El Paso Electric Announces Quarterly Dividend
January 28 2016 - 2:17PM
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,
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. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160128006331/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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