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EPE ANNOUNCES RETIREMENT OF THREE SENIOR OFFICERS

 EL PASO, Tex., Jan. 4 /PRNewswire/ -- El Paso Electric (NASDAQ-NMS: ELPAQ)("EPE") announced today that three of its senior officers have accepted a voluntary early retirement plan (the "plan") effective Jan. 3, 1994. The three senior officers accepting the plan include: William J. Johnson, senior vice president-financial group and chief financial officer; Ignacio R. Troncoso, senior vice president- operations group; and William W. Royer, senior vice president-special projects.
 Two other senior officers, Lawrence M. Downum, vice president- corporate services, and Frederic E. Mattson; vice president-power supply, also have been offered the voluntary early retirement plan, but have not yet made a decision. In accordance with the plan, both men have until Feb. 3, 1994, to accept or reject the proposal. The plan was approved by the U.S. Bankruptcy Court on Dec. 9, 1993.
 El Paso Electric Company, which filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code on Jan. 8, 1992, and received Court confirmation of its plan of reorganization on Dec. 6, 1993, is an electric utility serving approximately 258,000 customers in El Paso, Texas, and an area of the Rio Grande Valley in West Texas and Southern New Mexico, and to wholesale customers located in such diverse locations as Southern California and Mexico.
 -0- 1/4/93
 /CONTACT: Alan Lee Bunnell of El Paso Electric, 915-543-5823/
 (ELPAQ)


CO: El Paso Electric Company ST: Texas IN: UTI SU: PER

TM -- NY057 -- 9088 01/04/94 18:23 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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