On January 9, 2017, El Paso Electric Company (the Company)
entered into an Extension and Increase Confirmation, dated as of
January 9, 2017 (the Confirmation), by and among the Company, The
Bank of New York Mellon Trust Company, N.A., not in its
individual capacity, but solely in its capacity as successor
trustee of the Rio Grande Resources Trust II (the Trustee and
together with the Company, collectively, the Borrowers), each of
the Persons designated on the pages thereto as an Extending
Lender (collectively, the Extending Lenders), and JPMorgan Chase
Bank, N.A., as administrative agent for the Lenders (in such
capacity, the Administrative Agent) and as Issuing Bank, whereby
the aggregate Total Commitment under the Borrowers revolving
credit facility increased from $300.0 million to $350.0 million
and the Initial Maturity Date was extended for an additional
one-year period to January 14, 2020, in each case, in accordance
with the relevant provisions of that certain Second Amended and
Restated Credit Agreement, dated as of January 14, 2014 (the
Credit Agreement) by and among the Company, the Trustee, the
Administrative Agent, and various lending banks party thereto.
Unless otherwise defined in this Current Report on Form 8-K,
capitalized terms used in this Current Report on Form 8-K shall
have the meanings specified in the Credit Agreement.

The description set forth above is qualified in its entirety by
reference to the Confirmation, a copy of which is filed as
Exhibit 10.1 to this Current Report and incorporated herein by
reference.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated
by reference into this Item 2.03.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.