“We are pleased to have received the assistance of our shareholders in our transaction with IIF and look forward to continuing the ongoing regulatory approval process,” said Adrian J. Rodriguez, interim CEO of El Paso Electric. “Serving the interests of our customers is a top priority for El Paso Electric and IIF, a committed partner with additional resources and expertise in the utilities and renewable energy sectors. We are confident that this agreement is in the public interest, particularly given the significant benefits to our customers, employees and the communities we serve. El Paso Electric is a regional energy provider that provides generation, transmission and distribution services to some 428,000 retail and wholesale customers in a 10,000-square-mile area of the Rio Grande Valley, west of Texas and southern New Mexico. @ElPasoElectric | Facebook www.epelectric.com | @ElPasoElectric Twitter. . Subject to obtaining the remaining approvals, including approvals or approvals from the Texas Public Utilities Commission, the New Mexico Public Regulatory Commission, the Federal Energy Regulatory Commission and the Municipality of El Paso, and compliance with the other closing conditions set forth in the agreement, the Company continues to expect the transaction to close in the first half of 2020. Unauthorized attempts to transfer information and/or modify information on any part of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. § 1001 and 1030). . If a user or application files more than 10 requests per second, other requests from the IP address(s) may be limited for a short time. Once the requirement rate has fallen below the threshold for 10 minutes, the user can continue accessing the content at SEC.gov.
This SEC practice was designed to limit excessive automated searches to SEC.gov and does not intend or expect that people searching the site SEC.gov will be affected. Certain facts discussed in this press release, with the exception of statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those declarations shall include those declarations relating to the administrative authorisations and the expected date of closure of the proposed transaction. Forward-looking statements often contain words such as “believe,” “anticipate,” “aim,” “anticipate,” “anticipate,” “predict,” “estimate,” “estimate,” “intend,” is intended to “plan,” “plan” and words that have similar meanings or are indicated by the company`s discussion of strategies or trends. Forward-looking statements describe the company`s future plans, objectives, expectations or objectives. Although the Company believes that the expectations expressed in such forward-looking statements are reasonable, it cannot be guaranteed that such expectations will prove to be accurate. These statements relate to future events and conditions and are not limited to statements regarding: (1) the proposed acquisition of the company by the parent company, (2) the administrative approvals for the proposed transaction, (3) the conclusion of the proposed transaction and (4) the expected date for the completion of the proposed transaction. Such information may involve risks and uncertainties that may result in actual results being materially deviding from such forward-looking statements. . . .