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El Paso Electric Appoints Thomas V. Shockley CEO

May 31, 2012

Shockley Has Served as Interim CEO Since January 2012

EL PASO, Texas--(BUSINESS WIRE)-- The El Paso Electric Company (EPE) Board of Directors today announced that Thomas V. Shockley, who has been serving as interim CEO since the resignation of David W. Stevens, has been appointed the Company's permanent CEO.

In making the announcement, Kenneth Heitz, Chairman of the Board, said, "Under Tom's leadership over the past few months, the Company has made significant progress in a number of areas including positioning the Company to play a leading role in supporting future economic growth in the region. We look forward to Tom's continued leadership for the benefit of our customers, communities, employees and shareholders."

Mr. Shockley brings over 35 years of experience in the utility industry to EPE. He was formerly Vice Chairman and Chief Operating Officer of American Electric Power (AEP) Company, one of the largest electric utilities in the country, and has been a member of EPE's Board of Directors since 2010. He also served as President and Chief Operating Officer of Central and South West Corporation, which is now part of AEP.

"El Paso Electric has a wonderful team and I look forward to continuing to lead and develop this team as CEO," Shockley said. "This is a great company with a great history and an even greater future. I look forward to working closely with all of our talented employees to continue to provide reliable electric service to the communities we serve. El Paso Electric has played an important role in the development of this region for more than 100 years and we intend to continue that tradition by working collaboratively in both our Texas and New Mexico service areas to encourage economic growth and prepare for the future."

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 380,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. With approximately 1,000 employees, El Paso Electric is one of the largest employers in the City of El Paso. El Paso Electric has a net dependable generating capability of 1,795 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
Steve Busser, 915-543-5983
Lisa Budtke, 915-543-5947

Source: El Paso Electric Company

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