~~Table of Contents~~UNITED STATES

~~UNITED STATES~~ SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT ~~REPORT~~ REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~Date~~Securities Exchange Act of ~~Report: December~~1934 ~~22, 2004~~

(Date of ~~Earliest Event Reported~~Report: ~~December 22, 2004)~~

~~EL PASO CGP COMPANY~~February 25, 2005

(~~Exact name~~ Date of ~~Registrant~~Earliest asEvent ~~specified~~Reported: inFebruary ~~its~~22, ~~charter~~2005)

~~Delaware~~EL ~~(State~~PASO ~~or other jurisdiction of incorporation or organization) 1-7176 (Commission File Number) 74-1734212 (I.R.S. Employer Identification No.)~~CGP COMPANY

El(Exact ~~Paso~~name ~~Building~~of ~~1001~~Registrant ~~Louisiana~~as ~~Street Houston,~~specified ~~Texas~~in ~~77002~~ its charter)

(Address of principal executive offices) (Zip Code)

Delaware	1-7176	74-1734212
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

~~Registrant’s telephone number, including area code (713) 420-2600~~El Paso Building

~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy~~1001 ~~the~~Louisiana ~~filing obligation of the registrant under any of the following provisions:~~ Street

~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~Houston, Texas 77002

o(Address of ~~Soliciting~~principal ~~material~~executive ~~pursuant~~offices) ~~to Rule 14a-12 under the Exchange Act~~ (17Zip ~~CFR 240.14a-12~~Code)

oRegistrant’s telephone ~~Pre-commencement~~number, ~~communications~~including ~~pursuant~~area tocode ~~Rule 14d-2~~(b713) ~~under the Exchange Act (17 CFR 240.14d~~ 420-~~2(b))~~ 2600

oCheck the ~~Pre~~appropriate box below if the Form 8-~~commencement~~K ~~communications~~filing ~~pursuant~~is intended to ~~Rule 13e-4(c)~~simultaneously satisfy ~~under~~the filing obligation of the ~~Exchange~~registrant ~~Act~~under ~~(17~~any ~~CFR~~of the following ~~240.13e-4(c))~~ provisions:

~~TABLE~~o Written communications OFpursuant ~~CONTENTS~~to Rule 425 under the Securities Act (17 CFR 230.425)

#0o Soliciting material ~~SIGNATURES~~pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~Table~~o Pre-commencement communications ofpursuant ~~Contents~~to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~Item~~o Pre-commencement communications ~~8.01.~~pursuant ~~Other~~to ~~Events~~Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

On December 21, 2004, we filed our quarterly report on Form 10-Q for the quarter ended September 30, 2004. After filing the report, we identified a transposition error in the production levels referenced on page 29 in the section entitled “Item ~~2 — Management’s Discussion and Analysis of~~ ~~Financial Condition and Results of Operations — Segment Results — Unregulated Businesses — Production Segment — Production and Capital Expenditures~~8.” In the second sentence of the first paragraph of that subsection, we stated that “We expect our fourth quarter of 2004 production to average 330 MMcfe/d and our annual production to average 295 MMcfe/d01.” ~~Those~~Other ~~numbers were inadvertently reversed~~Events.

~~The~~ On ~~second~~February ~~sentence~~22, 2005, inEl ~~the~~Paso ~~first~~Corporation ~~paragraph~~issued ~~under~~a ~~the~~press ~~subsection~~release titled “~~Production~~El Paso ~~and Capital~~Provides ~~Expenditures”~~Update on ~~page~~Exploration 29and ~~should~~Production ~~read~~Activities.” The release, ~~“We~~among ~~expect~~other things, ~~our~~provided ~~fourth~~information ~~quarter~~concerning ofDecember 31, 2004 ~~production~~proved tooil ~~average~~and natural ~~295~~gas ~~MMcfe/d~~reserves. The ~~and~~tables ~~our~~incorrectly ~~annual~~reflect ~~production~~the toinclusion ~~average~~of ~~330~~certain Brazilian ~~MMcfe/d~~reserves in El Paso CGP’s column of reserve information.” Those reserves are owned by El Paso Corporation, not El Paso CGP or El Paso Production Holding Company.

~~Table~~The ofrelease included ~~Contents~~a table under the heading "Year-End 2004 Proved Reserves" that reconciled proved reserves from December 31, 2003 to December 31, 2004 for El Paso Corporation, El Paso Production Holding Company (EPPH) and El Paso CGP Company (El Paso CGP). A corrected table is set forth below:

~~SIGNATURES~~ El Paso Corp. EPPH El Paso CGP Bcf Equivalent at Jan. 1, 2004 2,474 1,541 933 Production (298) (167) (122) Net Sales (29) (25) (4) Additions 205 70 37 Revisions (173) (132) (41) Bcf Equivalent at Dec. 31, 20041 2,181 1,288 804 PV102 ($MM) $4,760 $2,756 $1,875 1 Approximately 71 percent of the December 31, 2004 proved reserves are developed and 82 percent are natural gas. The company utilized a year-end natural gas price of $6.22 per MMBtu and a year-end oil price of $43.45 per barrel to determine its present value calculations. Excludes reserves of discontinued operations of 161 Bcfe at January 1, 2004. 2 Present value discounted at 10 percent per annum. Note: Figures may not total due to rounding. The release also included a table under the heading "Divisional Details-International" that set forth the proved reserves of El Paso Corporation, EPPH and El Paso CGP by region. A table reflecting the corrected reserves information in Bcfe by region and registrant is set forth below:

~~Pursuant~~ El toPaso ~~the~~Corp. EPPH El ~~requirements~~Paso ~~of the Securities Exchange Act of 1934~~CGP Onshore 1,196 1,084 112 Texas ~~the~~Gulf ~~registrant has duly~~Coast ~~caused~~ 510 66 443 Offshore 261 137 124 International1 214 - 125 Total 2,181 1,288 804 1 Excludes reserves ~~this~~of ~~report~~discontinued tooperations beof ~~signed~~161 onBcfe ~~its~~at ~~behalf~~January by1, 2004. Note: Figures ~~the~~may ~~undersigned~~not ~~thereunto~~total ~~duly~~due ~~authorized~~to rounding.

~~EL PASO CGP COMPANY By: /s/ Jeffrey I. Beason Jeffrey I. Beason Senior Vice President and Controller (Principal Accounting Officer)~~SIGNATURES

~~Dated:~~ Pursuant ~~December 22~~to the requirements of the Securities Exchange Act of 1934, ~~2004~~the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	EL PASO CGP COMPANY



	By:	/s/ Jeffrey I. Beason
		Jeffrey I. Beason
		*Senior Vice President and Controller*
		*(Principal Accounting Officer)*

Dated: February 25, 2005

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