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El Paso Electric Announces Quarterly Dividend

January 28, 2016

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 January 28, 2016 and is payable on March 31, 2016 to shareholders of record as of March 15, 2016.

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 within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This information often involves risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. The statements in this news release that are not historical statements, including statements regarding the declaration of a regular dividend and the expected payment date thereof, and any other statements regarding EE's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. Additional information concerning factors that could cause actual results to differ materially from those expressed in forward-looking statements is contained in EE's most recently filed periodic reports and in other filings made by EE with the U.S. Securities and Exchange Commission (the "SEC"), and includes, but is not limited to: 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; full and timely recovery of capital investments and operating costs through rates in Texas and New Mexico; uncertainties and instability in the general economy and the resulting impact on EE's sales and profitability; deregulation and competition in the electric utility industry; and other factors of which we are currently unaware or deem immaterial. EE's filings are available from the SEC or may be obtained through EE's website, Although El Paso Electric believes that the expectations reflected in such forward-looking statements are reasonable, no assurances can be given that these expectations will prove to be correct. Forward-looking statements speak only as of the date of this news release, and EE does not undertake to update any forward-looking statement contained herein.

El Paso Electric
Public Relations
Eddie Gutierrez, 915-543-5763
Investor Relations
Lisa Budtke, 915-543-5947
Richard Gonzalez, 915-543-2236

Source: El Paso Electric

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