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El Paso Electric Issues Requests for Proposals for Power Sources

July 01, 2011

EL PASO, Texas--(BUSINESS WIRE)-- On June 28, 2011, El Paso Electric (EPE) (NYSE:EE) issued a Request for Proposals (RFP) to obtain offers for dispatchable power resources with peaking and cycling capability. EPE seeks supply-side and demand-side proposals that offer low-cost, reliable electric resource option(s) that best meet its "peaking" capacity need of approximately 60 to 100 MW during its summer hours in 2014 and 2015 and 160 to 200 MW in 2016. EPE will consider acquiring firm energy and firm peaking power resources through a combination of dispatchable supply-side and demand-side options proposed in response to this RFP.

EPE's RFP is posted on its website at www.epelectric.com. For further detail and requirements, please refer to EPE's 2011 Electric Peaking Power Supply RFP.

A "Notice of Intent to Bid", Attachment 8.1, must be submitted by 5 p.m. MDT on July 21, 2011.

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 378,000 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 1,643 MW. El Paso Electric's common stock trades on the New York Stock Exchange under the symbol EE.

El Paso Electric
Teresa Souza, 915-543-5823

Source: El Paso Electric

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