[Federal Register Volume 67, Number 206 (Thursday, October 24, 2002)]
[Notices]
[Page 65380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-27151]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration on the New York Stock Exchange, Inc. (El Paso 
Tennessee Pipeline Co., 8\1/4\% Cumulative Preferred Stock, Series A) 
File No. 1-09864

October 18, 2002.
    El Paso Tennessee Pipeline Co., a Delaware corporation 
(``Issuer''), has filed an application with the Securities and Exchange 
Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'')\1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its 8\1/4\% Cumulative Preferred Stock, 
Series A (``Security''), from listing and registration on the New York 
Stock Exchange, Inc. (``NYSE'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of the NYSE rules governing an issuer's voluntary 
withdrawal of a security from listing and registration.
    The Board of Trustees (``Board'') of the Issuer approved a 
resolution on October 8, 2002 to withdraw the Issuer's Security from 
listing on the NYSE. In making its decision to withdraw the Issuer's 
Security from the Exchange, the Board notes that the Security is held 
by less than three hundred (300) persons. In addition, the board 
considered the low number of record holders, the erratic and thin 
trading of the securities, and the burden on the Issuer's resources due 
to the costs associated with maintaining the listing requirements for 
its Security.
    The Issuer's application relates solely to the Security's 
withdrawal from listing on the NYSE and from registration under section 
12(b) of the Act \3\ and shall not affect its obligation to be 
registered under section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before November 8, 2002, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the NYSE and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter. 
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    \5\ 17 CFR 200.30-3(a)(1).

    For the Commission, by the Division of Market Regulation, 
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pursuant to delegated authority.\5\

Jonathan G. Katz,
Secretary.
[FR Doc. 02-27151 Filed 10-23-02; 8:45 am]
BILLING CODE 8010-01-P