b'Letter from our President and CEOIn 2024, El Paso Electric advanced our pursuit of a cleaner future while we simultaneously positioned our region for unprecedented growth. We understand that sustainability is an expansive term, encompassing our environment, our community and our economy. To that end, we deployed strategies to address sustainability within all three. On the environmental front, we continued to invest in renewable resources and electrification. We began construction on Felina Solar, a 150 MW facility where 50 MW will be used for business solar. We also built additional community solar resources, allowing more of our Texas customers to participate in solar generation programs. To secure future resources, we issued an all-source RFP for 750 MW of new renewable resources and developed plans for an additional 200 MW of EPE-owned renewable generation. At the same time, we commissioned 228 MW Newman Unit 6, our cleanest, most efficient plant to support our goal to replace older, less efficient gas units.In addition, we implemented electrification programs in both our Texas and New Mexico service territories. We partnered with schools to add electric school buses and educated our customers about electrification. In a similar vein, we held many public information sessions to talk about the impact of using power during our peak and how our newly delivered smart meters allow customers to understand their own usage. Although not immediately obvious, using energy during peak times is one of the major challenges to our environment. To benefit our community, we invested $1.2M through our charitable foundation and almost $500,000 towards other community programs. Our employees dedicated approximately 13,500 hours of volunteer time and served on 60 community boards. We are particularly proud of our employee matching program, through which the company matched $400,000 in donations from 192 employees. Perhaps our largest achievement was the investments we made to keep our community safe and our economy growing. Witnessing other communities suffer from reliability challenges, we fortified our commitment to taking prudent actions to help minimize the likelihood of such catastrophic events happening here. From continuing our efforts to upgrade to steel poles in key parts of our service territory, adding predictive technologies and building additional substations to reinforced infrastructure, we stand poised to respond to any event. We paid particular attention to investments that bolster our cybersecurity in recognition of the key role we play in national security. As a result, in 2024, we delivered the most reliable service we have on record.Finally, responding to the significant, current and expected future energy demand growth, we made plans and took actions to position the region as the place to site new companies and grow current ones. With our regulatory, market structure, land, workforce and funding advantages, we marketed our region and are now ensuring all our customers benefit from the additions to our grid. In summary, 2024 was the year where we cemented our foundation for the most transformational growth we have had in our companys history, since its inception in 1901. The growth and transition of our energy landscape will have a lasting impact, shaping future generations to come.Sincerely,Kelly A. Tomblin President and Chief Executive Officer2'