El Paso Electric Announces Quarterly Dividend
24 July 2015 - 6:30AM
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 July 23, 2015 and is
payable on September 30, 2015, to shareholders of record on
September 16, 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) 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150723006348/en/
El Paso ElectricPublic RelationsEddie Gutierrez,
915-543-5763eduardo.gutierrez@epelectric.comorInvestor
RelationsLisa Budtke,
915-543-5947lisa.budtke@epelectric.comorRichard Gonzalez,
915-543-2236richard.gonzalez@epelectric.com
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