El Paso Electric

El Paso Electric Announces Payment of Quarterly Dividend of $0.41

Wednesday, July 1, 2020 - 12:38am

El Paso Electric Company (NYSE:EE) announced that it paid a full regular cash dividend of $0.41 per share of EE common stock on June 30, 2020 to shareholders of record as of the close of business on June 16, 2020.

Key Points: 
  • El Paso Electric Company (NYSE:EE) announced that it paid a full regular cash dividend of $0.41 per share of EE common stock on June 30, 2020 to shareholders of record as of the close of business on June 16, 2020.
  • EE had previously announced that the amount of the dividend depended on the closing date of EEs previously announced acquisition by the Infrastructure Investments Fund (IIF).
  • As previously announced, EE and IIF have extended the end date for the transaction to September 1, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 435,000 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 Declares Dividend

Saturday, June 6, 2020 - 12:20am

Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a cash dividend on shares of EE common stock.

Key Points: 
  • Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a cash dividend on shares of EE common stock.
  • If the IIF acquisition occurs after June 16, 2020, EE will pay a regular quarterly cash dividend of $0.41 per share.
  • If the IIF acquisition occurs after June 16, the regular quarterly cash dividend will be payable on June 30, 2020, in accordance with EEs regular dividend schedule, to shareholders of record as of the close of business on June 16, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 435,000 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 Files Required Base Rate Review in New Mexico to Comply with NMPRC Order

Saturday, May 30, 2020 - 1:12am

As required by the New Mexico Public Regulation Commission (NMPRC) in connection with an order in 2016, El Paso Electric (EPE) (NYSE: EE) today filed a base rate review with the NMPRC.

Key Points: 
  • As required by the New Mexico Public Regulation Commission (NMPRC) in connection with an order in 2016, El Paso Electric (EPE) (NYSE: EE) today filed a base rate review with the NMPRC.
  • The timing for the review and the deadline for filing today was set in January 2020 and approved by the NMPRC in March 2020.
  • The timing of this filing is required to comply with an order originally issued in 2016 from the NMPRC.
  • The review will also consider EPEs proposed expanded pricing options to promote efficient use of energy for all customers.

El Paso Electric First Quarter 2020 Earnings Release Date

Wednesday, April 29, 2020 - 10:26pm

El Paso Electric Company (the Company) (NYSE:EE) will release its financial results for the three months ended March 31, 2020 on Friday, May 8, 2020.

Key Points: 
  • El Paso Electric Company (the Company) (NYSE:EE) will release its financial results for the three months ended March 31, 2020 on Friday, May 8, 2020.
  • For additional information on El Paso Electrics financial results and the pending Merger Agreement, click here .
  • El Paso Electric Company is a regional electric utility providing generation, transmission and distribution service to approximately 434,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
  • Forward-looking statements speak only as of the date of this news release, and the Company does not undertake to update any forward-looking statement contained herein.

New Mexico Public Regulation Commission Unanimously Approves Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund

Wednesday, March 11, 2020 - 10:03pm

El Paso Electric Company (EPE) (NYSE: EE) and The Infrastructure Investments Fund (IIF) today announced that the New Mexico Public Regulation Commission (NMPRC) approved IIFs proposed acquisition of EPE.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and The Infrastructure Investments Fund (IIF) today announced that the New Mexico Public Regulation Commission (NMPRC) approved IIFs proposed acquisition of EPE.
  • EPE and IIF issued the following statement:
    We are pleased that the NMPRC approved the unopposed stipulation and the Hearing Examiners modifications.
  • Todays unanimous approval by the NMPRC confirms the significant value the proposed acquisition will provide to our customers, employees and communities.
  • As previously announced, the proposed transaction is expected to close in the first half of 2020, with one remaining regulatory approval needed from the Federal Energy Regulatory Commission.

El Paso Electric License Transfer Approved by U.S. Nuclear Regulatory Commission

Friday, March 6, 2020 - 7:21pm

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the U.S. Nuclear Regulatory Commission (NRC) approved the joint application for the indirect transfer of control of EPEs ownership interest in the Palo Verde Nuclear Generating Station to IIF as a result of its proposed acquisition of EPE.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the U.S. Nuclear Regulatory Commission (NRC) approved the joint application for the indirect transfer of control of EPEs ownership interest in the Palo Verde Nuclear Generating Station to IIF as a result of its proposed acquisition of EPE.
  • EPE and IIF issued the following statement:
    This approval marks another important milestone in connection with IIFs proposed acquisition of El Paso Electric.
  • As previously announced, the Public Utility Commission of Texas, the City of El Paso, Texas, the Federal Trade Commission, and the Federal Communications Commission have all approved the acquisition.
  • Approvals from the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission are still pending.

El Paso Electric Announces Quarterly Dividend

Friday, February 28, 2020 - 9:41pm

The Board of Directors of El Paso Electric Company (NYSE:EE) has declared a regular quarterly cash dividend on its common stock of $0.385 per share.

Key Points: 
  • The Board of Directors of El Paso Electric Company (NYSE:EE) has declared a regular quarterly cash dividend on its common stock of $0.385 per share.
  • The dividend was declared on February 28, 2020 and is payable on March 31, 2020 to shareholders of record as of the close of business on March 17, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 433,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
  • This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

El Paso Electric Fourth Quarter Earnings Release Date

Tuesday, February 18, 2020 - 11:18pm

El Paso Electric Company (the Company) (NYSE:EE) will release its financial results for the three months and twelve months ended December 31, 2019 on Wednesday, February 26, 2020.

Key Points: 
  • El Paso Electric Company (the Company) (NYSE:EE) will release its financial results for the three months and twelve months ended December 31, 2019 on Wednesday, February 26, 2020.
  • El Paso Electric Company is a regional electric utility providing generation, transmission and distribution service to approximately 432,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
  • 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 the Company does not undertake to update any forward-looking statement contained herein.

City of El Paso Approves Assignment of Franchise Application in Connection with the Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund

Tuesday, February 4, 2020 - 11:39pm

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the City of El Paso, Texas (City of El Paso) consented to the acquisition of EPE by an affiliate of IIF by approving EPEs Franchise Assignment Application filed with the City of El Paso on September 20, 2019.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the City of El Paso, Texas (City of El Paso) consented to the acquisition of EPE by an affiliate of IIF by approving EPEs Franchise Assignment Application filed with the City of El Paso on September 20, 2019.
  • EPE and IIF issued the following statement:
    We want to thank the City of El Paso for approval of the franchise assignment application.
  • As previously announced, the proposed transaction is expected to close in the first half of 2020, subject to receipt of additional regulatory approvals and other customary closing conditions.
  • This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

Public Utility Commission of Texas Approves Proposed Acquisition of El Paso Electric by Infrastructure Investments Fund

Thursday, January 16, 2020 - 10:40pm

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the Public Utility Commission of Texas (PUCT) approved IIFs proposed acquisition of EPE as being in the public interest.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the Public Utility Commission of Texas (PUCT) approved IIFs proposed acquisition of EPE as being in the public interest.
  • We look forward to continuing to work with the other regulators to complete this transaction in the first half of 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 431,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
  • This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.