El Paso Electric Announces Quarterly Dividend
January 26 2017 - 7:17PM
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
January 26, 2017 and is payable on March 31, 2017 to shareholders
of record as of the close of business on March 17, 2017.
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.
Safe Harbor
This news release includes statements that are forward-looking
statements made pursuant to the safe harbor provisions of the
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. This
information may involve risks and uncertainties that could cause
actual results to differ materially from such forward-looking
statements. 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 include, but is
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) full and timely
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, including distributed generation; (v)
unanticipated increased costs associated with scheduled and
unscheduled outages of generating plant; (vi) unanticipated
maintenance, repair, or replacement costs for generation,
transmission, or distribution facilities and the recovery of
proceeds from insurance policies providing coverage for such costs;
(vii) the size of our construction program and our ability to
complete construction on budget and on time; (viii) potential
delays in our construction schedule due to legal challenges or
other reasons; (ix) costs at Palo Verde; (x) deregulation and
competition in the electric utility industry; (xi) possible
increased costs of compliance with environmental or other laws,
regulations and policies; (xii) possible income tax and interest
payments as a result of audit adjustments proposed by the IRS or
state taxing authorities; (xiii) uncertainties and instability in
the financial markets and the resulting impact on EE's ability to
access the capital and credit markets; (xiv) possible physical or
cyber attacks, intrusions or other catastrophic events; and (xv)
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. Any such forward-looking
statement is qualified by reference to these risks and factors. EE
cautions that these risks and factors are not exclusive. Management
cautions against putting undue reliance on forward-looking
statements or projecting any future results based on such
statements or present or prior earnings levels. 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/20170126006368/en/
El Paso Electric CompanyPublic Relations:Eddie Gutierrez,
915-543-5763eduardo.gutierrez@epelectric.comorInvestor
Relations:Lisa Budtke,
915-543-5947lisa.budtke@epelectric.comorRichard Gonzalez,
915-543-2236richard.gonzalez@epelectric.com
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