EL PASO, Texas--(BUSINESS WIRE)--
The Board of Directors of El Paso Electric Company ("EPE") (NYSE:EE) has
declared a regular quarterly cash dividend on its common stock of $0.31
per share. The dividend was declared on July 21, 2016 and is payable on
September 30, 2016 to shareholders of record as of the close of business
on September 14, 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 1,990 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. Factors that could cause or contribute to
such differences include, but are not limited to: (i) uncertainty of the
payment of the dividend described above on the expected payment date
thereof; (ii) increased prices for fuel and purchased power and the
possibility that regulators may not permit EPE to pass through all such
increased costs to customers or to recover previously incurred fuel
costs in rates; (iii) full and timely recovery of capital investments
and operating costs through rates in Texas and New Mexico; and (iv)
other factors detailed by EPE in its public filings with the Securities
and Exchange Commission. EPE's filings are available from the Securities
and Exchange Commission or may be obtained through EPE's website, http://www.epelectric.com.
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. Any such
forward-looking statement is qualified by reference to these risks and
factors. EPE cautions that these risks and factors are not exclusive.
EPE does not undertake to update any forward-looking statement that may
be made from time to time by or on behalf of EPE except as required by
law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005853/en/
El Paso Electric Company
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 Company
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