El Paso Electric Announces Quarterly Dividend
July 31 2014 - 08:00AM
Business Wire
The Board of Directors of El Paso Electric (NYSE:EE) has
declared a regular quarterly cash dividend on its common stock of
$0.28 per share. The dividend was declared on July 24, 2014, and is
payable on September 30, 2014, to shareholders of record on
September 15, 2014.
El Paso Electric is a regional electric utility providing
generation, transmission and distribution service to approximately
395,000 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 1,872
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; and (xiii) 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 ElectricPublic Relations:Eddie Gutierrez,
915-543-5763eduardo.gutierrez@epelectric.comorInvestor
Relations:John Boomer,
915-543-4347john.boomer@epelectric.comorLisa Budtke,
915-543-5947lisa.budtke@epelectric.comorRichard Gonzalez,
915-543-2236richard.gonzalez@epelectric.com
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