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El Paso Electric Fourth Quarter Earnings Release Date and Conference Call Notification

February 11, 2009

El Paso Electric expects to release fourth quarter earnings on February 25, 2009. El Paso Electric will host a conference call about the Fourth Quarter Earnings Release:

Date: February 25, 2009
Time: 8:30 a.m. MT (10:30 a.m. ET)
Dial in #: 866-835-8906
Conference Call ID: 1328563
Moderator: Scott Wilson, EPE Executive Vice President and Chief Financial and Administrative Officer

The conference call and presentation slides will be webcast live on El Paso Electric's website and through the following site:

Webcast Address:http:// www.epelectric.com

A replay of the conference call and webcast will be available after the call ends. Please provide conference ID to access the replay.

Replay #: 866-837-8032

Conference ID#: 1328563
Replay end date: March 11, 2009

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 363,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. El Paso Electric has a net dependable generating capability of 1,503 MW. El Paso Electric’s common stock trades on the New York Stock Exchange under the symbol EE.

Safe Harbor
This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: (i) increased prices for fuel and purchased power and the possibility that regulators may not permit EE to pass through all such increased costs to customers or to recover previously incurred fuel costs in rates; (ii) fluctuations in off-system sales margins due to uncertainty in the economy power market and the availability of generating units; (iii) unanticipated increased costs associated with scheduled and unscheduled outages; (iv) costs at Palo Verde, including additional costs relating to an enhanced NRC oversight and inspection regimen; (v) deregulation of the electric utility industry; (vi) possible increased costs of compliance with environmental or other laws, regulations and policies; (vii) possible income tax and interest payments as a result of audit adjustments proposed by the IRS; (viii) uncertainties and instability in the financial markets and the resulting impact on EE's ability to access the capital and credit markets; and (ix) other factors detailed by EE in its public filings with the Securities and Exchange Commission. EE’s filings are available from the Securities and Exchange Commission or may be obtained through EE’s website, http://www.epelectric.com. Any such forward-looking statement is qualified by reference to these risks and factors. EE cautions that these risks and factors are not exclusive. EE does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of EE except as required by law.

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