El Paso Electric Company (NYSE:EE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 26, 2018, William A. Stiller notified the Board of Directors of El Paso Electric Company (the “Company”) that he was retiring as the Company’s Senior Vice President and Chief Human Resources Officer effective February 1, 2019.
On December 26, 2018, the Company announced the selection of resource additions needed by the 2022-2023 summer peak season. The generation mix includes utility scale solar, battery storage, and natural gas. In addition, the Company expects to pursue the purchase of wind and solar generated power to provide for fuel diversity and energy cost savings. A copy of the Press Release issued by the Company on December 26, 2018, announcing the selection of resource additions, is attached as Exhibit 99.1 to this Current Report on Form 8-K.
None of the information furnished in this Item 5.02 or the accompanying Exhibit 99.1 will be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor will it be deemed incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended.
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Item 5.02 |
Financial Statements and Exhibits. |
EL PASO ELECTRIC CO /TX/ Exhibit
EX-99.1 2 exh991.htm EXHIBIT 99.1 PRESS RELEASE ISSUED BY THE COMPANY DATED DECEMBER 26,…
To view the full exhibit click here
About El Paso Electric Company (NYSE:EE)
El Paso Electric Company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts. The Company’s energy sources consists of approximately 47% nuclear fuel, 34% natural gas, 6% coal, 13% purchased power and 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company has power purchase agreements for over 107 Megawatts from solar photovoltaic generation facilities. The Company serves approximately 404,500 residential, commercial, industrial, public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico. In addition, its wholesale sales include sales for resale to other electric utilities and power marketers.
