EL PASO, Texas--(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.
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 Electric
John Boomer, 915-543-4347
Source: El Paso Electric