EL PASO, Texas--(BUSINESS WIRE)--
The Board of Directors of El Paso Electric (NYSE:EE) has declared a
regular quarterly cash dividend on its common stock of $0.265 per share.
The dividend was declared on January 23, 2014, and is payable on March
31, 2014, to shareholders of record on March 14, 2014.
El Paso Electric is a regional electric utility providing generation,
transmission and distribution service to approximately 392,000 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 1,852 MW.
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) recovery of capital investments and operating
costs through rates in Texas and New Mexico; (iii) uncertainties and
instability in the general economy and the resulting impact on EE's
sales and profitability; (iv) unanticipated increased costs associated
with scheduled and unscheduled outages of generating plant; (v) the size
of our construction program and our ability to complete construction on
budget; (vi) potential delays in our construction schedule due to legal
challenges or other reasons; (vii) costs at Palo Verde; (viii)
deregulation and competition in the electric utility industry; (ix)
possible increased costs of compliance with environmental or other laws,
regulations and policies; (x) possible income tax and interest payments
as a result of audit adjustments proposed by the IRS or state taxing
authorities; (xi) uncertainties and instability in the financial markets
and the resulting impact on EE's ability to access the capital and
credit markets; and (xii) 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.
El Paso Electric
Public Relations:
Eddie Gutierrez,
915-543-5763
eduardo.gutierrez@epelectric.com
or
Investor
Relations:
Steve Busser, 915-543-5983
steve.busser@epelectric.com
or
Lisa
Budtke, 915-543-5947
lisa.budtke@epelectric.com
Source: El Paso Electric
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