El Paso Electric Announces Quarterly Dividend

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 $0.335 per share.
The dividend was declared on February 1, 2018 and is payable on March
30, 2018 to shareholders of record as of March 16, 2018.

El Paso Electric is a regional electric utility providing generation,
transmission and distribution service to approximately 418,000 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
("SEC"). 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.

Contacts

El Paso Electric
Public Relations:
Eddie Gutierrez,
915-543-5763
eduardo.gutierrez@epelectric.com
or
Investor
Relations:
Lisa Budtke, 915-543-5947
lisa.budtke@epelectric.com
or
Richard
Gonzalez, 915-543-2236
richard.gonzalez@epelectric.com