| El Paso Electric Company |
| (Exact Name of Registrant as Specified in Charter) |
| Texas | 0-296 | 74-0607870 |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) | Identification No.) | |
| Stanton Tower, 100 North Stanton, El Paso, Texas | 79901 | |
| (Address of principal executive offices) | (Zip Code) | |
| (915) 543-5711 | ||
| (Registrant’s telephone number, including area code) | ||
| N/A | ||
| (Former name or former address, if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
El Paso Electric Company (“the Company”) announced on May 12, 2005 that it is pricing $400 million of unsecured Senior Notes due May 15, 2035. The Senior Notes were priced at 99.422% of par with a coupon of 6% at a yield to maturity of 6.042% . The net proceeds of the offering will be used to fund the Company’s previously announced tender offer for its outstanding first mortgage bonds, and to fund the defeasance of the Company’s first mortgage bonds which are not tendered in the tender offer. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description |
| 99.1 | Press release issued by the Company dated May 12, 2005 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EL PASO ELECTRIC COMPANY | ||||
| Date: May 12, 2005 | By: | /s/ Kerry B. Lore | ||
| Name: | Kerry B. Lore | |||
| Title: | Vice President - Administration | |||
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| EXHIBIT INDEX | |
| Exhibit No. | Description |
| 99.1 | Press release issued by the Company dated May 12, 2005 |
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