El Paso Electric Announces Quarterly Dividend
July 22 2016 - 6:01PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160722005853/en/
El Paso Electric CompanyPublic 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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