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1. El Paso Electric Common Stock trading information:
* Traded on the New York Stock Exchange (NYSE)
* The ticker symbol is EE.
2. Common stock dividend payment policy:
El Paso Electric does not currently pay a dividend on common stock and
cannot predict when or at what level cash dividends will be reinstated.
3. Can I buy or sell stock directly though El Paso Electric?
El Paso Electric does not offer direct stock purchases or sales. Stock
transactions should be handled through a stock brokerage firm of your
choice.
4. El Paso Electric Securities CUSIP Numbers:
Common Stock CUSIP: 283677-85-4
First Mortgage Bonds
In June 2008, EE issued $150.0 million in unsecured senior notes
7.5% Senior Notes, due 3-15-38 283677AXO
In May 2005, EE issued $400 million in unsecured senior notes
6.0% Senior Notes, due 5-15-35 283677AW2
On May 5, 2005, EE commenced an early debt tender offer of its
Series D and E First Mortgage Bonds. On May 12, 2005, EE replaced
the First Mortgage Bonds with $400 million of Unsecured Senior Notes.
8.90 % Series D, due 2-01-06 283677AT9 - Early Tender
9.40 % Series E, due 5-01-11 283677AU6 - Early Tender
7.25 % Series A, due 2-01-99 283677AQ5 - Redeemed
7.75 % Series B, due 5-01-01 283677AR3 - Redeemed
8.25 % Series C, due 2-01-03 283677AS1 - Redeemed
5. What happened to the Preferred Stock?
CUSIP: 283677-80-5
On March 1, 1999, the Company used cash on hand to pay for the early redemption of the Series A Preferred Stock. The Company paid the redemption price, accrued cash dividends and a premium, totaling approximately $150 million. As a result of the early redemption of the Series A Preferred Stock, the Company avoided additional cash dividends of approximately $2.7 million that would have occurred through May 1, 1999 and $4 million quarterly through 2008. The preferred stock had an annual dividend rate of 11.40%.
6. Is El Paso Electric affiliated with El Paso Corporation?
No, there is no affiliation. El Paso Electric is a public utility engaged in the generation, transmission and distribution of electricity in west Texas and southern New Mexico. El Paso Corporation is a provider of natural gas products and services in North America.
El Paso Corporation’s Investor Contact Information is:
713-420-5855 or Email: InvestorRelations@elpaso.com
Website: El Paso Corporation |
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