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Last $36.85 USD
Change Today 0.00 / 0.00%
Volume 0.0
EE On Other Exchanges
New York
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

el paso electric co (EE) Key Developments

El Paso Electric Co. - Shareholder/Analyst Call

To discuss the 2015 New Mexico Rate Case

El Paso Electric Co. Announces Expansion Plans

El Paso Electric Co. will be adding four new renewable generation resources to cater to its growing service territory. By the end of the second quarter, the company will be requesting approval to build and operate three more solar facilities: the 3-MW to 5-MW Montana Power Station Solar Project near the existing natural gas-fired Montana Power Station, a 5-MW facility at Holloman Air Force Base in New Mexico, and possibly a 2-MW facility in Las Cruces, N.M. And as El Paso Electric delves into more renewable energy investments, it has plans underway to exit its minority interest in the coal-fired Four Corners power plant by selling its stake in units 4 and 5.

El Paso Electric Co. Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for 2015

El Paso Electric Co. announced unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company's total operating revenues were $114,842,000 compared to $116,015,000 a year ago. Earnings before interest, taxes, depreciation and amortization was $34,468,000 compared to $35,572,000 a year ago. Income before income taxes was $4,442,000 compared to $6,088,000 a year ago. Net income was $3,458,000 compared to $4,615,000 a year ago. Diluted earnings per share was $0.09 compared to $0.11 a year ago. Net cash provided by operating activities was $26,452,000 compared to $31,312,000 a year ago. Cash additions to utility property, plant and equipment was $73,865,000 compared to $48,255,000 a year ago. Cash additions to nuclear fuel was $10,183,000 compared to $11,822,000 a year ago. Book value per common share was $24.14 compared to $23.55 a year ago. Income for the quarter ended March 31, 2015, when compared to the same period last year, was negatively affected by: Increased interest on long-term debt due to the interest accrued on the $150 million senior notes issued in December 2014. Decreased miscellaneous income due to the gain on the sale of land in first quarter of 2014 with no comparable activity in the current quarter. Decreased deregulated Palo Verde Unit 3 revenues, primarily due to a 35% decrease in proxy market power prices reflecting a decline in the price of natural gas. Increased depreciation and amortization due to an increase in depreciable plant. Total sales were 2,343,406,000 kWh for the quarter against 2,315,935 kWh a year ago. The company is affirming earnings guidance range for 2015 of $1.75 to $2.15 per share. Capital expenditures for 2015 are expected to be $259.5 million.

El Paso Electric Co., Q1 2015 Earnings Call, May 06, 2015

El Paso Electric Co., Q1 2015 Earnings Call, May 06, 2015

El Paso Electric Co. to Report Q1, 2015 Results on May 06, 2015

El Paso Electric Co. announced that they will report Q1, 2015 results at 8:30 AM, Mountain Standard Time on May 06, 2015


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