El Paso Electric Company’s $150 Million Senior Notes Offering

Hunton & Williams LLP advised underwriters on an SEC-registered offering by El Paso Electric Company of $150 million in aggregate principal amount of its 5.000% Senior Notes due 2044. This offering constituted the reopening of a series of notes originally issued in December 2014.

El Paso Electric Company (“EPE” or the “Company”) is a public utility 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. EPE also serves a full requirements wholesale customer in Texas. EPE owns or has significant ownership interests in several electrical generating facilities, currently providing the Company with a net dependable generating capability of approximately 2,055 MW. For the year ended December 31, 2015, EPE’s energy sources consisted of approximately 47% nuclear fuel, 34% natural gas, 6% coal, 13% purchased power and less than 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company continues to expand its portfolio of renewable energy sources, particularly solar photovoltaic generation. As of December 31, 2015, the Company has power purchase agreements for 107 MW from solar photovoltaic generation facilities.

The Hunton & Williams team included Pete O’Brien, Christina Kwon and Douglas Dua. Cary Tolley and Emily Winbigler provided tax advice.