EL PASO ELECTRIC CO. overview

El Paso Electric Company (EPE) (NYSE:EE) announced today that its acquisition by the Infrastructure Investments Fund (IIF) has closed. The new Board of Directors has appointed Kelly Tomblin as incoming Chief Executive Officer. Ms. Tomblin will join EPE after a three-decade career leading utilities both in the United States and internationally. She brings deep expertise in the generation, transmission and distribution sectors as well as renewable development, and energy services and sales. Most...

Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a “stub period” dividend in an amount equal to $0.004505 per share of EE common stock (which reflects the most recent regular quarterly EE common stock dividend rate of $0.41 per share, divided by 91 days), multiplied by the number of days from and including June 17, 2020, the day after the record date for the most recent regular quarterly EE common stock dividend, to and including the closing date of EE’s...

El Paso Electric Company (EPE) (NYSE:EE) and the Infrastructure Investments Fund (IIF) today announced that the Federal Energy Regulatory Commission (FERC) issued its final order approving the parties’ transaction. The FERC order marks the final regulatory approval needed to complete the transaction. EPE and IIF issued the following statement: We are pleased to have received the final regulatory approval needed to complete the acquisition of EPE by IIF, which further confirms the significant...

On Monday, July 13, 2020, El Paso Electric Company (EPE) (NYSE: EE) customers set a new peak demand for electricity of approximately 2,173 megawatts (MW), 9.5% or 188 MW higher than the peak established in 2019. This is the highest level of energy demand growth on record and it also surpasses EPE’s 2020 peak demand forecast and reaches peak demand levels that were expected in 2026. This press release features multimedia. View the full release here:...

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 EE’s previously announced acquisition by the Infrastructure Investments Fund (IIF). EE expects its Board of Directors to declare a “stub period” cash dividend in an amount equal to...

Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a cash dividend on shares of EE common stock. If EE’s previously announced acquisition by the Infrastructure Investments Fund (IIF) occurs on or before June 16, 2020, EE will pay a “stub period” cash dividend in an amount equal to $0.004231 per share (which reflects the most recent regular quarterly EE common stock dividend rate of $0.385 per share, divided by 91) multiplied by the number of days from and...

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that they have mutually agreed to extend the termination date for the transaction under the terms of the previously announced Agreement and Plan of Merger to September 1, 2020. As previously announced, the proposed acquisition is pending final approval from the Federal Energy Regulatory Commission (FERC). On April 15, 2020, EPE and IIF filed proposed mitigation options with the FERC as...

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. We are sensitive to the timing of this rate review, and as a regulated electric...