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EPE RECEIVES INTERIM EXTENSION OF FUEL OIL TRUST CREDIT FACILITY

 EPE RECEIVES INTERIM EXTENSION OF FUEL OIL TRUST CREDIT FACILITY
 EL PASO, Texas, Dec. 4 /PRNewswire/ -- El Paso Electric Company (NASDAQ: ELPA) announced today that the $5.7 million credit facility to its independent fuel oil trust, which was due to terminate Dec. 3, 1991, has been extended through Dec. 13, 1991. This extension will enable the company to continue negotiations with the lender on the facility for an extension through 1993 as part of the proposed comprehensive financial restructuring the company has been pursuing and is attempting to close by mid-December.
 El Paso Electric Company is an electric utility serving approximately 248,000 customers in El Paso, Texas, and the Rio Grande Valley in Texas and New Mexico. The company has a 15.8 percent interest in each of the three 1,270-megawatt nuclear units at the Palo Verde Nuclear Generating Station located near Phoenix, Ariz.
 -0- 12/4/91
 /CONTACT: Alan Lee Bunnell of El Paso Electric Company, 915-543-5823/
 (ELPA) CO: El Paso Electric Company ST: Texas IN: UTI SU: FNC


SH -- NY020 -- 9067 12/04/91 09:44 EST
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Publication:PR Newswire
Date:Dec 4, 1991
Words:182
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