SECTION 9 PERFORMANCE UNITS
 9.1 Grants of Units
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9.2 Notice to Participants
  9.3 Vesting
 Vesting Schedule
  Change in Control
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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
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9.5 Entitlement to Payment
 Performance Certification
  Eligibility for Benefit Payments
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Form of Payment
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Retirement, Death, Disability or Termination of Employment
  9.6 Deferred Payment
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9.7 Acceleration of Payment Due to Change In Control
  SECTION 10 RESTRICTED STOCK
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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
  11.4 Discretion to Reduce Awards; Participants Performance
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11.5 Required Payment of Incentive Awards
   
  
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11.6 Restricted Stock Election
  11.7 Deferred Payment
  11.8 Payment Upon Change in Control
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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
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SECTION 13 EFFECTIVE DATE AND TERM OF PLAN
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SECTION 14 GENERAL PROVISIONS
     vice
versa,
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SECTION 15 COMPLIANCE WITH RULE 16b-3 AND SECTION 162(m)
   SECTION 16 AMENDMENT, TERMINATION OR DISCONTINUANCE
OF THE PLAN
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EL PASO ENERGY CORPORATIONBy:
    /s/ Joel Richards IIIJoel Richards IIIExecutive Vice President  /s/ David L. SiddallCorporate Secretary  El Paso Energy Corporation 
2001 Omnibus Incentive Compensation Plan
    
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