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 $0.295 per share.
The dividend was declared on December 4, 2015 and is payable on December
30, 2015, to shareholders of record as of December 15, 2015.
El Paso Electric is a regional electric utility providing generation,
transmission and distribution service to approximately 400,000 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 2,010 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) full and timely 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) changes in
customers' demand for electricity as a result of energy efficiency
initiatives and emerging competing services and technologies; (v)
unanticipated increased costs associated with scheduled and unscheduled
outages of generating plant; (vi) the size of our construction program
and our ability to complete construction on budget; (vii) potential
delays in our construction schedule due to legal challenges or other
reasons; (viii) costs at Palo Verde; (ix) deregulation and competition
in the electric utility industry; (x) possible increased costs of
compliance with environmental or other laws, regulations and policies;
(xi) possible income tax and interest payments as a result of audit
adjustments proposed by the IRS or state taxing authorities; (xii)
uncertainties and instability in the financial markets and the resulting
impact on EE's ability to access the capital and credit markets; (xiii)
possible physical or cyber-attacks, intrusions or other catastrophic
events; and (xiv) 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151204005851/en/
El Paso Electric
Public Relations
Eddie Gutierrez,
915-543-5763
eduardo.gutierrez@epelectric.com
or
Investor
Relations
Lisa Budtke, 915-543-5947
lisa.budtke@epelectric.com
or
Richard
Gonzalez, 915-543-2236
richard.gonzalez@epelectric.com
Source: El Paso Electric
News Provided by Acquire Media