employee ethics - PUC Interchange

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-12: EMPLOYEE ETHICS SPONSOR: DAVID C. HAWKINS PREPARER: ANGIE ARREOLA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

SCHEDULE FR-12 PAGE 8 OF 46

judgment and the performance of work in the best interest of the Company, its subsidiaries,

affiliates, shareholders, customers and the public.

A conflict of interest exists whenever a person's private interest intersects in any way, or

even appears to intersect, with the interest of the Company, including its subsidiaries and

affiliates. A conflict of interest can arise when an employee, officer or director takes an

action or has an interest that may make it difficult for him or her to perform his or her work

objectively and effectively. Conflicts of interest may also arise when an employee, officer or

director (or his or her family members) receives improper personal benefits as a result of the

employee's, officer's or director's position in the Company. Conflicts include any activity,

interest or association that might compromise, or even appear to compromise, the

independent exercise of a person's judgment in the best interest of the Company, its

subsidiaries, affiliates, shareholders, customers and the public.

Although it would not be possible to describe every situation in which a conflict of interest

may arise, the following are examples of situations which may constitute a conflict of

interest. For the purposes of these examples, a person's immediate family includes that

person's spouse, parents, siblings, children, parents-in-law, as well as any other individual

living with that person. As used a below, a material financial interest is one that might

compromise, or even appear to compromise, the independent exercise of a person's judgment

in the best interest of the Company, its subsidiaries, affiliates, shareholders, customers and

the public.

1. Working, in any capacity, for a competitor, customer, contractor or supplier while

employed by the Company. Any outside employment or business activities must not

conflict with, have the potential to conflict with, or even appear to conflict with, the

employee's ability to properly perform work for the Company. Employees cannot seek

financial remuneration for themselves, their families or their associates from third parties

by holding themselves out to be representatives of the Company or by representing to

such third parties that they possess proprietary information or influence due to

employment with the Company that may be used to the advantage of such third parties. In

addition, employees should not wear clothing which displays the Company logo while

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working for financial gain outside of the Company. Employees shall not use their

Company identification badge for any purpose other than to identify themselves as

Company employees performing Company business. Employees should not engage in

any outside employment which has a negative impact on their availability to the

Company for work or their ability to perform assigned duties during their normal work

hours.

2. Accepting gifts of more than modest value (i.e., more than $50.00) or receiving

personal discounts or other benefits as a result of your position in the Company

from a competitor, customer, contractor or supplier. Except for items of nominal

value, employees and members of their immediate family may not directly or indirectly

request or receive cash, bonuses, fees, commissions, gifts, gratuities, private or personal

discounts from suppliers, or contractors, or entertainment or any other form of similar

consideration from any person, corporation, partnership or other entity with which the

Company does business or is likely to do business. Strict adherence to this policy is

essential to maintain unquestioned integrity in Company business relationships.

If a gift or gratuity of more than nominal value is offered or received, the gift or gratuity

should be refused or returned with a polite explanation of the Company's policy, and the

employee should notify his supervisor or manager. Regardless of value, an employee

should decline any item offered with the intent to improperly influence the employee in

the performance of the employee's duties for the Company.

This policy does not preclude employees from providing or accepting meals and

refreshments that are business related, are reasonable, and properly reported in

accordance with Company procedures. Acceptance of such meals is contrary to the

policy when the employee has, or should have, any reason to believe that the offer was

made with the intent to improperly influence the employee in the performance of the

employee's duties for the Company.

Entertainment through special events, such as football games, golf outings, social dinner

meetings and other basically social events, is not condoned as a prerequisite for doing

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business with the Company. Elaborate entertainment, such as overnight or weekend

trips, should be avoided. Senior executive officers may attend special events sponsored

by suppliers or other organizations associated with the Company after receiving pre-

approval from the Chief Executive Officer, who may establish conditions as he or she

deems appropriate.

3. Knowingly competing with the Company for the acquisition of property or services.

Employees, officers and directors, and members of their immediate family, shall not

knowingly acquire any material interest in any property that the Company is acquiring or

is likely to acquire. This policy applies to all direct and indirect interests, but not to

ordinary course transactions for businesses owned by any director (which are covered by

a separate policy under applicable regulations). Exceptions to this policy may be granted

only after complying with the disclosure and exception procedures set out in Section U.

Examples of prohibited transactions include:

i. Having an interest in a transaction involving the Company. a customer or supplier

(not including routine investments in publicly traded companies). Employees,

officers and directors, and members of their immediate family, shall not

knowingly have any material financial interest in any: (a) transaction to which the

Company is a party; (b) corporations, partnerships or other entities with which the

Company does business or is likely to do business (providing electric service to

customers does not constitute doing business for purposes of this section); or (c)

corporations, partnerships, or other entities that compete with the Company.

This policy applies to all direct and indirect interests. Exceptions to this policy

may be granted only after complying with the disclosure and exception

procedures set out in Section U.

ii. Receiving a loan or guarantee of an obligation as a result of your position with the

Company.

iii. Directing business to a supplier or contractor owned or managed by, or which

employs, a relative or friend.

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Situations involving a conflict of interest may not always be obvious or easy to resolve.

You should report actions that may involve a conflict of interest to the Senior Vice

President, Corporate Planning and Development and Chief Compliance Officer.

In order to avoid conflicts of interests, each of the senior executive officers and directors

must disclose to the Senior Vice President, Corporate Planning and Development and

Chief Compliance Officer any material transaction or relationship that reasonably could

be expected to give rise to such a conflict, who shall notify the Nominating and Corporate

Governance Committee of any such disclosure. Conflicts of interests involving the

Senior Vice President, Corporate Planning and Development and Chief Compliance

Officer shall be disclosed to the Nominating and Corporate Governance Committee.

D. Outside Business Contacts

In the course of performing assigned duties, employees, officers and directors frequently

have business contacts outside the Company with customers, suppliers, competitors,

governmental agencies, and the news media. Employees, officers and directors should only

perform services, provide information, and answer questions that fall within the realm of

their responsibilities.

Inquiries from the news media should be directed to the Public Relations Department.

Inquiries from shareholders and other investors in the Company, as well as analysts, should

be directed to the Investor Relations Department. Other inquiries regarding stock ownership

or record keeping should be directed to the Office of the Secretary.

E. Government Inquiries and Investigations

It is the policy of the Company to cooperate fully with any appropriate governmental agency

conducting an investigation. A condition of such cooperation, however, is that the Company

be represented adequately in the investigation by its own legal counsel. Accordingly, any

time anyone in the Company obtains any knowledge that would lead to a belief that a

government investigation or inquiry is underway or imminent, this information should be

communicated immediately to the Office of the General Counsel. This applies any time any

government investigator wants to ask questions about individual activities, whether the

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questions are asked on or off Company property. In addition, should anyone receive a

government inquiry through a written subpoena or written request for information, such

request should immediately be submitted to the Office of the General Counsel before any

action is taken or promised.

F. Compliance with Antitrust Laws

The antitrust laws prohibit agreements among competitors on such matters as prices, terms of

sale to customers and allocating markets or customers. Antitrust laws can be very complex,

and violations may subject the Company and its employees to criminal sanctions, including

fines, jail time and civil liability. If you have any questions, consult the Office of the General

Counsel.

G. Community and Professional Organizations

The Company has a long-standing commitment to good corporate citizenship. The Company

supports and encourages involvement in community activities and professional organizations.

It expects its employees, officers and directors to pursue these interests in a responsible

manner and in a manner that will reflect favorably upon the employee, officer or director and

the Company.

Before accepting any position with a community or professional organization, employees,

officers and directors should evaluate carefully whether the position could cause, or even

appear to cause, a conflict of interest.

H. Political Contributions and Activities

Any political contributions made by or on behalf of the Company and any solicitations for

political contributions of any kind must be lawful and in compliance with Company policies.

This policy applies solely to the use of Company assets and is not intended to discourage or

prevent individual employees, officers or directors from making political contributions or

engaging in political activities on their own behalf. No one may be reimbursed directly or

indirectly by the Company for personal political contributions.

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I. Loans and Gifts of Company Goods

No employee, without prior approval by the appropriate supervisor, manager, or officer, may

offer Company property, loans, contributions or unpaid services to a member of the public,

or to any employee or agent of another company or governmental entity. Bribes, kickbacks

or illegal political contributions are expressly forbidden. The Company shall not extend or

maintain credit, arrange for the extension of credit, or renew credit in the form of a personal

loan to or for any director or officer of the Company.

J. Protection and Proper Use of Company Assets

All employees, officers and directors shall protect Company assets and comply with

appropriate internal controls to safeguard Company assets against damage or loss from

unauthorized use or disposition. Loss, theft and misuse of Company assets directly impact

our profitability. Any suspected loss, misuse or theft should be reported to the Office of the

General Counsel.

Employees, officers, directors and contractors doing business with the Company must follow

all Company policies, practices and procedures, particularly those involving accuracy of

records and safeguarding of Company property. Use of any Company asset for personal

gain, including use of equipment, material, supplies, contractors, or personnel, is prohibited.

The sole purpose of the Company's equipment, vehicles and supplies is the conduct of our

business. They may only be used for Company business consistent with Company

guidelines.

K. Trading on Inside Information

Federal laws expressly prohibit employees from using "inside" or material non-public

information when trading in Company securities. Information is considered "material" if

there is a substantial likelihood that a reasonable investor would consider it important in

arriving at a decision to buy, sell or hold stock of the Company. Examples of information

that might be deemed material include: preliminary income reports, earnings estimates,

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significant expansion or curtailment of operations, sale or purchase of substantial assets,

major litigation, or other items that could have a significant effect on the Company.

Using material non-public information to trade in securities, or providing a family member,

friend or any other person with a "tip", is illegal. All non-public information should be

considered inside information and should never be used for personal gain. You are required

to familiarize yourself and comply with the Company's policy against insider trading, copies

of which are distributed to all employees, officers and directors and are available from the

Office of the General Counsel. You should contact the Office of the General Counsel with

any questions about your ability to buy or sell securities.

L. Protection of Confidential and Proprietary Information

Confidential and proprietary information generated and gathered in our business is a valuable

Company asset. Protecting this information plays a vital role in our continued growth and

ability to compete, and all proprietary information should be maintained in strict confidence,

except when disclosure is authorized by the Company or required by law.

All employees, officers and directors must protect proprietary information, both technical

and commercial, that is confidential, privileged or valuable to the Company. Confidential

and Proprietary Information includes all non-public information that might be useful to

competitors or that could be harmful to the Company or its customers or vendors if disclosed.

Intellectual property such as trade secrets, patents, trademarks and copyrights, as well as

business, research and new product plans, objectives and strategies, records, databases, salary

and benefits data, employee medical information, customer, employee and suppliers lists and

any unpublished financial or pricing information must also be protected. These same

protections apply to information supplied to the Company by custoiners and vendors.

The use or disclosure of this information is for Company purposes only and not for personal

benefit or for the benefit of others. To preserve confidentiality, disclosure and discussion of

proprietary or competitive information should be limited to those employees who have a

need to know the information.

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Information concerning employees, customers or shareholders constitutes Confidential and

Proprietary Information that should not be disclosed to others, within or outside the

Company, except as authorized by an appropriate Company officer or Company counsel for a

legitimate Company need or if required by government agencies or courts.

Every employee, officer and director shall respect copyright and intellectual property laws

and shall observe the terms and conditions of any license agreements to which the Company

has agreed. In most cases, this means that the Company does not have a right to copy

copyrighted or other protected materials, including computer software that is licensed.

Copyright and intellectual property laws and Company policy also prohibit individuals from

using or reproducing, for personal purposes, programs or materials they use at work.

Unauthorized use or distribution of proprietary information violates Company policy and

could be illegal. Such use or distribution could result in negative consequences for both the

Company and the individuals involved, including potential legal and disciplinary actions.

We respect the property rights of other companies and their proprietary information and

require our employees, officers and directors to observe such rights.

The obligation to protect and hold confident all Confidential and Proprietary Information

shall survive termination of employment or service. Upon termination of employment or

service, all Confidential and Proprietary Information shall be returned to the Company.

M. Corporate Opportunities

Employees, officers and directors are prohibited from taking advantage of business

opportunities that arise through the use of corporate property, information or position for

personal gain. No employee, officer or director may use corporate property, information or

position for personal gain, and no employee, officer or director may compete with the

Company. Competing with the Company may involve engaging in the same line of business

as the Company, or any situation where the employee, officer or director takes away from the

Company opportunities for sales or purchases of products, services or interests.

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N. Fair Dealing

Each employee, officer and director of the Company should endeavor to deal fairly with

customers, suppliers, contractors, competitors, the public and one another at all times and in

accordance with ethical business practices. No one should take unfair advantage of anyone

through manipulation, concealment, abuse of privileged information, misrepresentation of

material facts or any other unfair dealing practice. No bribes, kickbacks or other similar

payments in any form shall be made directly or indirectly to or for anyone for the purpose of

obtaining or retaining business or obtaining any other favorable action. The Company and

the employee, officer or director involved may be subject to disciplinary action as well as

potential civil or criminal liability for violation of this policy.

Occasional business gifts to and entertainment of non-government employees in connection

with business discussions or the development of business relationships are generally deemed

appropriate in the conduct of Company business. However, these gifts should be given

infrequently and their value should be modest (i.e., not exceeding $50.00). Gifts or

entertainment in any form that would likely result in a feeling or expectation of personal

obligation should not be extended or accepted.

Practices that are acceptable in commercial business environments may be against the law or

the policies governing federal, state or local government employees. Therefore, no gifts or

business entertainment of any kind may be given to any government employee or official

without the prior approval of the Office of the General Counsel.

Except in certain limited circumstances, the Foreign Corrupt Practices Act ("FCPA")

prohibits giving anything of value directly or indirectly to any "foreign official" for the

purpose of obtaining or retaining business. Duc to our intcrconncction and other business

with the CFE in Mexico, we include the CFE and its officials under this part of our Policy.

When in doubt as to whether a contemplated payment or gift may violate the FCPA, contact

the Office of the General Counsel before taking any action.

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O. Dishonest Activities

Irregularities in handling money, documents, transactions, and equipment may occur in any

business environment. Any such problem should be reported to the appropriate supervisor or

manager so it may be investigated.

Suspected dishonest or fraudulent activities involving money, documents, transactions or

equipment may include (but are not limited to):

I . Alteration or intentional misstatement of Company reports and records.

2. Forgery, alteration or misrepresentation of authorizations.

3. Misappropriation of funds, securities, supplies or any other Company asset.

4. Irregularity in the handling or reporting of money transactions.

5. Unauthorized purchases or use of services, supplies, furniture, fixtures and equipment.

6. Alteration or intentional misstatement in reporting items such as employee expenses, vacations, leave time, sick time and overtime.

P. Environment, Health and Safety

The Company is committed to conducting its business in compliance with all applicable

environmental and workplace health and safety laws and regulations. The Company strives

to provide a safe and healthy work environment for our employees and to avoid adverse

impact and injury to the environment and communities in which we conduct our business.

Achieving this goal is the responsibility of all officers, directors and employees.

Q. Discrimination

Employees shall not discriminate against anyone on the basis of sex, race, religion, national

origin, sexual orientation, age, physical or mental disability, military or family leave status.

The Company believes equal opportunity employment is legally required and that it is the

right thing to do. Each employee has a different and unique background, and the diversity of

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these backgrounds provides the Company with a special strength to oVercome difficulties

encountered on its way to success. By accepting and valuing diversity, the Company can

achieve its goals in an inclusive work environment that allows each employee to contribute

and thrive.

R. Responsibility for Compliance

Every employee is responsible for compliance with the standards outlined in this Code of

Ethics. Management assumes a special obligation for its own awareness and the effective

communication of these standards to employees. Management may supplement these

standards, as necessary, to address specific requirements of the various functions in their

areas of responsibility. Managers and supervisors should maintain an open-door policy

regarding this Code of Ethics. Frequent discussion of ethical issues, both informally and

formally, is a sign of good corporate standards.

An employee should discuss issues and concerns with higher levels of management,

including the employee's supervisor or manager, officers or the Office of the General

Counsel. These discussions may concern activities of the employees or other employees and

may involve apparent conflicts between actions the employee has been directed to take and

these standards.

S. Consequences of Violations of Corporate Policies

All employees are responsible for ensuring that their conduct and the conduct of anyone

reporting to them complies fully with policies governing the Company's business dealings,

including this Code of Ethics and the Internal Code of Conduct. Compliance, both personal

and by subordinates, will be a factor in annual performance reviews. The Code will be

strictly enforced throughout the Company and violations will be dealt with immediately,

including subjecting persons to corrective and/or disciplinary action up to and including the

termination of employment with the Company. The Company is entitled to report to the

appropriate authorities any violations of the Code that involve illegal behavior.

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T. Reporting of Any Illegal or Unethical Behavior

Situations which may involve a violation of ethics, laws or this Code of Ethics may not

always be clear and may require difficult judgment. Employees should report any concerns

or questions about violations of laws, rules, regulations or this Code of Ethics to the

employee's supervisor, manager or officer, to the Office of the General Counsel, or to the

Senior Vice President, Corporate Planning and Development and Chief Compliance Officer

identified in Section II below. Interested parties may also communicate directly with the

Board of Directors' Nominating and Corporate Governance Committee using the contact

information in Section II below.

Any concerns about violations of laws, rules, regulations or this Code of Ethics by any

officer or director should be reported promptly to the Office of the General Counsel, and the

Office of the General Counsel shall notify the Nominating and Corporate Governance

Committee of any violation. Conflicts of interests involving the Office of the General

Counsel should be reported directly to the Nominating and Corporate Governance

Committee. Reporting of such violations may also be done anonymously by calling the

telephone hotline or in writing to the Senior Vice President, Corporate Planning and

Development and Chief Compliance Officer or the Nominating and Corporate Governance

Committee. An anonymous report should provide enough information about the incident or

situation to allow the Company to investigate properly. If concerns or complaints require

confidentiality, including keeping an identity anonymous, we will endeavor to protect this

confidentiality, subject to applicable law, regulation or legal proceedings.

The Company encourages all employees, officers and directors to report any suspected

viulations promptly and intends to thoroughly invcstigatc any good faith reports of

violations. The Company will not tolerate any kind of retaliation for reports or complaints

regarding misconduct that were made in good faith. Open communication of issues and

concerns by all employees without fear of retribution or retaliation is vital to the successful

implementation of this Code of Ethics. You are required to cooperate in internal

investigations of misconduct and unethical behavior.

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The Company recognizes the need for this Code of Ethics to be applied equally to everyone it

covers. The Office of the General Counsel of the Company will have primary authority and

responsibility for the enforcement of this Code of Ethics, subject to the supervision of the

Nominating and Corporate Governance Committee, or, in the case of accounting, internal

accounting controls or auditing matters, the Audit Committee, of the Board of Directors, and

the Company will devote the necessary resources to enable the Office of the General Counsel

to establish such procedures as may be reasonably necessary to create a culture of

accountability and facilitate compliance with the Code. Questions concerning this Code of

Ethics should be directed to the Office of the General Counsel.

U. Waivers and Amendments

Any waivers of the provisions in this Code of Ethics for any officers or directors may only be

granted by the Board of Directors or the Nominating and Corporate Governance Committee

and will be promptly disclosed to the Company's shareholders as required by federal law or

NYSE Rules. Any waivers of this Code of Ethics for other employees may only be granted

by the Office of the General Counsel. Amendments to this Code must be approved by the

Board of Directors and amendments of the provisions in this Code of Ethics applicable to the

CEO and the senior financial officers will also be promptly disclosed to the Company's

shareholders.

II. WHERE TO GO FOR ADDITIONAL INFORMATION AND HELP

In a complex world, the right course of business conduct is not always clear. The best way to

protect yourself and the Company if you have any doubts about what is proper business conduc.t

is to ask before you act. If you have questions about whether what you are about to do is ethical

or legal, discussing the matter with your supervisor or manager is a good place to start. If you

have additional questions or need more information, the Company has a business conduct

program designed to assist its employees in achieving the highest standards of business ethics

and lawful conduct in everything they do. These programs include:

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• The Company Code of Ethics which applies to all employees of the Company and is

outlined in the text of this booklet.

• The Company Internal Code of Conduct is a separate booklet and applies to the

interactions between the regulated and competitive sides of the Company.

• The Senior Vice President, Corporate Planning and Development and Chief Compliance

Officer of the Company who is responsible for developing and improving the ethics

program and addressing complaints.

• Telephone and internet hotlines which allow employees of the Company to report,

anonymously if they wish and without fear of reprisal, actions they believe do not comply

with the Company Code of Ethics or any business policy developed by the Company.

You also can report confidentially to the Office of the General Counsel. The Nominating and

Corporate Governance Committee is responsible for oversight of this Code of Ethics.

Senior Vice President, Corporate Planning and Development and Chief Compliance Officer

Rocky R. Miracle Phone: 915-543-5797

Nominating and Corporate Governance Committee Eric B. Siegel Phone: 915-543-5755

EthicsPoint Hotline Phone Number and Internet Address Phone: 866-384-4277 Internet Address: www.ethicspoint.com

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DEAR FELLOW EMPLOYEES

El Paso Electric Company has proudly and successfully served

our customers and communities for more than 115 years. That

success is a result of each employee's commitment to excellence,

compliance and ethical business conduct.

EPE must continue to maintain public trust and confidence in all

aspects of our business. Safeguarding the Company's reputation

requires unwavering dedication by all employees. Our Code of

Ethics (the "Code") is meant to help us in our safeguarding efforts.

It provides a framework for use in our daily business decisions and

in managing relationships with all of the stakeholders we interact

with on a routine basis, including fellow employees, customers,

shareholders, vendors and regulators. Although the Code does

not cover every conceivable situation where ethical decisions must

be made, our core values upon which the Code is rooted — Safety,

Accountability, Teamwork, Quality of Service and Integrity — are

constants, and must serve as the guiding principles which we

rely upon in our work

The Code applies to our Company's employees, officers and our

board of directors. All of our employees, officers and directors

must conduct themselves according to the language and spirit

of this Code and seek to avoid even the appearance of improper

behavior. Even well-intentioned actions that violate this Code may

result in negative consequences for the Company and for the

individuals involved.

Please take time to read and understand the Code. Each of us

has a personal responsibility to follow the Code in our day-to-day

business actMties. The legal and ethical standing and the good

name of our Company can be seriously damaged by the actions

of just one or a few employees who violate the Code.

Whenever a situation arises that might conflict with the Code,

employees and directors should consult with the Office of the

General Counsel before proceeding. Remember, when in

doubt, consult.

Thank you for joining me in our continued efforts to conduct our

day-tu-day business with the highest standards of integrity and

in compliance with the laws, rules and regulations under which

we serve the energy needs of the communities of the greater El Paso region and southem New Mexico.

Sincerely,

Mary E. Kipp

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TABLE OF CONTENTS

VISION, MISSION AND CORE VALUES 1

CODE OF ETHICS — PURPOSE AND COMMITMENT 2 Responsibility for Compliance — All Employees, Officers, Directors 3 Additional Compliance Responsibilities — Management 3

ACCURATE COMPANY RECORDS AND COMMUNICATION 4 Dishonest Activities 5

AVOIDING CONFLICTS OF INTEREST 6 Outside Employment and Business Activities 7 Gifts, Entertainment and Gratuities 7 Competing for the Acquisition of Property or Services 8 Community and Professional Organizations 8 Corporate Opportunities 8

BUSINESS CONDUCT 9 Fair Dealing 10 Outside Business Contacts 10 Political Contributions and Activities 10

COMPLIANCE WITH LAWS, RULES AND REGULATIONS 11 Antitrust Laws 12 Foreign Corrupt Practices Act 12 Positions Requiring Reporting or Approval 12 Regulation Fair Disclosure 12 Trading on Inside Information 12

ENVIRONMENT, HEALTH AND SAFETY 13 Workplace Violence 14

GOVERNMENT INQUIRIES AND INVESTIGATIONS 14

SAFEGUARDING COMPANY ASSETS 15 Cybersecurity 16 Loans and Gifts of Company Goods 16 Protection and Proper Use of Company Assets 16 Protection of Confidential and Proprietary Information 16 Social Media 17

WORKPLACE CONDUCT 18 Alcohol and Drug-Free Workplace 19 Harassment-Free Workplace 19 Nondiscrimination 19 No Retaliation 20 Records Retention 20

CONSEQUENCES OF VIOLATIONS 20

INFORMATION RESOURCES 20

REPORTING VIOLATIONS 21

WAIVERS AND AMENDMENTS 21

'

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EL PASO ELECTRIC VISION, MISSION AND CORE VALUES

Our Vision Our vision is to provide safe, clean, affordable and reliable energy through superior production, acquisition and delivery.

Our Mission To accomplish our vision, we will build on our past, prepare for the future and be accountable to our key stakeholders including our

customers, regulators, employees and shareholders.

Our Core Values We are committed to performing our day-to-day business activities with the following five core values:

Safety - Safety is a core value that will not be compromised. No operating condition or urgency of service can justify

"shortcuts" that place someone in danger. Our conduct in regard to safety impacts not only the lives of our employees but also the lives and property of others as well.

Accountability - We all take responsibility for our daily business decisions and actions.

Teamwork - We work together as an efficient and effective team for the benefit of our customers, employees and shareholders.

Quality of Service - We will provide our customers quality service at a reasonable price, delivered in a safe and efficient manner.

Integrity - We will function in an ethical, respectful and deliberate manner with our customers, employees, regulators and shareholders.

CODE OF ETHICS - PURPOSE AND COMMITMENT

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Code of Ethics - Purpose and Commitment This Code of Ethics ("Code") is intended to guide our day-to-day

actions as we conduct the Company's business with the highest

standards of integrity and fair dealing.

The Code identifies guidelines for conduct in areas that may

pose ethical concerns. The Company also has other policies

that address specific issues and actions in more detail. We must

comply with those policies as well as this Code of Ethics. It is

impossible to envision every conceivable situation involving an

ethical dilemma. The Code is intended to help us to evaluate

any ethical concems with the Company's Core Values in mind:

Safety, Accountability, Teamwork, Quality of Service and Integrity.

You may find it helpful to ask the following questions before

taking action in specific situations that raise ethical concems:

If my action was rnade public, am I sure I would

not be embarrassed?

Am I certain my action does not endanger anyone s life. health

safety, or financial stability',

Have I thought about whether my action in any way rnay

appear inappropriate?

IfI arn unsure about a decision or action, have I

consulted with management?

The Company asks each employee, officer and member of its

board of directors ("director") to make a personal commitment

to the highest ethical standards and to the exercise of proper

judgment in all aspects of Company business. This Code

establishes guidelines for the conduct of business on behalf of

the Company, and it should be employed together with common

sense and good judgment.

Situations not covered by this Code or about which you are not

certain should be discussed with your supervisor or manager

or others listed in the Code under "Information Resources".

Other Company policies on specific subject matters may also

provide additional guidance. The Code should be interpreted in

a manner that complements other applicable Company policies

and procedures.

Responsibility for Compliance - All Employees, Officers, Directors Every employee, officer and director is responsible for

compliance with the standards and expectations outlined in

this Code. Conducting our daily job responsibilities ethically

and in compliance with Company policies and procedures as

well as laws, rules, and regulations that impact our jobs is a

responsibility we all shoulder. We also have the responsibility to

report, promptly and in good faith, any issue or activity that may

violate the Code, other Company policies and procedures, or

any law or regulation that impacts our business.

Ethical issues and concerns should be discussed with higher

levels of management, including the employee's supervisor or

manager, or others identified in the "Information Resources"

or "Reporting Molations" sections of this Code. These

discussions may concem the activities of the employee or other

employees and may involve apparent conflicts between actions

the employee has been directed to take and the standards

addressed in the Code.

Additional Compliance Responsibilities - Management Management assumes additional responsibilities for

compliance including:

• Leading by example and ensuring employees understand

and follow the Code,

• Maintaining an open-door policy creating an environment

where employees feel comfortable raising concems or

asking questions,

• Ensuring employees complete required training,

• Encouraging employees under their supervision to speak up

without fear of retaliation, and

• Supplementing Code standards, as necessary, to address

any specific requirements of the various Company functions

in their areas of responsibility, to add clarity or additional

guidance tailored to specific activities or job responsibilities.

3

518

Wiwi? Ask.foc.Malp

Is my action legal and ethical'? .4e If you anewened NO

to any of the following, Do Not Proceed. There may be senous consequences for you and EPE.

Is my action in compliance with Company values.

policies and procedures?

ACWRATE COMPANY RECORDS AND COMMUNICATION

519

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-12: EMPLOYEE ETHICS SPONSOR: DAVID C HAWKINS PREPARER: ANGIE ARREOLA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019




Accurate Company Records and Communication Employees, officers and directors are responsible and

accountable for the reports and records they prepare. All

Company records, accounts, financial reports, research

reports, marketing inforrnation, sales reports, tax retums,

expense accounts, time sheets, claims and any other Company

documents, including those submitted to govemmental agencies,

must be accurate. All entries on the Company's books and

records are to represent, and not conceal, the true nature

of each transaction. The intentional falsification of records is

always unethical and may also be illegal. Employees, officers

and directors must never withhold or fail to communicate information that should be brought to the attention of any

level of management.

All inforrnation transmitted, both within and outside the

Company, must be honest and well-founded. Misrepresentations

and shading of information to create a misleading business

picture are not acceptable practices under this Code and

will not be tolerated.

The Company also has in place a Disclosure Committee

consisting of members of senior management who assist in

monitoring disclosures of a financial nature. Company reporting

and filings with the Securities and Exchange Commission

and other public communications shall include full, fair,

accurate, and timely disclosure in the manner required by goveming authorities.

Q . My recent pay information indicated 4 PTO

days instead of 5 actually taken. What should I do?

A. If you enter your own time contact the payroll

depaitment for guidance on correcting The discrepancy

If you do not enter your owrr time talk 10 your suerYiscr

or other person who enters your Time to have this issue

corrected. PIO records must always reflect accurate

informTrtion

Dishonest Activities Dishonest activities involving Company money, documents,

transactions or equipment are not permitted. This includes:

1. Alteration or intentional misstatement of Company reports

and records.

2. Forgery, alteration or misrepresentation of authorizations.

3 Misappropriation of funds, securities, supplies or any other

Company asset.

4. Irregularity in the handling or reporting of money transactions.

5. Unauthorized purchases or use of services, supplies,

fumiture, fixtures and equipment.

6. Alteration or intentional misstatement in reporting items such

as employee expenses, vacations, leave time, sick time

and overtime.

5

520

AVOIDEN CONFLICTS OF 1NTFRE T

521

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-12: EMPLOYEE ETHICS SPONSOR: DAVID C. HAWKINS PREPARER. ANGIE ARREOLA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


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Avoiding Conflicts of Interest Conflicts of interest exist whenever a person's interests,

position or relationships compete or conflict in any way, or even appears to compete or conflict, with the best

interest of the Company. A conflict of interest can arise

when an employee, officer, or director:

• Takes an action or has a personal interest that may make

it difficult to objectively and effectively perform Company

duties and responsibilities, or

• Receives improper personal gifts or benefits for themselves

or their family members as a result of their position in

the Company.

All employees, officers and directors are to avoid any activity,

investment, interest, or association that compromises (or even appears to compromise) their independent exercise of

judgment and the performance of work in the best interest

of the Company.

Atthough it would not be possible to describe every situation

in which a conflict of interest may arise, the following are some

examples of situations which may constitute a conflict of interest.

References below to a person's "immediate family" include,

for example, that person's spouse, parents, siblings, children,

stepchildren, in-laws, aunts, uncles, cousins, as well as any

other individual with a close personal relationship to that person.

Q . Can an employee hire

a relative's company or award a

relative a contract to perform EPE work?

Q . Can a manager or supervisor hire a relative as

an EPE employee to become part of his or her team?

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Q . l was offered a second job outside the

Company. Will this create any issues as an

EPE employee?

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t , 2_ ' -I' 1,Th r.rer -frrrirr Jr ,1

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,Der. L.r(i jr,l)

Outside Employment and Business Activities Any outside employment or business activities must not conflict with, have the potential to conflict with, or even appear to conflict with, the employee's ability to properly perform work for the Company. Employees are not to seek financial gains for

themselves, their families or their associates from third parties by

holding themselves out to be representatives of the Company or by representing or implying to such third parties that they possess proprietary information or influence due to employment

with the Company. In addition, employees should not wear

clothing which displays the Company logo while working for financial gain outside of the Company. Employees shall not use their Company identification badge for any purpose other than to identify themselves as Company employees performing Company business. Employees should not engage in any outside employment which has a negative impact on their

availability to the Company for work or their ability to perform

assigned duties during their normal work hours.

Gifts, Entertainment and Gratuities Employees and members of their immediate family may not

directly or indirectly request or receive cash, bonuses, fees, discounts, commissions, gift cards or any other cash equivalent item from any person, customer, supplier, contractor, corporation

or other entity with which the Company does business or is likely

to do business.

The Code does not preclude employees from providing or accepting gifts, gratuities and entertainment that are business

related, as long as the value of the offering is nominal (i.e. no

more than $50.00) and is infrequent, legal and reasonable. 7

522



If a gift or gratuity of more than nominal value is offered or

received, the gift or gratuity should be refused or retumed with

a polite explanation of the Company's policy, and the ernployee

should notify his or her supervisor or manager. Regardless of

value, an employee should decline any item offered with the

intent to improperly influence the employee in the performance

of the employee's duties for the Company.

In limited circumstances, employees may receive permission

to attend special events sponsored by suppliers or other

organizations associated with the Company.

Competing for the Acquisition of Property or Services Employees, officers and directors, and members of their immediate

family, shall not knowingly acquire any material interest (whether

direct or indirect) in any property that the Company is acquiring

or is likely to acquire. Business transactions with businesses

owned by any director or director's immediate family members are

covered by a separate policy found on the Company's intranet site.

Exceptions to this policy may be granted only after complying with

the disclosure and exception procedures set out in the Waivers and

Amendments section below. Some additional examples of conduct

that constitutes a conflict of interest indude:

• Having a material financial interest in a transaction involving

the Company, or in entities with which the Company does

business or is likely to do business, or in entities that

compete against the Company (this generally does not

include routine investments in publicly traded companies). A

material financial interest is one that might compromise,

or even appear to compromise, the independent exercise of a

person's judgment in the best interest of the Company.

• Receiving a loan or guarantee of an obligation as a result of

your position with the Company.

• Directing business to a supplier or contractor owned or

managed by, or which ernploya, a relative or friend.

• Giving or receiving bribes or kickbacks.

In order to avoid conflicts of interest, each of the senior executive

officers and directors must disclose to the Chief Compliance

Officer any material transaction or relationship that reasonably

could be expected to give rise to such a conflict. The Chief

Compliance Officer shall notify the Nominating and Corporate

Govemance Committee of any such disclosure. Conflicts

of interest involving the Chief Compliance Officer shall

also be disclosed to the Nominating and Corporate

Govemance Committee.

Q . An EPE vendor sent me a S100.00 gift

card during the holidays. Can I accept this gift?

A. No, employees may not accept gifts of cash

oi castrequivalents such as gift cards from vendors

-he Code of lothics does not prevent an employee

fi OM teeming other types of business related gifts as long as the value of the gift is less than S50 00 and not of a nature that would suggest intent to influence

Company business decisions.

Community and Professional Organizations The Company has a long-standing commitment to good

corporate citizenship. The Company supports and encourages

involvement in community activities and professional

organizations. It expects its employees, officers and directors

to pursue these interests in a responsible manner and in a

manner that will reflect favorably upon the employee, officer or

director and the Cornpany. Before accepting any position with a

community or professional organization, employees, officers and

directors should evaluate carefully whether the position could

cause, or even appear to cause, a conflict of interest.

Corporate Opportunities Employees, officers and directors are prohibited from taking

advantage of business opportunities that arise through their

employment for personal gain. No employee, officer or director

may use corporate property, information or position for personal

gain, and no employee, officer or director may compete with the

Company. Competing with the Company may involve engaging

in the same line of business as the Company, or any situation

where the employee, officer or director takes away frorn the

Company opportunities for sales or purchases of products,

services or interests.

8

523

BUSINESS CONDUCT

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s*-*..:-"..,

9

524





Fair Dealing Each employee, officer and director of the Company should

endeavor to deal fairly with customers, suppliers, contractors,

competitors, the public and one another at all times and in

accordance with ethical business practices. No one should take

unfair advantage of anyone through manipulation, concealment,

abuse of privileged inforrnation, misrepresentation of material

facts or any other unfair dealing practice. No bribes, kickbacks or other similar payments in any form shall be made directly or

indirectly to or for anyone for the purpose of obtaining or retaining

business or obtaining any other favorable action. The Company

and the employee, officer or director involved may be subject to

disciplinary action as well as potential civil or criminal liability for

violation of this policy.

Practices that are acceptable in commercial business

environments may be against the law or the policies governing

federal, state or local government employees. Therefore, no

gifts or business entertainment of any kind may be given to any

government employee or official without the prior approval of

the Office of General Counsel.

Outside Business Contacts In the course of performing assigned duties, employees, officers

and directors frequently have business contacts outside the

Company with customers, suppliers, competitors, governmental agencies, and the news media. Employees, officers and directors

should only perform services, provide information, and answer

questions that fall within the realm of their knowledge and

responsibilities.

For example, inquiries from the news media should be directed

to the Public Relations Department. Inquiries from shareholders

and other investors in the Company, as well as analysts, should

be directed to the Investor Relations Department. Other inquiries

regarding stock ownership or record keeping should be directed

to the Office of the Corporate Secretary.

Political Contributions and Activities Any political contributions made by or on behalf of the Company

and any solicitations for political contributions of any kind must

be lawful and in compliance with Company policies. This policy

applies solely to the use of Company assets and is not intended

to discourage or prevent individual employees, officers or directors

from making political contributions or engaging in political activities

on their own behalf. No one may be reimbursed directly or

indirectly by the Company for personal political contributions.

Q . Is it acceptable to use an EPE copy machine to make flyers for a political

carlipdiyll whit,h I dtil involved?

A. mo nio,

tet;(,L GìÇ 1iI -1Gije

10

525



COMPLIANCE WITH LAWS, RULES AND REGULATIONS

526



Compliance with Laws, Rules and Regulations Employees, officers and directors are expected to comply

with all applicable laws, rules and regulations. The Company's

activities are subject to a variety of federal, state and local laws

and regulations. No employee, officer or director of the Company

shall commit an illegal or unethical act or instruct others to do

so, for any reason.

If you believe that any practice raises questions as to compliance with this Code or applicable laws, rules or regulations, please

discuss your concems with your supervisor or manager, or as otherwise set out in the "Information Resources" or "Reporting

Violations" Sections of this Code.

Antitrust Laws It is the policy of the Company to obey the antitrust laws and

to avoid all conduct or behavior that unreasonably restrains

competition. Among other things, antitrust laws prohibit

any agreements between competitors on such matters as

prices, terms of sale to customers and allocating markets or

customers. Antitrust laws can be very complex, and failure to adhere to them may result in criminal sanctions, including fines,

jail time and civil liability.

Contact the Office of General Counsel in advance, whenever you

need specific guidance on the scope of permissible discussions

as you interact on behalf of the Company with your counterparts in other utility or energy companies.

Foreign Corrupt Practices Act Except in certain limited circumstances, the Foreign Corrupt Practices Act ("FCPA") prohibits giving anything of value directly or indirectly to any "foreign official" for the purpose of obtaining

or retaining business. Due to our interconnection and other

business with the Comisi6n Federal de Electricidad ("CFE") in Mexico, we include the CFE and its officials under this part of our

Policy. When in doubt as to whether a contemplated payment or gitt may violate the f-UPA, contact the Office of General Counsel

before taking any action.

Positions Requiring Reporting or Approval - FERC Interlocking Positions Certain kinds of positions with other organizations, if held by

certain types of Company employees or directors, are subject

to reporting and approval requirements by govemmental authorities. For example, there are govemment regulations

that address permissible and impermissible positions that a

utility employee and director may hold in another organization, without regard to whether the positions held are voluntary or paid. Please contact the Office of General Counsel to determine

whether any advance reporting or approval of the third-party

position is required.

Regulation Fair Disclosure Each officer, employee or director who communicates with the

investment community or others outside the Company on behalf

of the Company must be familiar with the Company's disclosure

controls and procedures and is required to comply with the

Securities and Exchange Commission's ("SEC") Regulation

Fair Disclosure ("Regulation FD"). Regulation FD generally

requires simultaneous public disclosure when material nonpublic

information is disclosed to any entity or person outside the

Company. For more information, please refer to the Company's

"Regulation Fair Disclosure Policy" located on the Company's

intranet site or contact the Office of General Counsel.

Trading on Inside Information Federal laws expressly prohibit employees from using "inside"

or material non-public information when trading in Company

securities. Information is considered "material" if there is a

substantial likelihood that a reasonable investor would consider it important in arriving at a decision to buy, sell or hold stock of the

Company. Examples of information that might be deerned material include preliminary income reports, earnings estimates, significant

expansion or curtailment of operations, plans to sell or purchase substantial assets, thp antinipation of major litigation, or other

items that could have a significant effect on the Company.

Using material nonpublic information to trade in securities or providing a family member, friend or any other person with a

"tip" is illegal. All nonpublic information should be considered

inside information and should never be used for personal gain.

For more information, please refer to the Company's "Policy on

Inside Information and Insider Trading" located on the Company's intranet site. If you have questions about buying or selling Company

stock, contact the Companyt Office of General Counsel.

12

527

................. ..................... 1

...... .. ... ....... .4;4

528

13



ENVIRONMENT, HEALTH AND SAFETY



Environment, Health And Safety The Company complies with all applicable environmental,

health and safety laws and regulations in order to provide a safe

workplace and to protect the environment. It is the responsibility of

each employee to do their part by complying with the Company's

policies, as well as any applicable requirements established by

federal, state and local law.

Employees are expected to report observed safety, health,

or environmental potential or actual violations, potentially

unsafe conditions, and any accidents resulting in injuries

to employees or the public. All jobs at the Company are to

be perfomied in a safe manner in accordance with all the

established safety rules including the Safety Manual and the

Cardinal Rules (found on the Company's intranet site). As a

core value, safety will not be compromised. Every employee

assumes the responsibility of individual and organizational

safety. Failure to follow Company safety and health guidelines

and conduct that places employees, the public, or the

Company at risk will not be tolerated.

Workplace Violence The Company seeks to provide a work environment where

employees will not be subjected to acts of physical assault

or threats of bodily hami while performing their official duties,

wherever those duties are perfomied. Workplace violence

includes implied, conditional or direct threats of violence,

whether made in verbal, physical, or visual form. The Company

is committed to providing a secure and safe work environment

for all employees, contactors, visitors, customers, and vendors.

Any threat in the workplace to people, property or information,

will be taken seriously and acted upon appropriately. There shall

Q . I am a new EPE employee.

During an on-site visit at a substation,

I noticed an oil spill next to a barrel.

What should I do?

A. I= , „„d% _

Ely„,11orimE;nt,_11

[Îevr i All „ ,r"'er '1,31 evces rust

cieune , a(ier,c,

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cf thc: 11'1,

harcihn-1,

Lap-, •,, ,

Q. l had a minor accident at work that

I am not sure needs to be reported.

A . nIs ilWe0 lt

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DE:1 h Hi,- On, iE

r 11-

pct ; r7ra, fl 11011r nculn , ir,)

Q . What should I do if I see an unsafe

condition at work?

A. ,_;i• ',EPE _ s • ,r

IT ,11, 1, CC-

t n t-:

;41,

I .11 ,

be zero tolerance of such threats or acts of viole - Employees

are required to immediately report any incidents of wor : -

violence to their supervisor, Human Resources or any other

resource listed in this Code under "Reporting Violations."

GOVERNMENT INQUIRIES AND INVESTIGATIONS Much of the Company's activities are subject to govemmental

review. The Company's policy is to cooperate fully and responsibly

with any appropriate governmental agency conducting an

investigation with assistance from legal counsel and subject

matter experts who can help represent the Company during

such investigations. Contact the Office of General Counsel

before taking action or responding to questions on behalf of

the Company when govemment agents arrive to conduct an

investigation. This also applies when the govemment inquiry

comes in the form of a written subpoena or written request for

information. Although it is the Company's policy to cooperate

fully with such investigations, the Company has a right to have

representation from legal counsel and appropriate subject matter

experts.

14

529

,•.'•0 .7

SAFEGUARDING COMPANY ASSETS

530

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-12: EMPLOYEE ETHICS SPONSOR: DAVID C. HAWKINS PREPARER• ANGIE ARREOLA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019




Cybersecurity Employees work with electronic data every day in carrying out

work-related tasks and activities. This electronic data is on

computers, servers, within email and USB drives and is stored in

a multitude of formats. Employees must protect the Company's

electronic data and comply with all information and information

system policies located on the Company's intranet site. The

Company provides employees with cybersecurity awareness

training and it is each employee's responsibility to ensure that the

techniques and processes discussed in training are applied to

ensure the security of the Company's electronic data.

Loans and Gifts of Company Goods The Company does not extend or maintain credit, arrange for

the extension of credit, or renew credit in the form of a personal

loan to or for any director or officer of the Company. Similarly,

an employee may not offer to anyone else, inside or outside the

Company, any Company asset (property, loans, contributions,

unpaid services, etc.). In certain limited situations, such as in the

context of charitable giving activities where contributions of cash

or goods are sought for a community or charitable purpose,

exceptions are permitted, with advance Company approval.

Q.. One of EPE's construction sites

has some left over supplies and material

no one seems to be using. Is tt ok to take

this home?

A. No. 11 15- nr\'*r nke LPE

and tJqiill 111',E.1 lor •"1

artIOCA1,1!_i011 ET)E lheft

isl'i, '1- 11 ){!'cl 1,V C,06-

hao- crrn

P r ot ecti o n and Proper Use of Company Assets The safeguarding of Company assets against unauthorized use,

damage or theft is critical. Unauthorized use, misuse, or theft of

Company assets directly impacts the Company on many levels,

not just with respect to our financial strength. The misuse of

Company assets includes, for example, the use of any Company

asset for personal gain, including the use of equipment, material,

supplies, contractors, or personnel. It also includes taking or

selling leftover Company property and scrap materials without

express permission from the Company.

P rot e ct o n of Confidential and ro pri eta ry Information

Confidential and proprietary information generated and gathered

in our business is a valuable Company asset. Protecting this

information plays a vital role in our continued growth and ability

to compete. Ali proprietary intormation should be maintained in strict confidence, except when disclosure is authorized by the

Company or required by law.

All employees, officers and directors must protect proprietary

information, both technical and commercial, that is confidential,

privileged or valuable to the Company. Confidential and

proprietary information includes all nonpublic information

that might be useful to competitors or that could be harmful

to the Company, the Company's reputation or its customers

or vendors if disclosed. Intellectual property such as trade

secrets, patents, trademarks and copyrights, as well as 16

531



research and new product plans, objectives and strategies,

records, databases, salary and benefits data, employee

medical information, customer information, employee personal

data, supplier lists and any unpublished financial or pricing

information must also be protected. These same protections

apply to information supplied to the Company by customers

and vendors.

The use or disclosure of this information is for Company

purposes only and not for personal benefit or for the benefit of

others. To preserve confidentiality, disclosure and discussion of

proprietary or competitive information should be limited to those employees who have a need to know the information.

Information conceming employees, customers or shareholders

constitutes confidential and proprietary information that should

not be disclosed to others, within or outside the Company,

except as authorized by an appropriate Company officer or

Company counsel for a legitimate Company need or if required

by govemment agencies or courts.

Every employee, officer and director shall respect copyright

and intellectual property laws and shall observe the terms and

conditions of any license agreements to which the Company has

agreed. In most cases, this means that the Company does not

have a right to copy copyrighted or other protected materials,

including computer software that is licensed. Copyright and

intellectual property laws and Company policy also prohibit

individuals from using or reproducing, for personal purposes,

programs or materials they use at work.

Q . Some of my job responsibilities include working with confidenthal customer

information. Am I restricted from talking to other employees about this information?

A. The shafina of Goof aential customer nfo,-rriation

should be imired to employees who have a legitimate

business need to know

Q . What should I do if I overhear co-workers discussing EPE non-public business at lunch and other public places?

"L _HN .H , Ths

Unauthorized use or distribution of proprietary information

violates Company policy and could be illegal. Such use or

distribution could result in negative consequences for both the

Company and the individuals involved, including potential legal

and disciplinary actions. We respect the property rights of other

companies and their proprietary information and require our employees, officers and directors to observe such rights.

The obligation to protect and hold confident all confidential and

proprietary information shall survive termination of employment

or service. Upon termination of employment or service, all

confidential and proprietary information shall be retumed to

the Company.

Social Media The Company recognizes that the internet provides unique

opportunities to participate in interactive discussions and share

information with others using a wide variety of social media

venues including Twitter, Linkedln, Facebook, YouTube and other

nontraditional means of communication. However, employees' use of social media can pose risks to the Company's confidential

and proprietary information, reputation and brands. As a result,

employees should participate responsibly when engaging in

social media outlets. Confidential and proprietary Company

information should never be disclosed or discussed. No one

should speak on behalf of the Company unless specifically

authorized to do so. The Company, however, recognizes and

respects employees' rights to communicate with one another

about the terms and conditions of their employment under the

National Labor Relations Act (NLRA). For additional information,

please refer to the Company's "Social Media Policy" located on

the Company's intranet site. 17

532



WORKPLACE CONDUCT

533



Alcohol and Drug-Free Workplace The Company has a zero tolerance policy regarding alcohol and controlled substance use by employees. Employees are prohibited

from manufacturing, distributing, possessing, or using alcohol

or any illegal substance during work hours, while on Company

business, or while on or in Company property. Employees shall not report to work or remain at work while under the influence

of alcohol, an illegaJ substance, or any controlled substances

or inhalants that affect their ability to safely perform their job

duties. The Company requires drug and/or alcohol testing for all

job applicants prior to employment. Employees are subject to drug and/or alcohol testing when there is reasonable suspicion

of substance use by an employee, on a random basis, and

following an on-the-job accident and/or pursuant to Department

of Transportation (DOT") requirements.

Employees testing positive for drugs or alcohol are in violation

of the Code and are subject to termination. The Company will

terminate an employee for any positive drug or alcohol test result.

For purposes of the Company's policies, an alcohol positive is

.02 or greater bbod alcohol concentration on a confirmed test.

A refusal of consent to testing or to submit a sample for testing,

or any attempts to circumvent or sabotage the drug/alcohol

testing procedures will also subject an employee to termination.

Harassment-Free Workplace The Company prohibits harassment of any kind. Unlawful

harassment consists of any derogatory action, whether

verbal, physical, or visual, directed against an indMdual

because of the individual's age, disability, national origin, race,

religion, sex, sexual orientation, gender identity, workers'

compensation status, veteran status, genetic information, familial

responsibilities, or other legally recognized protected category.

Sexual harassment includes any unwelcome sexual advances,

requests for sexual favors, or other visual, verbal or physical

conduct of a sexual or offensive nature (such as sexual jokes,

comments and/or crude pictures), made by a coworker, &pet visoi ol non-employee toward an individual where.

• Submission to the conduct is made either explicitly or

implicitly as a term or condition of employment;

• Submission to or rejection of the conduct by an individual

is used as the basis for employment decisions affecting the

individual; or

• Such conduct has the purpose or effect of unreasonably

interfering with the individual's work performance or creating an intimidating, hostile or offensive work environment.

Any individual who is being harassed or is aware of the

harassment of others must report the harassment immediately.

All reports will be investigated promptly and appropriate action

will be taken when necessary to prevent any recurrence of the

misconduct toward the complaining individual or any others

within the workplace.

Nondiscrimination Employees, officers, and directors are not to discriminate

against anyone on the basis of age, disability, national origin,

race, religion, sex, sexual orientation, gender identity, workers'

compensation status, veteran status, genetic information, familial

responsibilities, or other legally protected categories. In addition,

the Company is committed to complying with all relevant and

applicable federal, state and local laws pertaining to equal

employment opportunity and nondiscrimination in the workplace.

Each employee has a different and unique background, and

the diversity of these backgrounds provides the Company with

a special strength.

Q l received a complaint from one

of my employees accusing a supervisor

under my direction of discrimination

however l am confident the accusation

is false.

A. 11 is not your decision to determine 'Ail icthei

pritentlEAl dIsHln lnat cr i ssuo

You need to escalate the issue to Human

Resouices [-qua] Employment Opportunity

issues such ;:is discrimination may !lave

leual consequences

19

534

CONSEQUENCES OF VIOLATIONS



No Retaliation Open communication of issues and concems by all employees

without fear of retaliation is vital to the successful implementation

of this Code. The Company strictly prohibits any retaliation against anyone who has, in good faith, filed an intemal complaint or

participated in an investigation. Good faith does not mean that

you have absolute proof, but that you honestly believe your

report to be true. Any person who believes that they have

been subjected to retaliation should report it immediately.

Records Retention The Company's Records and Information Management Program

establishes document retention process to ensure infomiation is retained, accessible, and protected to satisfy legal, regulatory and operational requirements. The Office of General Counsel may suspend the retention/destruction schedule of certain documents in the event that they may relate to an open investigation or litigation matter. When this occurs, the Office of General Counsel will notify pertinent employees through

issuance of a "Litigation Hold" for relevant documents.

Employees who receive a "Litigation Hold" notification

must preserve applicable documents. A "Litigation Hold

Release" will be issued by the Office of General Counsel once

pertinent documents no longer need to be preserved. Additional information and policies on records management are located on the Company's intranet site.

Q .. TWo years ago l received a "Litigation Hold Memorandum" from the Office of General Counsel concerning a former employee

in our area. How long do I have to hold on

to relevant documents?

A. You 'Mould no des'roy any docunient:

related to the Irluation hold r 1 you receNe a

d1C1 Release" tron, 'he 01 General

.2,ounsel

All employees are responsible for ensuring that their conduct and the conduct of anyone reporting to them comply fully with

policies goveming the Company's business dealings, including

this Code. Compliance, both personal and by subordinates, will be a factor in annual performance reviews. The Code will

be enforced throughout the Company, and employees whose

conduct is not in line with the Code may face disciplinary action

up to and including the termination of employment with the Company. The Company may also be obligated to report to the

appropriate authorities any violations of the Code that involve

illegal behavior.

INFORMATION RESOURCES The best way to protect yourself and the Company if you have any doubts about what is proper business conduct is to ask before you act. If you have questions or need clarification

conceming the Code, discussing the matter with your supervisor

or manager is a good place to start.

You may also contact:

• Office of General Counsel at (915) 543-2018

• Vice President-Compliance and Chief Risk Officer

at (915) 543-4097

• Corporate Compliance Department at (915) 543-2230

20

535



REPORTING VIOLATIONS It may not always be clear exactly what is unethical or illegal. Employees should report any concerns or questions about

possible violations of laws, rules, or regulations or any conduct

that may be unethical or not permitted under this Code to any of

the following:

• Employee's supervisor or manager

• Human Resource Department at (915) 543-2081

• Office of General Counsel at (915) 543-2018

• Safety Department (for matters involving safety issues) at (915) 543-4349

• Senior Vice President and Chief Compliance Officer at (915) 543-5797

• Any other member of Management

• EthicsPoint Hotline at (866)384-4277 or www.ethicspoint.com

EthicsPoint Hotline provides an avenue for employees to

anonymously and confidentially report violations of the Code or

actual or suspected activities that involve unlawful or unethical

conduct. EthicsPoint is available twenty-four (24) hours per day,

seven (7) days per week at (866) 384-4277 or is accessible

online at www.ethicspoint.com. Information on EthicsPoint is

also located on the Company's intranet site. An anonymous

report should provide enough inforrnation about the incident or situation to allow the Company to investigate properly. If

concems or complaints require confidentiality, including keeping

an employee's identity anonymous, the Company will endeavor

to protect this confidentiality, subject to applicable laws,

regulations or legal proceedings. In certain situations, the person

filing a complaint may have to disclose their own identity to allow

the Company to conduct a proper investigation and remedy

the situation. Nevertheless, in those situations the Company will work to limit the disclosure to those with a need to know.

Any concems about violations of laws, rules, or regulations, or

any conduct that may be unethical or impermissible under this

Code, by any officer or director should be reported promptly to the Office of General Counsel. The Office of Ger era! Cour isel is to notify the Nominating and Corporate Govemance Committee

of any violation.

The Company encourages all employees, officers and directors

to report any suspected violations promptly so that it can

thoroughly investigate them. You are expected to cooperate

in internal investigations and failure to do so may implicate you

if it is later determined that you participated in or covered up

the misbehavior or had an obligation to act upon your

knowledge of the situation and failed to do so.

The Company recognizes the need for this Code to be applied

equally to everyone it covers. The Office of General Counsel will

have primary authority and responsibility for the enforcement

of this Code, subject to the supervision of the Nominating and

Corporate Govemance Committee, or, in the case of accounting, intemal accounting controls or auditing matters, the Audit

Committee of the Board of Directors.

WAIVERS AND AMENDMENTS Any waivers of the provisions in this Code for any officers or

directors may only be granted by the Board of Directors or the

Nominating and Corporate Govemance Committee and will be

promptly disclosed to the Company's shareholders as required

by federal law or applicable rules. Any waivers of this Code for other employees may only be granted by the Office of General

Counsel. Amendments to this Code must be approved by the

Board of Directors and amendments of the provisions in this

Code applicable to the CEO and the senior financial officers will

also be disclosed to the Company's shareholders.

Q . What types of issues can employees report to EPE's hotline, EthicsPoint?

A . Any potential or actual violations of law oi

Con party policy can tae reported thiough the

Company hotline However, employees are

encouraged to ieporf less serious issues oi

concerns to their supervisor or any ot the oihei

repoiting channels listed in this section

21

536

4,/,• • •.•

ig? 7 ...rt.: • •:•5'4

".•• •m,/

"•?•.*

ry• „

„pi • , • , s • ••

4

...

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-12: EMPLOYEE ETHICS SPONSOR: DAVID C HAWKINS PREPARER: ANGIE ARREOLA FOR THE RECONCILIATION PERIOD APRIL 2016 -TROUGH MARCH 2019


CODE OF ETH CS 2017

El Paso Electric

537

EL PASO ELECTRIC COMPANY SCHEDULE FR-13 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-13: ETHICS-RELATIONSHIP WITH FUEL SUPPLIER SPONSOR: DAVID C. HAWKINS PREPARER: JESUS GONZALEZ FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

EPE has no knowledge of any current or former manager, executive, or director of the Company who has been involved in any capacity with the management of any provider of fuel or fuel supply to El Paso Electric Company during the reconciliation period.

538


EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-14: FUEL AUDITS SPONSOR: JAMES SCHICHTL PREPARER: JULISSA REZA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

Gas Audits Period Audit Date Audit

Company Audited Services Provided Covered Completed El Paso Electric Internal audit included an 2015 April 21, 2016 Company evaluation of the design and

operating effectiveness of controls including the comparison of nominations to purchase gas from a gas supplier/vendor to gas supplier invoices and gas pipeline transportation invoices, plant metering and finally invoice payment from both gas suppliers and pipelines.

Audit Conducted

By El Paso Electric Company Internal Audit (with assistance from our co-sourced partner Pricewaterhouse Coopers)

Arizona Public Service as Operating Agent for Palo Verde Generating Station


Audit of Palo Verde Nuclear Year Ended 12/31/2015 January 27, 2017 Generating Station Operation and Maintenance, Capital Improvements, and Nuclear Fuel Costs

Audit of Palo Verde Nuclear Year Ended 12/31/2016 March 16, 2018 Generating Station Operation and Maintenance, Capital Improvements, and Nuclear Fuel Costs

Audit of Palo Verde Nuclear Year Ended 12/31/2017 June 6, 2019 Generating Station Operation and Maintenance, Capital Improvements, and Nuclear Fuel Costs

Nuclear Fuel Audits

Company Audited Arizona Public Service as Operating Agent for Palo Verde Nuclear Generating Station

Period Audit Date Audit Audit Conducted

Services Provided Covered Completed By Non-operating Palo Verde Partidpants coordinated by Salt River Project

Non-operating Palo Verde Participants coordinated by Southern California Edison Company

Non-operating Palo Verde Partidpants coordinated by El Paso Electric Company


Audit of Palo Verde Nuclear Year Ended 12/31/2018 In Progress Generating Station Operation and Maintenance, Capital Improvements, and Nuclear Fuel Costs

Non-operating Palo Verde Participants coordinated by Los Angeles Department of Water and Power

539

Coal Audits

Company Audited Arizona Public Service as Operating Agent for Four Comers Generating Station

Arizona Public Service as Operating Agent for Four Comers Generating Station

Services Provided Audit of Four Comers Operation and Maintenance, and Capital Improvement Costs, including Coal Costs

Audit of Four Comers Operation and Maintenance, and Capital Improvement Costs, including Coal Costs

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-14: FUEL AUDITS SPONSOR: JAMES SCHICHTL PREPARER: JULISSA REZA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


Period Audit

Covered Two Years Ended

12/31/2014

Date Audit Audit Conducted

Completed By September 13, 2016 Non-operating Four

Comers Participants coordinated by El Paso Electric Company

Two Years Ended December 12, 2018 Non-operating Four 12/31/2016 Comers Participants

coordinated by Tucson Electric Power

540

EL PASO ELECTRIC COMPANY SCHEDULE FR-15 2019 FUEL RECONCILIATION Page 1 of 2 SCHEDULE FR-15: FUEL CONTRACT ANALYSES SPONSOR: VICTOR MARTINEZ PREPARERS: EMMANUEL VILLALOBOS / FRED HILL / NADIA L. POWELL FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

NATURAL GAS CONTRACTS

The Company purchased natural gas under short-term or spot contracts from the following suppliers during the Reconciliation Period:

1. APACHE CORPORATION 13. NOBLE AMERICAS GAS & POWER 2. BP-ENERGY COMPANY 14. PACIFIC SUMMIT ENERGY LLC 3. CASTLE 15. SEQUENT ENERGY MGMT LP 4. CITIGROUP 16. SHELL ENERGY N.A. (CORAL) 5. CONCORD ENERGY LLC 17. UNITED ENERGY TRADING 6. CONOCO PHILLIPS COMPANY 18. WELLS FARGO 7. EDF TRADING NORTH AMERICA

8. FREEPOINT COMMODITIES LLC

9. KOCH ENERGY SERVICES LLC

10.MERRILL LYNCH 11.MIECO 12.MORGAN STANLEY

Long-term and Mid-term contracts are listed in Schedule FR-7.

NATURAL GAS STORAGE AND/OR TRANSPORTATION 1. Oneok 2018-2028 Intrastate Gas Transport and Storage 2. Kinder Morgan Interstate Gas Storage

COAL CONTRACTS 1. Four Corners Coal Supply Agreement (Jan 2010 - July 2016) 2. Amendment No. 1 to Four Comers Coal Supply Agreement (Sept 2010) 3. Amended and Restated Four Corners Coal Supply Agreement (Dec 2013)

NUCLEAR FUEL CONTRACTS U308, conversion, UF6, enrichment, enriched uranium product, and fabrication were or will be supplied by the following vendors. The list includes those contracts for nuclear fuel suppliers and services that were active during the reconciliation period.

A. U3O8 SUPPLY: 1. Macquarie Physical Commodities UK Limited 2. MTM Trading, LLC 3. AREVA NC Inc. 4. Cameco, Inc. 5. Traxys North America, LLC. 6. UG U.S. A. Inc. 7. ltochu International Inc.

B. CONVERSION: 1. ConverDyn 2. Cameco

C. UF6 SUPPY:

541

EL PASO ELECTRIC COMPANY SCHEDULE FR-15 2019 FUEL RECONCILIATION Page 2 of 2 SCHEDULE FR-15: FUEL CONTRACT ANALYSES SPONSOR: VICTOR MARTINEZ PREPARERS: EMMANUEL VILLALOBOS / FRED HILL / NADIA L. POWELL FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

1. Cameco/Nukem Inc. 2. AREVA

D. ENRICHMENT/ENRICHED URANIUM PRODUCT 1. CNNC Lanzhou Uranium Enrichment Co. Ltd. 2. Tenam, Inc. 3. Louisiana Energy Services 4. Urenco

E. FABRICATION: 1. Combustion Engineering (Administered by Westinghouse) 2. AREVA Vendor Qualification Program: 3. Framatome, Inc.

F. SPENT FUEL 1. U.S. DOE (Spent Fuel Disposal Fee) 2. NAC (Dry Cask Storage) Magnastor:

Nuclear Fuel Contracts are listed in Schedule FR-7.

PURCHASED POWER CONTRACTS

The Company purchased power from the following suppliers during the Reconciliation Period:

1. AEPCO 2. APS 3. AVANGRID 4. BASIN 5. BHP 6. BPA 7. BP-ENERGY 8. BROOKFIELD 9. BURBANK 10.CARGILL 11.CITIGROUP 12.EDF 13.EXELON 14.FOUR PEAKS 15.FREEPORT 16.GUZMAN 17.IID 18.LADWP 19.MACHO 20.MACQUARIE 21.MORGAN STANLEY

22.NEWMAN SOLAR 23.NEXTERA 24.PAC 25.PNM 26.POWERX 27.PSCO 28.RAINBOW 29.SEMPRA 30.SHELL 31.SRP 32.TALEN 33.TENASKA 34.TEP 35.TRANSALTA 36.TRANSCANADA 37.TRI-STATE 38.UNS 39.WAPA-DSW 40.WESTAR

Long-term and Mid-term contracts are listed in Schedule FR-7

542

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16: RECONCILABLE FUEL COSTS SPONSOR: MELODY BOISSELIER/ VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(a) (b) (c) (d) (e) (f) (g) (h)

(1) (3) (2)

RIO GRANDE STATION (FERC 501 AND 547) ------

GAS NEW MEXICO STORAGE TOTAL

TOTAL LINE

GAS TRANSPORTATION TAX FEES GAS OIUDIESEL STATION NO.

RECONCILIATION PERIOD RP Apr 2016 1,755,531 359,822 16,399 35,000 2,166,752 0 2,166,752 May 1,108,038 793,394 76,213 35,000 2,012,645 0 2,012,645 Jun 2,609,636 236,123 86,695 0 2,932,454 0 2,932,454 Jul 4,011,498 311,241 100,951 35,073 4,458,764 0 4,458,764 Aug 1,464,231 1,269,097 134,171 335 2,867,834 0 2,887,834 Sep 2,513,343 256,900 98,498 35,115 2,903,856 0 2,903,856 Oct 1,884,022 318,052 111,941 35,000 2,349,015 0 2,349,015 Nov 1,117,594 258,339 84,837 35,195 1,495,966 0 1,495,966 Dec 2,291,522 207,580 61,645 75 2,560,822 0 2,560,822

Jan 2017 1,180,236 981,600 78,699 25 2,240,560 0 2,240,560 Feb 1,343,291 445,465 79,545 28,993 1,897,293 0 1,897,293 Mar 1,173,768 474,587 9,556 170 1,658,082 0 1,658,082 Apr 1,910,489 431,547 58,375 35,000 2,435,412 0 2,435,412 May 2,009,431 331,529 88,989 283 2,430,232 0 2,430,232 Jun 3,984,039 1,234,122 109,779 220 5,328,159 0 5,328,159 Jul 3,240,326 1,258,592 185,453 0 4,684,370 0 4,684,370 Aug 2,226,335 1,263,805 189,900 28,527 3,708,566 0 3,708,566 Sep 2,679,228 1,258,177 162,531 36,000 4,135,936 0 4,135,936 Oct 3,170,476 339,250 149,405 72,051 3,731,183 0 3,731,183 Nov 2,065,101 1,270,923 171,620 36,065 3,543,709 0 3,543,709 Dec 1,297,510 1,176,687 168,793 36,000 2,678,990 0 2,678,990 Jan 2018 481,195 1,069,692 73,757 38,000 1,660,645 0 1,660,645 Feb (7,893) 1,359,422 20,457 0 1,371,985 0 1,371,985 Mar (758,221) 761,103 509 36,000 39,390 0 39,390 Apr 122,944 (8) 3,559 36,000 162,496 0 162,496 May 358,952 54,841 2,516 24,082 440,391 0 440,391 Jun 2,327,261 (317,220) 13,995 24,000 2,048,036 0 2,048,036 Jul 2,644,083 531,942 56,605 24,000 3,256,629 0 3,256,629 Aug 2,173,837 416,594 65,031 24,097 2,679,558 0 2,679,558 Sep 1,353,632 585,295 34,264 24,000 1,997,191 0 1,997,191 Oct 1,326,932 469,750 39,098 24,069 1,859,849 0 1,859,849 Nov 935,144 528,368 32,469 24,000 1,519,980 0 1,519,980 Dec 1,369,601 293,834 112,831 24,100 1,800,365 0 1,800,365 Jan 2019 122,835 344,293 52,239 24,000 543,366 0 543,366 Feb 203,328 174,053 15,780 24,027 417,188 0 417,188

Mar 176,159 86,417 13,699 24,000 300,276 0 300,276

Total RP 57,865,435 20,835,208 2,760,802 856,501 82,317,945 0 82,317,945

Notes: (1) Includes $50,339 of gas transferred from storage. (2) Includes tax on gas transferred from storage. (3) Minimal fuel consumption at Rio Grande Station due to maintenance and planned outages during the months of January through

May 2018, coupled with an estimate in gas consumption for February 2018 reversed in March 2018 with no fuel consumption to off-set it.

Amounts may not add or agree to other schedules due to rounding.

1 2 3 4 5

7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

37

543

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16: RECONCILABLE FUEL COSTS SPONSOR: MELODY BOISSELIERI VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(a) (b) (c) (d) (e) (() (o) (h)

(1)

NEWMAN STATION -----

GAS

NEW MEXICO STORAGE TOTAL

TOTAL LINE

GAS TRANSPORTATION TAX FEES GAS OIUDIESEL STATION NO

$ $ $ $ $ $ $

3,062,259 5,583,788 4,429,263 6,330,342 7,784,248 4,008,027 3,796,125 3,725,591 3,736,461 5,272,207

1,238,501 1,158,901 1,767,570 1,535,203

820,696 1,544,760 1,225,064 1,133,380 1,276,393

637,533

o 0 0 0 o 0 o o o o

25,284 26,845 55,880 25,660 49,233 24,054 18,921 17,231 47,369 37,662

4,326,044 6,769,534 6,252,713 7,891,205 8,654,176 5,576,841 5,040,110 4,876,202 5,060,223 5,947,402

o o o o o o o

19,711 o o

4,326,044 6,769,534 6,252,713 7,891,205 8,654,176 5,576,841 5,040,110 4,895,913 5,060,223 5,947,402

3,270,357 1,160,952 0 29,976 4,461,284 o 4,461,284 2,333,791 1,061,183 0 46,232 3,441,206 o 3,441,206 3,154,790 860,735 o 16,912 4,032,437 o 4,032,437 5,921,490 956,771 0 29,811 6,908,073 o 6,908,073 6,176,324 870,376 o 48,781 7,095,481 o 7,095,481 7,344,840 825,655 0 46,051 8,216,547 0 8,216,547 7,779,276 846,010 0 32,436 8,657,722 o 8,657,722 5,729,593 862,157 o 25,405 6,617,155 0 6,617,155 3,257,798 1,410,015 0 0 4,667,813 7,677 4,675,490 5,265,039 646,647 o 19,497 5,931,183 0 5,931,183 3,760,025 640,405 o 24,584 4,425,014 0 4,425,014 7,764,956 735,643 o 25,578 8,526,177 0 8,526,177 6,608,268 955,956 0 57,019 7,621,243 0 7,621,243 3,691,630 1,522,682 o 30,920 5,245,232 o 5,245,232 3,790,892 1,534,953 o 20,923 5,346,767 0 5,346,767 4,697,240 1,781,380 0 81,867 6,560,486 o 6,560,486 5,408,917 741,829 0 72,819 6,223,565 o 6,223,565 6,225,030 1,646,964 0 76,037 7,948,030 o 7,948,030 6,829,472 1,157,272 0 69,806 8,056,549 o 8,056,549 5,718,654 1,776,487 0 75,072 7,570,214 0 7,570,214 5,080,857 1,990,314 o 92,852 7,164,024 0 7,164,024 3,141,553 2,041,032 o 101,477 5,284,062 0 5,284,062 3,965,122 1,663,403 0 90,861 5,719,385 o 5,719,385 4,968,288 1,524,818 0 87,239 6,580,345 0 6,580,345 3,140,974 1,855,972 o 94,015 5,090,961 o 5,090,961 1,635,449 1,709,068 o 82,588 3,427,104 o 3,427,104

174,388,936 45,116,674 o 1,706,897 221,212,507 27,388 221,239,895

Notes: (1) Includes $1,490,573 of gas transferred from storage.


RECONCILIATION PERIOD RP 1 Apr 2016 2 May 3 Jun 4 Jul 5 Aug 6 Sep 7 Oct 8 Nov 9 Dec 10 Jan 2017 11 Feb 12 Mar 13 Apr 14 May 15 Jun 16 Jul 17 Aug 18 Sep 19 Oct 20 Nov 21 Dec 22 Jan 2018 23 Feb 24 Mar 25 Apr 26 May 27 Jun 28 Jul 29 Aug 30 Sep 31 Oct 32 Nov 33 Dec 34 Jan 2019 35 Feb 36 Mar

37 Total RP

544



(a) (b) (c) (d) (e) (0 (9)

(1)

COPPER STATION - - ------

GAS STORAGE TOTAL

TOTAL

GAS TRANSPORTATION FEES GAS OIUDIESEL STATION $ $ $ $ $

129,493 (16,628) 295,903 574,820 235,571 125,000 (34,537)

5,876 10,630 60,463 55,783

(11,227) 93,213

(21,156) 252,114 151,297 287,346 48,361

102,604 (81) 92

8,658 81,178

124,872 91,234

281,824 227,025 398,391 276,464 (47,899) (33,702) 62,950 66,986 55,816

155,874 26,613

4,516 40,777 6,782

79,825 116,746

50,253 47,473

o 1,132 2,003

10,255 11,279

0 24,108

0

45,095 51,705 55,439 22,307 28,725

0 1,827

19,498 17,664 11,429

242,438

140,534 110,948 (48,215) 133,206

32,401 0

22,793 17,095 16,816 44,790

0 0 0 0 0 o o o o o 0 o o o o o o 0 o 0 0 0 0 0 0

8,460

20,982 16,440 23,496 19,680 4,782

0 5,922 4,470 4,404

11,742

134,009 24,150

302,685 654,645 352,317 175,254 12,936

5,876 11,762 62,466 66,038

53 93,213

2,952 252,114 196,392 339,052 103,801

124,911 28,644

92 10,485

100,676 142,536 102,663 532,722 388,541 525,779 251,745 104,987

3,481 62,950 95,701 77,381

177,094 83,145

0 0 0 0 o o o o 0 o o 0 0 0 0 0 0 0 0 o 0

o o o 0 o 0 0 0 0 0 0 0 0 0 0

134,009 24,150

302,685 654,645 352,317 175,254 12,936

5,876 11,762 62,466 66,038

53 93,213

2,952 252,114 196,392 339,052 103,801

124,911 28,644

92 10,485

100,676 142,536 102,663 532,722 388,541 525,779 251,745 104,987

3,481 62,950 95,701 77,381

177,094 83,145

4,121,223 1,361,643 120,378 5,603,245 0 5,603,245

Notes (1) Includes $49,255 of gas transferred from storage

Amounts may not add or agree to other schedules due to rounding

LINE

NO $ RECONCILIATION PERIOD RP

1 Apr 2016 2 May 3 Jun 4 Jul 5 Aug 6 Sep 7 Oct 8 Nov 9 Dec

10 Jan 2017 11 Feb 12 Mar 13 Apr 14 May 15 Jun 16 Jul 17 Aug 18 Sep 19 Oct 20 Nov 21 Dec 22 Jan 2018 23 Feb

24 Mar 25 Apr 26 May 27 Jun 28 Jul 29 Aug 30 Sep 31 Oct 32 Nov 33 Dec 34 Jan 2019

35 Feb 36 Mar

37 Total RP

545



LINE NO.

(a) (b) (c) (d) (2)

(e) (f)

GAS $

- FOUR CORNERS STATION (3) --

COAL COAL RECLAMATION

$ $

TOTAL COAL

$

TOTAL STATION

$

RECONCILIATION PERIOD RP

Apr 2016 May (1) Jun Jul (1) Aug Sep Oct Nov Dec Jan 2017 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2019 Feb Mar

23,102 27,247 (5,386) 24,161

o 0 o o o o o o o o o 0 o o o o o 0 o o 0 0 o o 0 0 o o 0 o o o

17,271 1,218,664 1,039,492

170,901 (1) o o o 0 0 o 0 0 0 o o 0 0 o o 0 o 0 o 0 o o o 0 o o 0 o 0 0 0

69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275

(101,493) 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044

86,546 1,287,939 1,108,767

240,176 69,274 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275

(101,493) 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044

109,648 1,315,186 1,103,381

264,337 69,274 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275 69,275

(101,493) 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044 55,044

Total RP 69,123 2,446,327 2,024,287 4,470,614 4,539,738

Notes: (1) Includes $859,319 and ($27,689) for Four Corners Minimum Take or Pay coal expense in May 2016

and July 2016, respectively. For further explanation see workpapers to Schedule FR-15. (2) Monthly amounts represent coal reclamation costs pursuant to Texas Docket No. 38361 of $69,275 per

month through June 2016. Effective in July 2016, pursuant to the settlement in Texas Docket 46308, EPE was authorized to collect monthly mine closing costs in the amount of $55,044. A true-up was recorded in June 2017 for the period of July 2016 through May 2017.

(3) EPE sold its ownership interest in Four Comers on July 6, 2016.


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

37

546

PALO VERDE UNIT 1 SPENT

FUEL COSTS (1) FUEL (2)

RECONCILIATION PERIOD (RP)

LINE NO.

TOTAL PV UNIT 1

EL PASO ELECTRIC COMPANY SCHEDULE FR-16 2019 FUEL RECONCILIATION FILING PAGE 5 OF 9 SCHEDULE FR-16: RECONCILABLE FUEL COSTS SPONSOR: MELODY BOISSELIER/ VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

(a) (b) (c) (d)

Apr 2016 481,033 52,706 533,739 May 560,422 52,706 613,128 Jun 1,249,690 52,706 1,302,396 Jul 1,237,371 52,706 1,290,077 Aug 1,295,025 52,706 1,347,731 Sep 1,014,632 52,706 1,067,338 Oct 1,303,564 52,706 1,356,270 Nov 1,375,183 52,706 1,427,889 Dec 1,331,416 52,706 1,384,122 Jan 2017 1,319,509 52,706 1,372,215 Feb 1,195,402 52,706 1,248,108 Mar 1,344,219 (365,946) 978,273 Apr 1,296,222 52,706 1,348,928 May 1,343,488 52,706 1,396,194 Jun 1,320,855 180,831 1,501,686 Jul 1,263,378 61,858 1,325,236 Aug 1,355,102 61,858 1,416,960 Sep 1,330,971 61,858 1,392,829 Oct 261,522 o 261,522 Nov 990,835 0 990,835 Dec 1,221,812 185,574 1,407,386 Jan 2018 1,195,125 61,858 1,256,983 Feb 923,693 61,858 985,551 Mar 1,219,803 (360,077) 859,726 Apr 1,024,500 61,858 1,086,358 May 1,210,310 61,858 1,272,168 Jun 1,192,949 61,858 1,254,807 Jul 1,075,946 61,858 1,137,804 Aug 1,223,302 61,858 1,285,160 Sep 1,209,144 61,858 1,271,002 Oct 1,232,534 61,858 1,294,392 Nov 1,196,599 60,000 1,256,599 Dec 1,279,704 63,716 1,343,420 Jan 2019 1,265,933 o 1,265,933 Feb 1,147,338 61,858 1,209,196 Mar 1,290,511 o 1,290,511

Total RP 41,779,042 1,253,430 l 43,032,472

Notes: (1) Represents Rio Grande Resources Trust charges for the use of fuel in Palo Verde including Concentrates,

Conversion Services, Natural Uranium Hexafluoride, Enrichment Services, Fabrication Services, Storage Services, or Other Core Design Charges, and Financing Costs.

(2) Represents Dry Cask Storage charges and Department of Energy reimbursements.

Amounts may not add or tie to other schedules due to rounding.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

37

547


LINE NO.

(a) (b) (c) (d)

PALO VERDE UNIT 2

I

SPENT FUEL COSTS (1) FUEL (2)

TOTAL PV UNIT 2

RECONCILIATIN PERIOD RP 1 Apr 2016 2 May 3 Jun 4 Jul 5 Aug 6 Sep 7 Oct 8 Nov 9 Dec 10 Jan 2017 11 Feb 12 Mar 13 Apr 14 May 15 Jun 16 Jul 17 Aug 18 Sep 19 Oct 20 Nov 21 Dec (3) 22 Jan 2018 23 Feb 24 Mar 25 Apr 26 May 27 Jun 28 Jul 29 Aug 30 Sep 31 Oct 32 Nov 33 Dec 34 Jan 2019 35 Feb 36 Mar

37 Total RP

1,280,181 80,542 1,360,723 1,326,979 80,542 1,407,521 1,302,304 80,542 1,382,846 1,335,345 80,542 1,415,887 1,339,274 80,542 1,419,816 1,314,248 80,542 1,394,790 1,347,579 80,542 1,428,121 1,308,276 80,542 1,388,818 1,370,973 80,542 1,451,515 1,358,697 80,542 1,439,239 1,230,860 80,542 1,311,402 1,180,199 (360,680) 819,519

464,403 80,542 544,945 841,909 80,542 922,451

1,210,348 80,542 1,290,890 1,207,734 80,542 1,288,276 1,237,710 80,542 1,318,252 1,213,611 80,542 1,294,153 1,244,679 0 1,244,679 1,207,158 0 1,207,158 1,272,424 (957,678) 314,746 1,254,463 53,285 1,307,748 1,135,961 53,285 1,189,246 1,273,970 (371,861) 902,109 1,223,481 53,285 1,276,766 1,103,050 53,285 1,156,335 1,127,618 53,285 1,180,903 1,138,418 53,285 1,191,703 1,143,093 53,285 1,196,378 1,088,656 53,285 1,141,941

169,739 53,285 223,024 0 50,000 50,000

1,005,980 56,570 1,062,550 1,223,894 o 1,223,894 1,109,622 53,285 1,162,907 1,250,053 o 1,250,053

40,842,889 318,416 41,161,305




(3) Includes a true-up to dry-cask amortization expense for Unit 2 Cycle 19.


548


(a) (b) (c) (d)

PALO VERDE UNIT 3 SPENT

FUEL COSTS (1) FUEL (2)

LINE NO.

TOTAL PV UNIT 3

1,335,769 89,105 1,424,874 1,384,214 89,105 1,473,319 1,352,728 89,105 1,441,833 1,392,267 89,105 1,481,372 1,396,053 (813,368) 582,685

924,102 32,700 956,802 411,417 32,700 444,117

1,001,315 305,422 1,306,737 1,284,852 47,055 1,331,907 1,276,884 47,055 1,323,939 1,156,914 47,055 1,203,969 1,297,084 (660,678) 636,406 1,247,919 47,055 1,294,974

958,287 47,055 1,005,342 1,226,772 47,055 1,273,827 1,302,096 47,055 1,349,151 1,305,636 47,055 1,352,691 1,277,993 47,055 1,325,048 1,312,038 o 1,312,038 1,272,668 o 1,272,668 1,352,890 141,165 1,494,055 1,321,890 47,055 1,368,945 1,196,768 47,055 1,243,823

989,317 (292,890) 696,427 369,661 47,055 416,716 949,860 47,055 996,915

1,030,013 47,055 1,077,068 1,116,760 47,055 1,163,815 1,182,570 47,055 1,229,625 1,163,772 47,055 1,210,827 1,191,124 47,055 1,238,179 1,156,619 40,000 1,196,619 1,219,215 54,110 1,273,325 1,204,544 o 1,204,544 1,091,230 47,055 1,138,285 1,229,133 o 1,229,133

41,882,374 89,626 i 41,972,000




(3) Includes a true-up to dry-cask amortization expense for Unit 3 Cycle 19.


RECONCILIATION PERIOD (RP) 1 Apr 2016 2 May 3 Jun 4 Jul 5 Aug (3) 6 Sep 7 Oct 8 Nov 9 Dec 10 Jan 2017 11 Feb 12 Mar 13 Apr 14 May 15 Jun 16 Jul 17 Aug 18 Sep 19 Oct 20 Nov 21 Dec 22 Jan 2018 23 Feb 24 Mar 25 Apr 26 May 27 Jun 28 Jul 29 Aug 30 Sep 31 Oct 32 Nov 33 Dec 34 Jan 2019 35 Feb 36 Mar

37 Total RP

549



(a) (b) (c) (d) (e) (f) (C)

(1)

(2)

MONTANA STATION UNITS -

GAS STORAGE

TOTAL

TOTAL LINE

GAS TRANSPORTATION FEES GAS OIL/DIESEL STATION NO.

$ $ $ $ $

679,574 402,212 9,716 1,091,502 0 1,091,502 1,139,630 284,002 8,155 1,431,787 0 1,431,787 1,552,924 375,316 14,720 1,942,960 0 1,942,960 2,273,087 465,340 9,414 2,747,841 0 2,747,841 2,818,053 259,610 22,181 3,099,844 0 3,099,844 3,066,801 564,793 11,061 3,642,655 34,527 3,677,182 3,137,415 786,303 16,079 3,939,797 0 3,939,797

913,280 901,159 17,964 1,832,402 0 1,832,402 2,466,659 520,172 22,766 3,009,598 9,694 3,019,292 1,493,138 395,992 33,953 1,923,083 0 1,923,083 1,344,748 393,272 12,087 1,750,107 0 1,750,107 2,180,742 453,708 24,062 2,658,512 0 2,658,512 3,538,904 709,706 18,088 4,266,699 0 4,266,699 1,710,736 974,211 40,581 2,725,528 0 2,725,528 2,745,897 262,085 23,724 3,031,705 0 3,031,705 2,759,821 290,081 26,209 3,076,111 0 3,076,111 2,743,141 259,231 15,497 3,017,869 0 3,017,869 2,721,208 235,780 10,595 2,967,583 0 2,967,583 2,473,017 621,433 0 3,094,449 0 3,094,449

(94,967) 348,310 16,568 269,911 0 269,911 3,066,462 206,333 11,416 3,284,210 9,695 3,293,905 1,754,458 219,867 10,422 1,984,747 0 1,984,747

864,609 206,321 15,111 1,086,041 0 1,086,041 3,129,904 220,913 5,080 3,355,896 0 3,355,896 1,686,436 974,226 15,077 2,675,739 0 2,675,739 1,624,585 918,622 17,799 2,561,006 0 2,561,006 2,324,663 522,201 14,459 2,861,322 0 2,861,322 2,502,309 646,651 15,523 3,164,484 0 3,164,484 2,265,837 407,191 14,892 2,687,920 0 2,687,920 1,232,809 576,918 13,248 1,822,975 0 1,822,975

530,177 451,075 10,504 991,756 0 991,756 1,300,408 271,648 6,523 1,578,579 0 1,578,579 1,908,949 467,908 11,827 2,388,684 0 2,388,684

705,977 674,307 16,291 1,396,574 0 1,396,574 1,313,501 412,208 9,635 1,735,344 0 1,735,344 1,829,673 607,266 13,670 2,450,609 0 2,450,609

69,704,563 17,286,371 554,893 87,545,827 53,916 87,599,744

Notes: (1) Includes $39,016 of gas transferred from storage. (2) Montana Power Station Units 3 and 4 began commercial production on May 3, 2016 and September 15, 2016, respectively. (3) Negative fuel cost was a result of the reversal of the October 2017 estimate offset by actual fuel expense and

an understated November 2017 estimate.


RECONCILIATION PERIOD RP 1 Apr 2016 2 May 3 Jun 4 Jul 5 Aug 6 Sep 7 Oct 8 Nov 9 Dec 10 Jan 2017 11 Feb 12 Mar 13 Apr 14 May 15 Jun 16 Jul 17 Aug 18 Sep 19 Oct 20 Nov (3) 21 Dec 22 Jan 2018 23 Feb 24 Mar 25 Apr 26 May 27 Jun 28 Jul 29 Aug 30 Sep 31 Oct 32 Nov 33 Dec 34 Jan 2019 35 Feb 36 Mar

37 Total RP

550

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16: RECONCILABLE FUEL COSTS SPONSOR: MELODY BOISSELIERI VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(a) (b) (c) (d) (e) (f) (g) (h) (1)

TOTAL COMPANY BY ACCOUNT .... GAS OIL/DIESEL COAL TOTAL GAS OIL/DIESEL TOTAL NUCLEAR TOTAL

LINE FERC 501 FERC 501 FERC 501 FERC 501 FERC 547 FERC 547 FERC 547 FERC 518 COMPANY NO. $ $ $ $ $ $ $ $ $

RECONC,LIATION PERIOD (RP) 1 Apr 2016 5,864,888 0 86,546 5,951,434 1,876,521 0 1,876,521 3,319,336 11,147,290 2 May 8,623,449 0 1,287,939 9,911,388 1,641,913 0 1,641,913 3,493,968 15,047,269 3 Jun 8,810,205 0 1,108,767 9,918,973 2,615,221 0 2,615,221 4,127,075 16,661,268 4 Jul 12,075,704 0 240,176 12,315,880 3,700,911 0 3,700,911 4,187,336 20,204,127 5 Aug 11,584,452 0 69,274 11,653,725 3,389,719 0 3,369,719 3,350,232 18,393,677 6 Sep 8,480,697 o 69,275 8,549,972 3517,909 34,527 3,852,436 3,418,930 15,821,337 7 Oct 7,190,312 0 69,275 7,259,587 4,151,546 0 4,151,546 3,228,508 14,639,640 8 Nov 5,243,187 19,711 69,275 5,332,173 2,967,259 0 2,967,259 4,123,444 12,422,876 9 Dec 6,644,215 0 69,275 6,713,490 3,998,191 9,694 4,007,885 4,167544 14,888,918 10 Jan 2017 7,659,641 0 69,275 7,728,916 2,513,869 0 2,513,869 4,135,393 14,378,178 11 Feb 5,903,109 0 69,275 5,972584 2,271,613 0 2,271,613 3,763,479 12,007,476 12 Mar 4,900,825 o 69,275 4,970,100 2,857,027 0 2,857,027 2,434,199 10,261,326 13 Apr 6,235,838 0 69,275 6,305,113 4,591,922 0 4,591,922 3,188,847 14,085,882 14 May 9,153,290 0 69,275 9,222,565 2,913,495 0 2,913,495 3,323,987 15,460,047 15 Jun 11,821,471 0 (101,493) 11,719,978 3,885,989 0 3,685,989 4,066,403 19,672,370 16 Jul 12,100,351 o 55,044 12,155,395 4,073,069 0 4,073,069 3,962,663 20,191,128 17 Aug 11,631,847 o 55,044 11,686,891 4,091,362 0 4,091,362 4,087,903 19,866,156 18 Sep 9,998,377 0 55,044 10,053,421 3,826,098 0 3,826,098 4,012,030 17,891,549 19 Oct 7,957,768 7,677 55,044 8,020,490 3,660,587 0 3,660,587 2,818,239 14,499,316 20 Nov 8,681,616 o 55,044 8,736,660 1,091,831 0 1,091,831 3,470,661 13,299,152 21 Dec 7,542,339 o 55,044 7,597,383 2,845,967 9,695 2,855,662 3,216,187 13,669,233 22 Jan 2018 9,716,814 0 55,044 9,771,858 2,465,239 0 2,465,239 3,933,676 16,170,774 23 Feb 8,717,586 0 55,044 8,772,630 1,462,359 0 1,462,359 3,418,620 13,653,609 24 Mar 5,257,177 0 55,044 5,312,221 3,525,878 0 3,525,878 2,458,262 11,296,361 25 Apr 5458,491 0 55,044 5,513,535 2,829,175 0 2,829,175 2,779,840 11,122,550 26 May 6,957,581 0 55,044 7,012,626 3,137,024 0 3,137,024 3,425,418 13,575,067 27 Jun 8,053,902 0 55,044 8,108,946 3,467,562 0 3,467,562 3,512,778 15,089,287 28 Jul 10,777,093 o 55,044 10,832,137 4,117,829 0 4,117,829 3,493,322 18443,288 29 Aug 10,278,772 0 55,044 10,333,816 3,396,999 0 3,396,999 3,711,163 17,441,978 30 Sep 9,349,005 0 55,044 9,404,050 2,146,361 0 2,146,361 3,623,770 15,174,180 31 Oct 8,994,133 0 55,044 9,049,177 1,024,977 0 1,024,977 2,755,595 12,829,749 32 Nov 6,747,118 0 55,044 6,802,162 1,698,453 0 1,698,453 2,503,218 11,003,833 33 Dec 7,406,495 0 55,044 7,461,539 2,597,640 0 2,597,640 3,679,295 13,738,475 34 Jan 2019 7,084,284 0 55,044 7,139,328 1,513,383 0 1,513,383 3,694,371 12,347,083 35 Feb 5,289,229 o 55,044 5,344,273 2,131,357 0 2,131,357 3,510,388 10,986,018 36 Mar 3,599,536 o 55,044 3,654,580 2,661,598 0 2,661,598 3,769,697 10,085,875

37 Total RP 291,790,796 27,388 4,470,614 296,288,799 104,957,851 53,916 105,011,767 126,165,777 527,466,343

Notes: (1) Includes S1529,183 of gas transferred from storage.


551

EL PASO ELECTRIC COMPANY SCHEDULE FR-16.1 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-16.1: FOSSIL FUEL MIX (BURNED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

GAS

For purposes of this schedule, gas burns approximate gas purchases over the Reconciliation Period. In any given month during the Reconciliation Period, burns may not agree with purchases. However, EPE balances current month differences in succeeding months. The total purchases include gas flowed through EPE's storage facility. The majority of the gas withdrawn from EPE's storage facility is burned at the Newman Station. Please see Schedule FR-16.2, Fossil Fuel Mix (Purchased).

COAL

Coal burned represents contract coal requirements. EPE sold its ownership interest in Four Corners on July 6, 2016. Please see Schedule FR-16.2, Fossil Fuel Mix (Purchased) and Schedule FR-20, Fuel Management.

OIL

All fuel oil burned was from inventory. Please see Schedule FR-2.1, Fuel Oil Burns.

552

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2: FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

SCHEDULE FR-16.2 PAGE 1 OF 15

(a) (b) (c) (d) (e) (f) (g) (h) (i)

RIO GRANDE STATION - SPOT GAS

GAS GAS NM TOTAL

TOTAL UNE

GAS TRANSPORTATION STORAGE FEES TAX GAS GAS GAS GAS NO

6 6 6 6 6 MMBTU 6 / MMBTU $ / MMBTU

(1) (7) (2) (3) (4)

(5) (6) RECONCIUATION PERIOD (RP)

1 Apr 2016 1,300,710 787,437 35,000 63,454 2,156,602 693,092 1 88 3 15 2 May 1,701,154 230,977 o 86,695 2,018,826 789,311 2 16 2 56 3 Jun 2,533,531 302,877 35,073 100,951 2,972,432 1,106,191 2 29 2 69 4 Jul 3,039,201 1,259,568 335 134,171 4,433,276 1,182,273 2 57 3 75 5 Aug 2,490,462 249,507 35,115 98,496 2,873,582 1,011,447 2 46 2.84 6 Sep 2,449,478 310,161 35,000 111,941 2,908,580 995,455 2.46 2 92 7 Oct 1,946,320 252,556 35,195 84,837 2,318,908 753,020 2.58 3.06 6 Nov 1,193,811 204,180 75 61,645 1,459,710 448,977 2 66 3.25 9 Dec 1,526,340 977,059 25 77,127 2,580,551 482,9e0 3 16 5 34

10 Jan 2017 1,657,544 441,217 28,993 79,545 2,207,296 497,240 3.33 4 44

11 Feb 1,342,197 470,850 170 9,556 1,822,774 445,542 3.01 4 09

12 Mar 1,181,197 427,906 35,000 59,214 1,703,317 449,081 2 63 3 79 13 Apr 2,023,503 325,834 283 88,150 2,437,771 762,562 2.65 3 20 14 May 2,131,297 1,227,015 220 110,074 3,468,606 8013,690 2 64 4 29 15 Jun 2,962,501 1,248,796 o 163,053 4,394,350 1,113,663 2.66 3 95 16 Jul 3,159,974 1,253,459 26,527 169,748 4,631,708 1,197,101 2 64 3.87 17 Aug 2,934,963 1,248,475 36,000 161,823 4,381,261 1,139,174 2.58 3.85 18 Sep 2,836,807 331,155 72,051 149,405 3,389,418 1,103,876 2 57 3 07 19 Oct 2,275,493 1,262,448 36,065 171,772 3,745,778 935,643 2 43 4 00 20 Nov 2,121,896 1,168,492 36,000 168,793 3,495,181 855,709 2 46 4 08 21 Dec 1,443,359 1,064,307 36,000 73,757 2,617,423 585,840 2 46 4.47

22 Jan 2018 404,947 1,356,694 o 20,754 1,782,395 174,526 2 32 10 21

23 Feb 379,625 759,488 36,000 212 1,175,327 145,170 2.62 8 10

24 Mar o (5) 36,000 3,559 39,554 o ooo 0.00 25 Apr stow 54,127 24,082 2,516 161,806 66,000 1 23 2 45 26 May 273,070 161,059 24,000 13,995 472,124 211,000 1 29 2 24 27 Jun 1,953,265 564,393 24,000 56,605 2,598,283 1,047,855 1 86 2 48 28 Jul 2,547,178 442,297 24,097 65,031 3,076,602 1,303,596 1 95 2.36 29 Aug 2,225,671 559,592 24,000 34,264 2,843,526 1,210,954 1 84 2 35 30 Sep 1,443,404 469,750 24,069 39,098 1,976,321 849,400 1 70 2 33 31 Oct 1,183,327 528,368 24,000 30,665 1,766,360 819,001 1 44 2 16 32 Nov 1,277,004 293,805 24,100 79,006 1,673,916 762,741 1 67 2.19 33 Dec 1,330,449 344,293 24,000 44,873 1,743,614 771,532 1 72 2 26 34 Jan 2019 288,960 174,053 24,027 13,963 501,003 201,000 1 44 2.49 35 Feb 292,258 86,417 24,000 12,624 415,299 206,107 1 40 2 00 36 Mar 134,933 68,125 24,359 12,062 239,479 156,690 0 86 1.53

37 Total RP 58,066,933 20,906,730 845,860 2,693,436 82,512,960 25,2114,421 2 30 3 26

Notes

(1) Minimal fuel consumption at Rio Grande Station due to maintenance and planned outages during the months of January through May 2018

(2) Gas Transportation costs include reservation charges and represent the cost of transporting spot gas through the EPNG interstate pipeline

(3) EPE has a contract with Chevron ending Apnl 30, 2017 and I0nder Morgan beginning May 1, 2017 for storage of interstate gas purchases.

(4) Monthly amounts represent the sum of Gas, Gas Transportation, Gas Storage Fees and NM Tax.

(5) Monthly amounts represent the product of Gas divided by Gas MMBtu (h = b / g)

(6) Monthly amounts represent the product of Total Gas divided by Gas MMEttu = f g)

(7) Minimal hod cnnsiimptinn at Rin (trande Station due to maintenance and planned outages dunng the months of January through May 2018.

Arnounts may not add or agree to other schedules due to rounding

553

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2. FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

SCHEDULE FR-16 2 PAGE 2 OF 15

(a) (b) (c) (d) (a) (0 (a) (h) (I)

NEWMAN STATION - SPOT GAS

GAS GAS NM

TOTAL

TOTAL

GAS TRANSPORTATION STORAGE FEES TAX

GAS GAS GAS GAS

$ $ $ $

$ MMBTU $ / MMBTU $ / MMBTU

(1) (2)

(3)

(4) (5)

TION PERIOD (RP)

2,644,831 924,106 26,845

0 3,595,782 1,418,051 1 87

2 54

3,945,334 1,407,783 55,880

0 5,408,997 2,117,821 1 86

2 55

4.006,656 1,253,305 25,660

0 5,285,851 1,981,598 2 02

2.67

5,613,464 559,132 49,233

0 6,221,849 2,204,177 2 55

2 32

5,359,308 1,212,468 24,054

0 6,595,830 2,085,126 2 57

3 16

3,326,031 917,409 18,921

0 4,262,361 1,248,829 2 66

3.41

2,898,074 855,857 17,231

0 3,771,162 1,090,701 2 66

3 46

2,681,966 1,073,370 47,369

0 3,802,705 1,080,152 2 48

3 52

2,871,842 431,898 37,662

0 3,341,402 900,637 3 19

3 71

3,724,765 962,476 29,940

0 4,717,181 1,098,390 3 39

4 29

2,448,452 565,078 46,232

0 3,359,762 307,102 3.03

4 16

1,805,351 657,973 16,912

0 2,460,236 678,737 2 66

3.65

2,388,022 708,500 29,811

0 3,126,333 892,611 2 68

3 50

4,345,537 526,552 48,751

0 4,920,671 1,633,901 2.66

3.01

5,350,469 496,113 46,051

0 5,892,633 1,964,166 2.72

3 00

5,886,489 526,395 32,436

o 6,445,320 2,216,048 2.66

2.91

6,119,497 549,125 25,405

o 6,694,025 2,322,759 2.63

2 ea 4,466,133 1,071,398 0

0 5,537,531 1,699,578 2 63

3.26

3,202,168 401,122 19,497

0 3,622,787 1,289,640 2 48

2 81

3,131,470 435,523 24,584

0 3,591,577 1,233,150 2 54

2 91

4,064,698 527,843 25,614

o 4,618,154 1,639,037 2.48

2 82

6,528,796 759,753 57,019

0 7,345,568 2,491,725 2 62

2 95

5,431,444 1,327,475 30,920

0 6,789,839 2,267,461 2 40

2.99

3,229,303 1,339,407 20,923

0 4,589,632 1,595,266 2.02

2.88

3,377,246 1,788,654 81,867

0 5,247,769 2,172,741 1.55

2.42

4,465,092 1,954,839 72,819

0 6,492,750 2,748,133 1.62

2.36

5,746,306 1,652,868 76,037

0 7,477,211 2,939,828 1.96

2 54

6,207,318 1,243,961 69,806

0 7,521,085 3,149,654 1 97

2 39

6,651,986 1,754,340 75,072

0 8,481,399 3,444,074 1.93

2 46

5,381,731 2,028,838 92,852

0 7,503,421 3,344,349 1.61

2 24

4,716,303 2,070,086 101,477

0 6,867,866 2,990,020 1 58

2 30

3,599,355 1,689,584 90,861

0 5,379,800 2,310,376 1 56

2 33

4,090,274 1,563,534 87,239

0 5,741,097 2,303,055 1 78

2 49

4,524,408 1,893,813 94,015

0 6,512,236 2,190,452 2 07

2 97

3,209,665 1,735,746 82,588

o 5,027,998 2,027,564 1 58

2 48

1,842,954 1,167,351 80,035

0 3,090,370 1,784,109 1 03

1 73

149,284,989 40,333,756 1,761,649

0 191,380,393 69,364,023 2 15

2 76

LINE

NO

RECONCIL

1 Apr 2016

2 May

3 Jun

4 Jul

5 Aug

6 Sep

7 Oct

6 Nov

9 Dec

10 Jan 2017

11 Feb

12 Mar

13 Apr

14 May

15 Jun

16 Jul

17 Aug

18 Sep

19 Oct

20 Nov

21 Dec

22 Jan 2018

23 Feb

24 Mar

25 Apr

26 May

27 Jun

28 Jul

29 Aug

30 Sep

31 Oct

32 Nov

33 Dec

34 Jan 2019

35 Feb

36 Mar

37 Total RP

Notes (1) Gas Transportation costs include reservation charges and represent the cost of transporting spot gas through the EPNG interstate pipeline and, beginning April 1, 2018,

the Oneok intrastate pipeline

(2) EPE has a contract with Chevron ending Apnl 30, 2017 and iGnder Morgan beginning May 1, 2017 for storage of Interstate gas purchases Additionally. EPE has a

contract wont Oneok Texas Gas Storage, LLC for intrastate gas storage beginning Apnl 1, 2018.

(3) Monthly amounts represent the sum of Gas, Gas Transportation, Gas Storage Fees and NM Tax

(4) Monthly amounts represent the product of Gas dmded by Gas MMEttu (h = b I g).

(5) Monthly amounts represent the product of Total Gas dmded by Gas MMEttu (i =1/ g)


554

UNE

NO

(a) (h) (e) (d) (a) (9) (h) (1)

COPPER STATION - SPOT GAS

GAS

$

(1)

GAS TRANSPORTATION

$ (2)

GAS

STORAGE FEES

$ (3)

NM TOTAL TAX GAS

$ $ (4)

GAS

MMEITU

GAS $ / MMBTU

(5)

TOTAL GAS

/ MMBTU

(6) RECONCIUAT ON PERIOD (RP)

1 Apr 2016 az o o o 62 o ooo 2 May 82 o o o 82 o ooo 3 Jun ea o o o 82 o 0.00 4 Jul 82 o o o 82 o 0 03 5 Aug 82 o o o 82 o 0 oo 6 Sep 84 o o o 84 o ooo 7 Oct 83 o o o 83 o 0.00 8 Nov 84 o o o 64 o 0.00 9 Dec 84 o o 0 84 0 0 00 10 Jan 2017 84 o o o 84 0 0 00 11 Feb 84 o o 0 84 0 0 00 12 Mar as o o o es o 0.00 13 Apr 84 0 o o 64 0 0 00 14 May 64 o o o 84 o 0,00 15 Jun 84 o o o 64 o ooo 16 Jul 92 0 0 0 92 o 0.00 17 Aug 92 o o o 92 o ooo 18 Sep 92 0 0 0 92 o ooo 19 Oct 92 0 o o 92 o ooo 20 Nov 92 0 o o 92 o 0.00 21 Dec 92 0 0 o 92 o 0.00 22 Jan 2018 92 0 0 o 92 o 0.00 23 Feb 92 o o o 92 0 0 00 24 Mar 94 0 o o 94 o 0.03 25 Apr 55,697 39,125 8,460 o 103,261 42,300 1 32 26 May 152,946 152,621 20,982 o 326,549 108,407 1.41 27 Jun 246,080 125,623 16,440 0 388,144 123,300 2 00 28 Jul 326,045 178,162 23,496 o 527,703 182,103 1 79 29 Aug 279,209 149,999 19,680 o 448,888 152,520 1.83 30 Sep 47,797 35,738 4,782 0 88,317 35,166 1.33 31 Oct 97 o o o 97 o ooo 32 Nov 44,512 25,660 5,922 0 76,094 29,610 1 50 33 Dee 55,525 20,215 4,470 0 80,210 23,163 2 40 34 Jan 2019 50,941 19,813 4,404 0 75,158 22,785 2 24 35 Feb 106,401 51,281 11,742 o 169,424 54,796 1 94 36 Mar 42,011 26,721 6,150 _0 74,882 33,825 1 24

37 Total RP 1,409,339 824,958 126,528 0 2,360,825 805,675 1.74

ooo 0.00 0.00

0.00 0.00 ooo o00 o00 0.00

0.00 0 00

o00 0 00 o00 o00

o00 o00 o00 0.00

o00 o00 o00

0.00 0.00

2 44 3 01

3 15 2 90

2 94 2.46

(Leo 2 57

3 46 3.30

3 09 2 21

2 92

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2: FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER I VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


Notes. (1) For the penod of Apre 2018 through March 2018 amounts represent monthly meter reading costs. There is no volume (MMBTU) associated with these expenses

(2) Gas Transportation costs include reservation charges and represent the cost of transporting spot gas through the EPNG Interstate pipeline and, beginning Apnt 1, 2018, the Oneok intrastate pipeline

(3) EPE has a contract with Oneok Texas Gas Storage, LLC for intrastate gas storage beginning Apnl 1, 2018

(4) Monthly amounts represent the sum of Gas, Gas Transportation, Gas Storage Fees and NM Tax (5) Monthly amounts represent the product of Gas divided by Gas MMBtu (h = b / g). (6) Monthly amounts represent the product of Total Gas divided by Gas MMBlu (u = f l g)

Amounts may not add or mgrs. to othor scirrad4s due in munetano

555

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2 FOSSIL FUEL MIX (PURCHASED) SPONSOR. MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(a)

LINE NO

(b) (e) (d) (a) (f)

(h)

MONTANA STATION - SPOT GAS (6)

GAS

$

GAS

TRANSPORTATION

$ (1)

GAS NM TOTAL STORAGE FEES TAX GAS

$ $ $ (2) (3)

GAS

MMBTU

GAS

$ / MMBTU

(4)

TOTAL GAS

$ / MMBTU

(5) RECONCIUATION PERIOD (RP)

1 Apr 2016 803,449 280,728 8,155 0 1,092,330 430,779 1.87 2 54 2 May 1,039,291 370,844 14,720 0 1,424,655 557,685 1136 2 55 3 Jun 1,469,995 459,797 9,414 0 1,939,205 726,982 2 02 2 67 4 Jul 2,529,080 251,910 22,181 0 2,803,171 993,064 2 55 2 82 5 Aug 2,464,499 557,558 11,061 0 3,033,119 960,234 2.57 3 16 6 Sep 2,821,901 778,356 16,079 0 3,616,336 1,059,540 2 66 3.41 7 Oct 3,021,195 892,217 17,964 0 3,931,375 1,137,037 2.66 3 46 8 Nov 1,268,964 515,866 22,766 0 1,827,595 519,126 2 45 3.52 9 Dec 2,588,972 389,357 33,953 0 3,012,281 511,924 3 19 3 71 10 Jan 2017 1,506,116 389,696 12,122 0 1,909,935 444,725 3 39 4 29 11 Feb 1,274,297 450,230 24,062 0 1,745,589 420,056 3 03 4 16 12 Mar 1,930,13138 703,726 18,088 0 2,652,702 725,934 2.66 3.65 13 Apr 3,250,755 964,464 40,581 o 4,255,800 1,215,089 2.68 3 50 14 May 2,113,347 256,076 23,724 0 2,393,146 794,6013 2.66 3.01 15 Jun 3,045,057 282,345 26,209 0 3,353,614 1,117,846 2 72 3 00 16 Jul 2,812,327 251,490 15,497 0 3,079,314 1,056,737 2.66 2 91 17 Aug 2,552,031 229,003 10,595 0 2,791,629 966,669 2 63 2 88 18 Sep 2,558,296 613,720 0 0 3,172,018 973,555 2.63 3 26 19 Oct 2,721,191 340,572 16,568 0 3,078,631 1,095,933 2 48 2 81 20 Nov 1,454,077 202,232 11,416 0 1,667,725 572,605 2 54 2 91 21 Dec 1,656,200 215,075 10,386 0 1,881,661 667,842 2.48 2 82 22 Jan 2018 1,730,276 201,351 15,111 0 1,946,738 660,364 2.62 2 95 23 Feb 892,277 218,077 5,080 0 1,115,434 372,499 2.40 2 99 24 Mar 2,326,965 965,147 15,077 0 3,307,189 1,149,513 2 02 2 88 25 Apr 1,782,911 909,712 17,796 0 2,710,422 1,123,741 1 59 2 41 26 May 1,758,380 714,791 14,459 0 2,517,630 1,059,296 1 64 2 31 27 Jun 2,436,035 646,542 15,523 0 3,098,100 1,249,018 1 95 2 48 28 Jul 2,549,324 432,512 14,892 0 2,996,728 1,2131,939 1 99 2 34 29 Aug 2,317,847 551,628 13,248 0 2,882,723 1,193,510 1 94 2 41 30 Sep 1,348,310 451,070 10,504 0 1,809,884 817,817 1 65 2.21 31 Oet 682,756 271,648 6,523 0 960,927 421,495 1 62 2 28 32 Nov 1,026,685 467,906 11,827 0 1,506,618 655,914 1 57 2 30 33 Dec 1,747,711 674,307 16,291 0 2,438,309 1,035,417 1 69 2.35 34 Jan 2019 973,673 412,208 9,635 0 1,395,516 477,193 2 04 2.92 35 Feb 1,104,145 607,266 13,670 0 1,725,082 717,720 1 54 2 40 36 Mar 1,292,652 885,393 22,934 0 2,201,006 1,303,164 0 99 1 69

37 Total RP 66,904,107 17,805,120 568,111 O 87,277,336 30,501,072 2 24 2 83

Notes

(1) Gas Transportation costs include reservation charges and represent the cost of transporting spot gas through the EPNG interstate pipeline

(2) EPE has a contract veth Chevron ending Apnl 30, 2017 and Kinder Morgan beginning May 1, 2017 for storage of interstate gas purchases Additionally, EPE has a contract with Oneok Texas Gas Storage, LLC for Intrastate gas storage beginning Apnl 1, 2018

(3) Monthly amounts represent the sum of Gas, Gas Transportation, Gas Storage Fees and NM Tax (4) Monthly amounts represent the product of Gas divided by Gas MMBtu (h = b / g)

(5) Monthly amounts represent the product of Total Gas divided by Gas MMBtu = ff g)

(6) Montana Unrts 3 and 4 were completed and placed onto service online on May 3, 2016 and September 15, 2016, respecevely


556



(a) (b) (c)

(d) (e)

(g)

STORAGE - SPOT GAS

GAS

NEW MEXICO

TOTAL

TOTAL

LINE

GAS TRANSPORTATION

TAX

GAS GAS GAS GAS

NO.

$ $

$

$ MMBTU $ / MMBTU $ / MMBTU

(1)

(2) (3)

(4) l (5)

RECONC ILIATI ON PERIOD (RP)

1 Apr 2016 o

o

o o o 0 00 0.00

2 May 83,548

o

o 83,548 43,065 1.94 1.94

3 Jun 35,582

o

o 35,582 14,626 2.43 2.43

4 Jul 178,263

0

o 178,263 67,084 2.66 2 66 5 Aug 56,315

0

o 56,315 23,000 2.45 2 45

6 Sep o

o

o o o 0.00 o00 7 Oct 105,808

0

o 105,808 39,000 2.71 2.71

8 Nov 30,450

o

o 30,450 15,000 2.03 2 03

9 Dec 14,700

o

o 14,700 5,000 2.94 2.94 10 Jan 2917 178,258

o

o 178,258 58,500 3.05 3.05

11 Feb 80,710

o

o 80,710 34,000 2.37 2 37

12 Mar o

o

o o o 0.00 0.00

13 Apr 149,978

o

o 149,978 56,500 2.65 2 65

14 May 120,113

o

o 120,113 44,000 2.73 2.73

15 Jun o

o

o o o 0.00 0.00

16 Jul 163,475

o

o 163,475 65,000 2.52 2 52

17 Aug o

o

o o o 0.00 0.00

18 Sep o

o

o o o 0.00 0.00

19 Oct 34,573

o

o 34,573 13,000 2 66 2.66

20 Nov 0

o

o o o 0.00 0.00

21 Dec o

o

o o o ooo 0.00 22 Jan 2018 o

o

o o o 0.00 0.00

23 Feb o

o

o o o ooo 0.00

24 Mar o

o

o o o• 0.00 0.00

25 Apr 118,350

o

o 118,350 90,000 1 32 1.32

26 May o

o

o o o 0.00 0.00

27 Jun o

o

o o o 0.00 ooo 28 Jul o

o

o o o 0.00 0.00

29 Aug 113,460

o

o 113,460 62,000 1 83 1 83

30 Sep 8,538

o

o 8,538 7,762 1.10 1.10

31 Oct o

o

o o o 0.00 0 00

32 Nov o

o

o o o 0.00 0.00 33 Dec o

o

o o o 0.00 0.00

34 Jan 2019 207,807

o

o 207,807 92,771 2 24 2 24

35 Feb 0

o

o o o 0.00 0.00 36 Mar (34,863)

o

o (34,863) 67,949 (0.51) (0.51)

37 Total RP 1,645,063

0

1,645,063 798,257 2.06 2.06

Notes

(1) EPE has a contract with Chevron ending April 30, 2017 and Kinder Morgan beginning May 1, 2017 for storage of interstate gas

purchases. Additionally, EPE has a contract with Oneok Texas Gas Storage, LLC for intrastate gas storage beginning April 1, 2018

Gas represents gas flowed through our storage facility. The majority of this gas is bumed at the Newman Station.

(2) Represents gas injected into storage. Gas in storage is not reflected as fuel expense until it is withdrawn Gas withdrawn

from storage is reflected in plant amounts as fuel expense.

(3) Monthly amounts represent the sum of Gas and Gas Transportation.

(4) Monthly amounts represent the product of Gas divided by Gas MMEltu (f = b / e). (5) Monthly amounts represent the product of Total Gas divided by Gas MMBtu (g = d / e).


557

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2:FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2018 THROUGH MARCH 2019


(a) (b) (c) (d) (d) (e) (1) (g) (k)

COMPANY TOTALS - SPOT GAS

GAS

6

GAS

TRANSPORTATION

6

(1)

GAS RESERVATION

6

GAS STORAGE FEES

$

(2)

NM TAX

6

TOTAL

GAS

6

(3)

GAS

MINSTU

GAS

S / MMBTU

(4)

TOTAL GAS

S / MMBTU

(5) ION PERIOD (RP)

4,749,072 1,992,270 0 70,000 63,454 6,874,798 2,541,922 1 87 2 70

6,769,410 2,009,804 0 70,800 86,695 8,9313,309 3,508,082 1 93 2 55 8,048,075 2,015,979 0 70,146 100,951 10,233,151 3.829,397 2 10 2.87

11,360,111 2,070110 0 71,749 134,171 13,836,642 4,446,596 2 55 3 07 10,370,667 2,019,533 0 70,230 98,498 12,558,928 4,082,807 2.54 3 08

8,597,494 2,005,927 0 70,000 111,941 10,785,362 3,303,524 2.60 3.26 7,971,479 2,000,630 0 70,390 04,537 10,127,337 3,019,758 2 64 3 35

5,195.274 1,793,415 0 70,210 61,645 7,120,545 2,063,255 2.52 3 45

7,001,937 1,798,313 0 71,640 77,127 8,949,017 2200,541 3 18 4.07 7,0613,768 1,793,389 0 71,055 79,545 9,012,756 2,098,855 3 37 4 29 5.145,740 1,786,159 0 70,464 9,556 7,011,919 1,706,702 3 02 4 11 4,917,523 1,789,605 0 70,000 59,214 6,838,341 1,853,732 2 65 3 89

7,812,341 1,995,798 0 70,675 88,150 9,969,965 2,926,762 2 67 3 41

8,710,375 2,009,643 0 72,725 110,074 10,902,619 3,281,199 2 65 3 32

11,358,111 2,027,256 0 72,260 183,053 13,640,881 4,195,677 2 71 3 25 12,022,357 2,031,344 0 76,460 159,748 14,319,909 4,536,886 2.65 3.18

11,608,582 2,026,603 0 72,000 161,523 13,867,008 4,430,602 2.62 3.13 9,861,330 2,018,273 0 72,051 149,405 12,099,058 3,777,009 2 61 3 20 8233,517 2,004,442 0 72,130 171,772 10,481,861 3,334216 2 47 3 14

6,707,535 1,806,246 0 72,000 188,793 8,754,574 2,661,464 2 52 3 29

7,164,348 1,807,224 0 72,000 73,757 9,117,330 2192,719 2 45 3 15 8,664,111 2,317,799 0 72,130 20,754 11,074,793 3,326,618 2 80 3.33

6,703,440 2,305,041 0 72,000 212 9,080,892 2,785,130 2.41 3.26

5,556,361 2,304.549 0 72,000 3,559 7,938,488 2,744,779 2.02 2.89 5,415,285 2,791,618 0 132,207 2,516 8,341,627 3,494,782 1 55 2.39 6,679,488 2,983,310 0 132,260 13,995 9,809,053 4,158,836 1 61 2 36

10,383,706 2,989,427 0 132,000 56,605 13,561,738 5,380,001 1 94 2 53 11,629,865 2,296,932 0 132290 65,031 14,124,116 5,917,294 1 97 2.39 11,588,172 3,015,560 0 132,000 34,264 14,769,996 6,053,358 1 91 2 44

8,229,781 2,985,396 0 132,207 39,098 11,386,481 5,055,164 1 63 225 6,582,483 2,870,102 0 132,000 30,665 9,615249 4,230,516 1 56 227

5,947,756 2,471955 0 132,709 79,008 8,636,428 3,758,841 1 65 2.30 7,223,959 2,602,398 0 132.000 44,873 10,003,229 4,133,167 1 75 2.42 6,045,789 2,499,888 0 132,080 13,983 8,691,720 2,984,201 2.03 2 91 4,712,470 2,480,709 0 132,000 12,624 7,337,803 3,008,187 1 57 2 44 3,277,718 2,147,620 0 133,478 12,062 5,570,876 3,345,737 0 98 1 67

279,310,431 79,870,564 0 3,302,148 2,893,436 365,176,580 127,056,4413 2 20 2 87

LINE

NO.

RECONCILIA

1 Apr 2016

2 May

3 Jun

4 Jul

5 Aug

6 Sep 7 Oct

Nov

9 Dec 10 Jan 2017

11 Feb

12 Mar

13 Apr

14 May

15 Jun 16 Jul

17 Aug

15 Sep 19 Oct

20 Nov

21 Dec

22 Jan 2018

23 Feb

24 Mar 25 Apr

26 May

27 Jun 28 Jul

29 Aug

30 Sep 31 Oct

32 Nov

33 Dec

34 Jan 2019

35 Feb

38 Mar

37 Total RP

Notes (1) Gas Transpodabon costs include reseniabon charges and represent the cost of transportmg spot gas through the EPNG interstate pipeline and, beginnung April 1, 2019, the Oneok intrastate pipeline

(2) EPE has • contract with Chevron ening AprIl 30. 2017 and Kinder Morgan begmning May 1, 2017 for storage of interstate gas purchases. Addbonally, EPE has a contract with Oneok Texas Gas Storage, LLC for intestate gas storage bagmning April 1, 2018 Get represents gas flowed through our storage fealty. The mgonly of this gas es humid at the Newman Stabon

(3) Monthly amounts represent the sum of Gas, Gas Transpodabon, Gas Storage Fees and NM Tax


(5) Monthly amounts represent the product of Total Gas deeded by Gas MMStu = f / g)

Amounts may not add or agree to other schedules due to roundmg

558



UNE

NO.

(a) (b) (c) (d) (e) (f) (10 (h)

RIO GRANDE STATION - CONTRACT GAS

GAS

$

GAS

TRANSPORTATION

NM TOTAL

TAX GAS GAS

MMBTU

GAS

$/ MMBTU

TOTAL

GAS

$ / MMBTU

(1) (2) (3)

RECONCILIAIION PERIOD (RP)

1 Apr 2016 o o o o o 0.00 0.00

2 May 0 0 0 o o 0.00 0.00

3 Jun 0 0 0 0 0 0.00 0.00

4 Jul 0 0 0 o o 0.00 0.00

5 Aug o 13 o o o 0.00 0.00

6 Sep 0 0 o o o 0.00 0 00

7 Oct o o o o o 0.00 0.00

8 Nov o 13 o o o 0.00 0.00

9 Dec 0 0 0 0 0 0.00 0 00

10 Jan 2017 0 0 0 o o 0 00 0 00

11 Feb 0 0 o o o 0 00 0.00

12 Mar 0 o o o o 0.00 0.00

13 Apr o o o o o 0.00 0.00

14 May o o o o o 0 00 0.00

15 Jun o o o o o 0.00 0 00

16 Jul o o o o o 0.00 0.00

17 Aug o o o o 0 0.00 0.00

18 Sep o 0 0 o 0 0 00 0.00

19 Oct o o o o o 0.00 0.00

20 Nov 0 0 0 o o 0.00 0.00

21 Dec 0 o o o o 0.00 0.00

22 Jan 2018 o o o o o 0.00 0.00

23 Feb o o o o o 0 00 0.00

24 Mar o o o o o 0.00 0.00

25 Apr o o o o o 0.00 0 00

26 May o o o o o 0.00 0.00

27 Jun o o o o o 0.00 0.00

28 Jul o o o o o 0.00 0.00

29 Aug o o o o o 0.00 0 00

30 Sep o o o o o 0 00 0.00

31 Oct 0 0 0 0 o 0 00 0 00

32 Nov o o o o o 0.00 0.00

33 Dec 0 0 0 0 0 0.00 0 00

34 Jan 2019 o o o o o 0.00 0 00

35 Feb 0 0 0 0 0 0.00 0.00

36 Mar 0 0 0 0 0 0.00 0.00

37 Total RP 0

0.00 0 00

Notes:

(1) Monthly amounts represent the sum of Gas, Gas Transpoitation and NM Tax.

(2) Monthly amounts represent the product of Gas divided by Gas MMBlu (g = b / f)

(3) Monthly amounts represent the product of Total Gas divided by Gas MMBtu (h = e /f).


559

EL PASO ELECTRIC COMPANY

2019 FUEL RECONCILIATION FILING

SCHEDULE FR-16.2: FOSSIL FUEL MIX (PURCHASED)

SPONSOR. MELODY BOISSELIER / VICTOR MARTINEZ

PREPARER: ANA R BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

SCHEDULE FR-16.2

PAGE 8 OF 15

LINE

NO

(a) (b) (c) (d) (e) (1) (9)

NEWMAN STATION - CONTRACT GAS

GAS

$

GAS TOTAL

TRANSPORTATION GAS GAS

$ $ MMBTU

GAS

$ / MMBTU

TOTAL

GAS

/ MMBTU

(1) (2) (3) (4)


Apr 2016 474,049 224,011 698,060 281,135 1.69 2 48

May 945,827 342,807 1,288,634 510,228 1 85 2 53

Jun 713,416 266,787 980,203 378,092 1 89 2 59

Jul 1,089,389 24.4,472 1,333,861 414,657 2 63 3 22

Aug 1,541,426 316,559 1,857,986 579,433 2.66 3 21

Sep 1,015,705 298,288 1,313,993 375,107 2.71 3 50

Oct 981,407 268,945 1,250,352 346,037 2 84 3 61

Nov 760,388 194,063 954,451 291,752 2 61 3.27

Dec 978,837 198,275 1,177,112 317,714 3 08 3.70

Jan 2017 975,041 189,643 1,164,683 269,937 3.61 4.31

Feb 810,065 189,422 999,487 264,824 3 06 3.77

ma: 751,663 197,170 948,833 307,494 2.44 3.09

Apr 717,091 241,110 958,201 250,810 2 86 3 82

May 843,288 331,468 1,174,756 298,882 2 82 3,93

Jun 1,498,672 315,915 1,814,587 506,567 2.96 3.58

Jul 1,294,326 303,403 1,597,729 452,446 2 86 3 53

Aug 1,230,621 296,759 1,527,381 442,797 2 78 3.45

Sep 1,242,517 325,141 1,567,658 455,178 2 73 3 44

Oct 754,268 236,855 991,123 289,365 2.61 3 43

Nov 809,285 196,052 1,005,336 311,326 2.60 3 23

Dec 929,501 196,038 1,125,539 352,364 2 64 3 19

Jan 2018 737,968 177,451 915,419 291,903 2.53 3 14

Feb 769,788 177,947 947,735 263,141 2 93 3 60

Mar 622,251 182,946 805,197 302,247 2 06 2 66

Apr (5) 0 0 0 0 0 00 0.00

May 0 0 0 0 0.00 0 00

Jun 0 0 0 0 0.00 0 00

Jul 0 0 0 0 0.00 0.00

Aug 0 0 0 0 0 00 0.00

Sep 0 0 0 0 0 00 0 00

Oct 0 0 0 0 0.00 0.00

Nov 0 0 0 0 0 00 0 00

Dec 0 0 0 0 0 00 0 00

Jan 2019 0 0 0 0 0.00 0 00

Feb 0 0 0 0 0 DU U IJU

Mar 0 0 0 0 0.00 0 00

Total RP 22,486,790 5,911,527 28,398,316 8,553,436 2 63 3 32

Notes

(1) Gas Transportabon costs Include reservation charges and represent the cost of transpoiting contract gas through the

Oneok Intrastate pipelme

(2) Monthly amounts represent the sum of Gas, Gas Transportation and NM Tax

(3) Monthly amounts represent the product of Gas divided by Gas MMEItu (1 = b / e)

(4) Monthly amounts represent the product of Total Gas divided by Gas MMBlu (g = d / e)

(5) EPE's intrastatecontract with Sequent Energy Management LP expired on March 31, 2018. All gas purchases beginnmg April 01, 2018

have been spot transactions


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

560

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2: FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER. ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(a) (b) (c) (d) (e) (f) (g)

LINE

NO.

COPPER STATION - CONTRACT GAS

GAS

$

GAS

TRANSPORTATION

$

TOTAL

GAS

$

GAS

MMBTU

GAS

$ / MMBTU

TOTAL

GAS

$ / MMBTU

(1) (2) (3) i (4)


Apr 2016 86,293 40,777 127,070 51,169 1 69 2 48

May 19,330 6,782 26,112 10,110 1 91 2 58

Jun 213,459 79,825 293,284 113,138 1 89 2 59

Jul 520,228 116,746 636,974 198,020 2 63 3.22

Aug 243,245 50,253 293,498 92,009 2.64 3 19

Sep 161,651 47,473 209,124 59,719 2.71 3 50

Oct 0 0 0 o 0 00 0 00

Nov 4,902 1,132 6,034 1,695 2 89 3.56

Dec 9,887 2,003 11,890 3,204 3 09 3.71

Jan 2017 52,724 10,255 62,979 14,584 3 62 4.32

Feb 48,370 11,279 59,649 15,772 3.07 3 78

Mar 0 0 0 0 0.00 0.00

Apr 71,701 24,108 95,810 25,066 2 86 3 82

May o o 0 o 0 00 0 00

Jun 213,900 45,089 258,990 72,308 2.96 3 58

Jul 220,569 51,703 272,272 77,075 2.86 3 53

Aug 229,884 55,435 285,319 82,700 2 78 3 45

Sep 85,242 22,306 107,548 31,246 2 73 3 44

Oct 91,514 28,737 120,251 35,094 2.61 3 43

Nov 0 0 0 0 0 00 0 00

Dec 8,567 1,827 10,393 3,230 2 65 3 22

Jan 2018 81,086 19,498 100,584 32,080 2 53 3 14

Feb 76,412 17,664 94,076 26,118 2 93 3 60

Mar 38,874 11,429 50,303 18,899 2 06 2 66

Apr (5) 0 0 0 0 0.00 0 00

May 0 o o o 0 00 0 00

Jun 0 o o o 0 00 0 00

Jul 0 o o o 0 00 0.00

Aug o o o o 0 00 0 00

Sep 0 0 o a 0 00 0 00

Oct o o o a 0 00 0 00

Nov 0 0 0 0 0.00 0 00

Dec 0 0 0 0 0.00 0 00

Jan 2019 0 0 0 0 0 00 0 00

Feb 0 0 0 0 0 00 0 00

Mar 0 0 0 0 0 00 0.00

Total RP 2,477,837 644,323 3,122,160 963,236 2 57 3.24

Notes

(1) Gas Transportation costs include reservation charges and represent the cost of transporting contract gas through the

Oneok intrastate pipeline


(3) Monthly amounts represent the product of Gas divided by Gas MMBtu (f = b / e)

(4) Monthly amounts represent the product of Total Gas divided by Gas MMBtu (g = d / e)

(5) EPE's intrastate contract with Sequent Energy Management LP expired on March 31, 2018 All gas purchases beginning Apnl 01, 2018

have been spot transactions.


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

561

LINE

NO

(a) (b) (c) (d) (e) (f) (9)

MONTANA STATION - CONTRACT GAS (4)

GAS

$

GAS TOTAL

TRANSPORTATION GAS GAS

$ $ MMBTU

GAS

$ / MMBTU

TOTAL

GAS

$ / MMBTU

(1) (2) (3)


1 Apr 2016

2 May

3 Jun

4 Jul

5 Aug

6 Sep

7 Oct

8 Nov

9 Dec

10 Jan 2017

11 Feb

12 Mar

13 Apr

14 May

15 Jun

16 Jul

17 Aug

18 Sep

19 Oct

20 Nov

21 Dec

22 Jan 2018

23 Feb

24 Mar

25 Apr

26 May

27 Jun

28 Jul

29 Aug

30 Sep

31 Oct

32 Nov

33 Deo

34 Jan 2019

35 Feb

36 Mar

o o o o aoo o oo o o o o 0.00 o oo o o o o o oo aoo o o o o o oo o oo o o o o o oo 0.00 o o o o o oo o oo o o o o o oo o oo o o o o o oo o oo o o o o o oo 0.00 o o o o o oo o oo o o o o 0.00 o oo o o o o o oo o oo o o o 0 0.00 o oo o o o o o oo o oo o o o o o oo o co o o o o o oo 0.00 o o o o o oo o oo o o o o o oo o oo o 0 o o o oo 0.00 o o o o o oo o co o o o o o oo o oo o o o o o oo o oo o o o o 0.00 o oo o o o o o oo o oo o o o o cLoo 0.00 o o o o o oo o oo o o o o o oo o oo o o o o 0 oo o co o o o o 0 oo 0.00 o o o o o oo o oo o o o o o oo o oo o o o o 0.00 o oo o o 0 n 0 no o oo o o o o o oo o oo o o o o 0.00 o oo o o o o 0.00 0 oo

37 Total RP 0

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING


SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


Notes


(2) Monthly amounts represent the product of Gas divided by Gas MMBtu (g = b / f)

(3) Monthly amounts represent the product of Total Gas divided by Gas MMBtu (h = e I 1).

(4) Montana Units 3 and 4 were completed and placed into service online on May 3, 2016 and September 15, 2016, respectively


562

LINE

NO

(a) (b) (c) (d) (e) (f) (9) (h)

FOUR CORNERS STATION - CONTRACT GAS (5)

GAS

$

GAS

TRANSPORTATION

$

NM TOTAL

TAX GAS GAS

$ $ MMBTU

GAS

$ / MMBTU

TOTAL

GAS

$ / MMBTU

(1) (2)


Apr 2016 23,102 0 0 23,102 5,780

May 27,247 o o 27,247 8,006

Jun 16,035 o o 16,035 8,041

Jul 8,126 o o 8,126 319

Aug 0 o o o o Sep o o o o o Oct o a o o o Nov o o o o o Dec o o o o o Jan 2017 o o o o o Feb o o o o o Mar o o o o o Apr o o o o o May o o o o o Jun o o o o o Jul o o a o o Aug o o o o o Sep o o o o o Oct o o o o o Nov o o o o o Dec o 0 o o o Jan 2018 o o o o o Feb o o o o o Mar o o o 0 o Apr o o o o o May o o o o o Jun o o o 0 o Jul o o o o o Aug o o o o o Sep o o o o o Oct o o o o o Nov o o o o o Deo o o n n o Jan 2019 o o o o o Feb o o o o o Mar o o o o o

Total RP 74,510 0 0 74,510 22,146

(3) (4)

4.00 4 00

3.40 3.40

1 99 1.99

25.47 25 47

ooo o oo 0.00 0 oo ooo o oo ooo 0.00 ooo 0.00 ooo o oo ooo 0.00 ooo o oo ooo o oo ooo o oo ooo 0.00 0 oo o oo ooo o oo oco o oo 0.00 o co ooo o oo ooo o co ooo o oo 0.00 o oo ooo o oo ooo 0.00 oco o oo ooo o oo ooo 0 oo ooo o oo ooo o oo ooo o oo ooo o oo ooo o oo ooo o oo ooo o co ooo 0.00

3 36 3 36

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37


2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.2: FOSSIL FUEL MIX (PURCHASED) SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ PREPARER: ANA R. BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


Notes

(1) Gas Transportation costs are included in the gas cost purchased from APS.

(2) Monthly amounts represent the sum of Gas and Gas Transportation.

(3) Monthly amounts represent the product of Gas divided by Gas MMBtu (f = b / e)

(4) Monthly amountsrepresent the product of Total Gas divided by Gas MMBtu (g = d / e)

(5) EPE sold its ownership interest in Four Comers cri July 6, 2016


563

STORAGE - CONTRACT GAS (1)

LINE

NO

GAS NEW MEXICO TOTAL TOTAL

GAS TRANSPORTATION TAX GAS GAS GAS GAS

5 MMBTU S MMB111 SIMMBT1J

(2) (3) (4)


Apr 2016 o o o o a 0.00 0.00

May o o o o o 0 00 0.00

Jun 0 o o o o 0 00 0 00

Jul o o o o o 0 00 0.00

Aug o o o o o 0 00 0.00

Sep o o o o 0 0 00 0 00

Oct o o o o o 0 00 0 00

Nov o o o o o 0 00 0 00

Dec 0 o o o o 0 00 0 00

Jan 2017 0 o o o o 0.00 0 00

Feb o o o o o 0 00 0 00

Mar 0 o o o o 0.00 0 00

Apr 0 o o o 0 0 00 0.00

May o o o o o 0 00 0 00

Jun o o o o o 0 00 0 00

Jul o o o o o 0 00 0 00

Aug o 0 o o o 0 00 0.00

Sep o o 0 o o 0 00 0 00

Oct o o o o o 0 00 0 00

Nov o o o o o 0.00 0 00

Dec o 0 o o o 0 00 0.00

Jan 2018 o o o o o 0.00 0 00

Feb o o o o o 0.00 0.00

Mar o o o o 0 0 00 0 00

Apr o 0 o o o 0 00 0 00

May o o o 0 0 0 00 0 00

Jun o o o o o 0 00 0.00

Jul o o o a o 0.00 0 00

Aug o o o o o 0 00 0 00

Sep o o 0 o o 0.1:03 0 00

Oct o o o o o 0 00 0.00

Nov o o o o o 0 00 0 00

Dec o 0 0 o o 0 00 0.00

Jan 2019 o o o o o 0.00 0.00

Feb 0 0 0 o o 0 00 0.00

Mar o o o o o 0 00 0.00

Total RP 0 0 O O 0 0 00 0 00

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

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25

26

27

28

29

30

31

32

33

34

35

36

37


2019 FUEL RECONCILIATION FILING


SPONSOR: MELODY BOISSELIER / VICTOR MARTINEZ

PREPARER: ANA R. BOISSELIER

FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

SCHEDULE FR-16.2

PAGE 12 OF 15

(a) (b) (c) (d) (e) (f) (9) (h)

Notes

(I) EPE has a contract with Chevron ending April 30, 2017 and Kmder Morgan beginning May 1, 2017 for storage of

interstate gas purchases Additionally. EPE has a contract with Oneok Texas Gas Storage, LLC for intrastate gas

storage beginning Apnl 1, 2018 Gas represents gas flowed through our storage facility The majority of this gas is

bumed at the Newman Station Storage fees are included in the spot gas schedules by plant

(2) Monthly amounts represent the sum of Gas and Gas Transpoitation.

(3) Monthly amounts represent the product of Gas divided by Gas MMEttu (f b / e)

(4) Monthly amounts represent the product of Total Gas divided by Gas MMBtu (g = d / e)


564



LINE

NO

(a) (b) (c) (d) (e) (r) (g) (h)

COMPANY TOTALS - CONTRACT GAS

GAS

$

GAS

TRANSPORTATION

$

NM TOTAL

TAX GAS

$ $

GAS

MMBTU

GAS

$ / MMBTU

TOTAL

GAS

$ / MMBTU

(1) (2) (3)

RECONCILIATIO PERIOD (RP)

1 Apr 2016 583,443 264,789 0 848,232 338,084 1 73 2 51

2 May 992,403 349,589 0 1,341,992 528,344 1 88 2.54

3 Jun 942,910 346,612 0 1,289,522 499,271 1 89 2 58

4 Jul 1,617,743 361,218 0 1,978,960 612,996 2 64 3 23

5 Aug 1,784,672 366,813 0 2,151,484 671,442 2.66 3 20

6 Sep 1,177,356 345,761 0 1,523,117 434,826 2.71 3.50

7 Oct 981,407 268,945 0 1,250,352 346,037 2.84 3 61

8 Nov 765,290 195,195 0 960,485 293,447 2.61 3 27

9 Dec 988,724 200,277 0 1,189,002 320,918 3.08 3.71

10 Jan 2017 1,027,765 199,897 0 1,227,662 284,521 3 61 4 31

11 Feb 858,435 200,701 0 1,059,136 280,596 3 06 3 77

12 Mar 751,663 197,170 0 948,833 307,494 2 44 3 09

13 Apr 788,792 265,218 0 1,054,010 275,876 2 86 3 82

14 May 843,288 331,468 0 1,174,756 298,882 2 82 3 93

15 Jun 1,712,573 361,004 0 2,073,577 578,875 2 96 3.58

16 Jul 1,514,895 355,106 0 1,870,001 529,521 2 86 3 53

17 Aug 1,460,505 352,195 0 1,812,700 525,497 2 78 3 45

18 Sep 1,327,759 347,447 0 1,675,206 486,424 2 73 3 44

19 Oct 845,782 265,592 0 1,111,374 324,459 2 61 3 43

20 Nov 809,285 196,052 0 1,005,336 311,326 2 60 3 23

21 Dec 938,068 197,865 0 1,135,933 355,594 2 64 3 19

22 Jan 2018 819,054 196,949 0 1,016,003 323,983 2 53 3 14

23 Feb 846,200 195,610 0 1,041,811 289,259 2 93 3 60

24 Mar 661,125 194,375 0 855,501 321,146 2 06 2.66

25 Apr 0 0 0 0 0 0 00 0 00

26 May 0 0 0 0 0 0 00 0 00

27 Jun 0 0 0 0 0 0 03 0 00

28 Jul 0 0 0 0 0 0 00 0 00

29 Aug 0 0 0 0 0 0 00 0.00

30 Sep 0 0 0 0 0 0 00 0 00

31 Oct 0 0 0 0 0 0.00 0 00

32 Nov 0 0 0 0 0 0.00 0.00

33 Dec 0 0 0 0 0 0 00 0 00

34 Jan 2019 0 0 0 0 o 0 00 0 00

35 Feb 0 0 0 U U 0 00 0 00

36 Mar 0 0 0 0 0 0.00 0 00

37 Total RP 25,039,137 6,555,849 0 31,594,986 9,538,818 2 62 3 31

Notes


(2) Monthly amounts represent the product of Gas divided by Gas MMBtu (g = b / f).

(3) Monthly amounts represent the product of Total Gas divided by Gas MMBlu (h = e / f).


565



(a) (b) (c) (d) (e) (f) (s) (h) 01

COMPANY TOTALS - SPOT GAS

GAS

6

GAS

TRANSPORTATION

$

(1)

GAS STORAGE NM

FEES TAX

$ $

(2)

TOTAL

GAS

$

(3)

GAS

MMBTU

GAS

S / MMBTU

(4)

TOTAL

GAS

6 / MMBTU

(5) RECONCILIATION PERIOD (RP)

Apr 2016 5,332,516 2,257,058 70,000 63,454 7,723,028 2,880,006 1 85 2 68

May 7,761,813 2,359,193 70,600 86,695 10,278,301 4,036,426 1 92 2.55

Jun 8,988,986 2,362,591 70,146 100,951 11,522,673 4,328,668 2 08 2 66

Jul 12,977,854 2,431,828 71,749 134,171 15,615,602 5,059,594 2 56 3 09

Aug 12,155,339 2,386,345 70,230 98,498 14,710,412 4,754,249 2 56 3 09

Sep 9,774,850 2,351,688 70,000 111,941 12,308,479 3,738,650 2 61 3.29

Oct 8,952,886 2,269,575 70,390 84,837 11,377,689 3,365,795 2.66 3 38

Nov 5,960,564 1,988,610 70,210 61,645 8,081,029 2,356,702 2 53 3.43

Dec 7,990,661 1,998,590 71,640 77,127 10,138,019 2,521,459 3,17 4 02

Jan 2017 8,096,533 1,993,286 71,055 79,545 10,240,418 2,383,376 3 40 4.30

Feb 6,004,175 1,986,860 70,464 9,556 8,071,055 1,987,298 3 02 4 06

Mar 5,669.186 1,986,775 70,000 59,214 7,785,175 2,161,226 2 62 3.60

Apr 8,601,133 2,264,017 70,675 88,150 11,023,975 3,202,638 2 69 3 44

May 9,553,866 2,341,110 72,725 110,074 12,077,576 3,580,081 2 67 3.37

Jun 13,070,684 2,388,260 72,260 183,053 15,714,258 4,774,552 2 74 3 29

Jul 13,537,252 2,386,450 76,460 189,748 16,189,910 5,066,407 2.67 3 20

Aug 13,067,087 2,378,798 72,000 161,823 15,679,706 4,956,099 2 64 3 16

Sep 11,189,089 2,363,720 72,051 149,405 13,774,265 4,263,433 2 62 3 23

Oct 9,079,299 2,270,034 72,130 171,772 11,593,234 3,658,675 2 48 3.17

Nov 7,516,820 2,002,298 72,000 168,793 9,759.910 2,972,790 2.53 3.28

Dec 8,102,416 2,005,089 72,000 73,757 10,253,263 3,248,313 2 49 3 16

Jan 2018 9,483,165 2,514,748 72,130 20,754 12,090,796 3,650,601 2 60 3.31

Feb 7,549,641 2,500,651 72,000 212 10,122,503 3,074,389 2.46 3 29

Mar 6,217,486 2,498,924 72,000 3,559 8,791,969 3,065,925 2 03 2.87

Apr 5,415,285 2,791,618 132,207 2,516 8,341,627 3,494,782 1.55 2 39

May 6,679,488 2,963,310 132,260 13,995 9,809,053 4,156,836 1 61 2 36

Jun 10,383,706 2,989,427 132,000 56,605 13,561,738 5,360,001 1.94 2 53

Jul 11,629,865 2,296,932 132,290 65,031 14,124,118 5,917,294 1.97 2 39

Aug 11,588,172 3,015,560 132,000 34,264 14,769,998 6,063,358 1 91 2 44

Sep 8,229,781 2,985,396 132,207 39,098 11,386,481 5,055,194 1 63 2.25

Oct 6,582,483 2,870,102 132,000 30,665 9,615.249 4,230,516 1.56 2.27

Nov 5,947,756 2,478,955 132,709 79,008 8,636,428 3,758,641 1 58 2.30

Dec 7,223,959 2,602,398 132,000 44,873 10,003,229 4,133,167 1.75 2.42

Jan 2019 6,045,789 2,499,888 132,080 13,963 8,691,720 2,964,201 2 03 2 91

Feb 4,712,470 2,480,709 132,000 12,624 7,337,803 3,008,187 1 57 2 44

Mar 3,277,716 2,147,620 133,478 12,062 5,570,876 3,345,737 0.98 1 67

Total RP 304,349,567 86,426,413 3,302,148 2,693,436 396,771,565 136,595,266 2 23 - 2.90

Notes (1) Gas Transportation costs include reservation charges and represent the cost of transporbng spot gas through the EPNG Interstate pipeline and, beginning

Apnl 1, 2019, the Oneok Intrastate pipehne

(2) EPE has a contract with Chevron ending Apnl 30, 2017 and Kinder Morgan beginning May 1, 2017 for storage of Interstate gas purchases. Additionally, EPE

has a contract with Oneok Texas Gas Storage, LLC for intrastate gas storage beginning Apnl 1, 2018 Gas represents gas flowed through our storage facility.

The matonty of this gas is bumed at the Newman Station

(3) Monthly amounts represent the sum of Gas, Gas Transportabon, Gas Storage Fees and NM Tax


(5) Monthly amounts represent the product of Total Gas divided by Gas MMBtu = f / g)


LINE

NO

1

2

3

4

5

6

7

6 9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

as

37

566



(a) (b) (c) (d) (e) (f) (g) (h) (i)

UNE

NO.

FOUR CORNERS STATION - CONTRACT COAL (8)

COAL

RECONCILABLE

FUEL COSTS

NON-

RECONCILABLE

FUEL COSTS

TOTAL

COAL COAL

TONS

COAL

MMBTU

COAL

/ MMBTU

TOTAL

COAL

/ MMBTU

(1) (3) (4) (5) (6) (7) RECONCILIATION PERIOD (RP)

1 Apr 2016 17,271 69,275 139,341 225,887 568 9,919 1 74 22 77

2 May (2) 1,218,664 69,275 144,937 1,432,876 11,687 208,311 5.85 6.88

3 Jun 1,039,492 69,275 79,884 1,188,651 34,912 610,712 1 70 1 95

4 Jul (2) 170,901 69,275 13,169 253,345 67,221 117,163 1.46 2.16

5 Aug

(1) 69,275 (6,006) 63,268 o o 0.00 0 00

6 Sep

0 69,275 8,002 77,277 o o 0.00 0.00

7 Oct

0 69,275 0 69,275 o o 0 00 0 00

8 Nov

o 89,275 0 69,275 0 o 0 00 0.00

9 Dec

0 69,275 0 69,275 0 o 0.00 0 00

10 Jan 2017

o 69,275 0 69,275 o o 0.00 0 00

11 Feb

o 69,275 0 69,275 0 o 0 00 0 00

12 Mar

o 69,275 0 69,275 0 o 0.00 0 00

13 Apr

o 69275 0 69,275 o o 0.00 0 00

14 May

o 69,275 o 69,275 0 o 0.00 0 00

15 Jun

o (101,493) 0 (101,493) 0 o 0.00 0 00

16 Jul

o 55,044 o 55,044 0 o 0 00 0 00

17 Aug

0 55,044 o 55,044 0 0 0 00 0 00

18 Sep

o 55,044 0 55,044 o o 0.00 0 00

19 Oct

o 55,044 o 55,044 o o 0 00 0 00

20 Nov

o 55,044 o 55,044 0 0 0 00 0 00

21 Dec

o 55,044 0 55,044 o o 0 00 0.00

22 Jan 2018

0 55,044 o 55,044 0 o 0.00 0 00

23 Feb

o 55,044 o 55,044 0 o 0.00 0 00

24 Mar

o 55,044 o 55,044 o o 0 00 0 00

25 Apr

0 55,044 o 55,044 o o 0 00 0 00

26 May

o 55,044 o 55,044 0 o 0 00 0 00

27 Jun

o 55,044 0 55,044 o o 0 00 0 00

28 Jul

0 55,044 o 55,044 o o 0.00 0 00

29 Aug

0 55,044 0 55,044 o o 0 00 0 00

30 Sep

0 55,044 o 55,044 0 0 0 00 0.00

31 Oct

0 55,044 0 55,044 o o 0.00 0 00

32 Nov

a 55,044 o 55,044 0 o 0.00 0.00

33 Dec

0 55,044 o 55,044 o 0 0 00 0 00

34 Jan 2019

o 55,044 o 55,044 0 o o 00 0 00

35 Feb

o 55,044 0 55,044 o o 0.00 0 03

36 Mar

o 55,044 0 55,044 0 0 0.00 0.03

37 Total RP 2,446,327 2,024,287 379,328 4,649,943 114,588 946,105 2 59 5 13

Notes

(1) Monthly amounts represent reconalable contract coal cost

(2) Includes $859,319 and (527,689) for Four Comers Minimum Take or Pay coal expense in May 2016 and July 2016, respectively For further explanation

see workpapers to Schedule FR-15 (3) Monthly amounts represent coal reclamation costs pizsuant to Texas Docket No 38361 of 569,275 per month through June 2016. Effective in July 2016, pursuant to the

settlement in Texas Docket 46308, EPE was authonzed to collect monthly mine dosing costs in the amount of $55,044 A true-up was recorded in June 2017 for the

penod ot July 2016 through May ZU1/

(4) Non-reconcilable fuel costs consists of two items (1) coal handling and residual waste that are not recoverable from Texas customers and (2) the recoverable portion

of the final coal reclamation costs currently included in the New Mexico fuel adjustment clause puisuant to Case No 09-00171-UT

(5) Monthly amounts represent the sum of Coal, Reconcilable Fuel Costs and Non-Reconcilable Fuel Costs (e = b + c + d)

(6) Monthly amount represents the product of Coal divided by Coal MMBtu (h = b / g)

(7) Monthly amount represents the product of Total Coal divided by Coal MMBtu = e / g).

(8) EPE sold its ownershipinterest in Four Comers on July 6, 2016


567

EL PASO ELECTRIC COMPANY 2018 FUEL RECONCIUAT/ON FILlNG SCHEDULE FR-18 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA SOISSEUER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


APACHE CORPORATION I

RIO GRANDE STATION NEWMAN STATION MONTANA STATION STORAGE .4 11.1LR ,

.3

UNE l

— GAS — " .15Xr GAS TRANSP (A) WA TAX TOTAL GAS GAS

GAS OAS GAS TRANSP (A) TOTAL GAS GAS

IDA S GAS GAS TRANSP (Al TOTAL GAS GAS

GAs GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS

NO L S S 1 MW1TU I MOTU S $ MMITU Si MMITU S $ 1 MMITU MMSTU _Ir S I $ MMITU $ r MMITU S S 3 MMST 1 / MMTU RECONC TION PERIOD (NIT

1 Dr 2018 7,230

72311 4.609 1 54 171.827 171,627 111.445 1 54 52.137 52 137 33.165 1 54

0 00

0 00 2 M ay 0

0 0 000 348,1101 344161 182.556 1 80 91 303 81,303 50 724 1 10 8 406

1491 4 720 1 113

000 3 1111 217.21:0

217200 I 23.000 1 61 158.904 156104 17 792 1 81 511201 5&361 32.209 1 81

0 OD

000 4 Jul 0

0 0 000 0 0 0 0 00 0 0 0 0 03

0 00

0 DO 5 Aup 538 156

538,156 206 436 261 280755 203 755 109070 2 56 129105 126 1C• 50,432 2 SS

0 00

0 00 6 Sep 21 348

21,348 6 210 203 605.201 665 201 256050 258 504 376 564 378 217,7411 2 50

0 00

0 00 7 Oct 0

0 0 000 202381 202381 73085 2 74 210,990 210.920 77 004 2 74

0 03

0 00 II Noy 0

0 0 000 254 WS 264805 101.091 2 52 122.403 122,403 46,572 2 52

0 00

0 00 9 Dec 0

0 0 000 515 505 515 595 178 118 2.93 4114.810 484 810 156,134 2 V3

0 00

0 00 10 Jen21317 20 370

20,370 5 820 350 800 867 1100,887 171119 3 50 243234 243 204 0467 3 50

0.00

000 11 Feb 1,036,083

1031013 335283 301 58.536 56.538 18297 308 20 425 28.425 0 523 3 08

0 00

0 00 12 M4r O

0 000 272008 272.008 118 WS 2 27 290 WO 210320 126 158 277

0 CO

0 00 13 Apr O

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0 00 0

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0 00 14 Mw O

0 000

0 00 0

0 0 00

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000

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0 00

0 00 115 Jul 17 Aup

0 36.787

0 31717 14,981

000 261 19198

18.586 7 508 0 00 2 GI

0 8 172 6.17 3,13

O 0 03 2 61

0 00 0 00

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11 Sep

000

0 00

0 00

0 00

0 00 19 Oct

500

0 00

0 00

0 03

0 03 30 Nov

500

0 00

003

0.00

0 00 21 Dec

1100

0 03

0 00

0 03

0 00 22 J1120111

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0 00

0 00

0 00

0 00 23 Feb

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0.00 26 Med

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0 00 31 Oct

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0 00

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000 35 Feb

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0 00 36 Mar 117,9981

117 8011 0,257 11.941 78.41

78.41 117 WS 0 67 SS 877 SI 877 103,095 0 6?

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37 Total RP 1.158.750

1,160,700 707.546 763 3,122003 3022903 1.544.108 2 35 2,333818 2 333519 982743 2 37 6 41111 II 4116 4.720 1 60

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Notes (AI EPEM contrwl wdh El Pa4o Natml Gas Cornosnv ard Oneolt WeeMen Transmassn tor trans.:00ton of Indratate ow =chases Trammtaben ohms of wrchwed on are not wad4ble by vendor Refer to owes 8 and 115 0.124 for trarsoordecn chum by dant 111 Rem/gents 641 mlected arto Mr Nome tadlay The maamly st 61851..bupludlt Nwenan Station

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Amounts maynotaddor ameto other schedules due to roundmp

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EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FIUNG SCHEDULE FR-18 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA SOISSEUER FOR THE RECONCILIATION PERIOD APRIL 20111THROUGH MARCH 2019


(a)

OP ENERGY DONNY

RIO GRANDE STATION

NEWMAN STATION

MONTANA STATION

STORAGE 1151 COPPER

GAS GAS

GAS GAS

GAS GAS

GAS GAS GAS GAS LINE NO

GAS TRANSP (A) NM TAX TOTAL 1 $

OAS MMISTU

GAS $ / M %ITU

OAS $

TRAMP (A) TOTAL $

GAS M MOTU

GAS S / MENU

GAS $

TRANSP 1A1 TOTAL OAS $ 6 MM11111

GAS I / MMERU

GAS TRANSP (A) TOTAL GAS GAS $ $ $ MMOTU s i won't)

GAS TRANSP (A) TOTAL GAS $ 12111111T

GAS SIMMSTU

REL6.19- LIMA PERIOD (RI

1 A•r20T1 NSW 2 905 93.454 50420 1 90 191,074

191 074 108,001 1 75 58,045

51 045 33,133 1 75 0 0 0 00

0 00 2 3

Ma Jun

5650 89 157

0 9 550 1,025 93 112

5,001 35 177

1 91 2 53

177,485 112172

177 445 112,1172

91106 44,053

1 79 2 55

45 754 41,338

46 754 21 107 41.336 111161

1 79 2 56

0 0

0 0

0 00 0 00

0 CO 0 00

4 Jul 334,731 24 445 351 576 129 083 2 81 752 8115

762 988 218,333 2 95 343 754

343 754 121 104 2115 15.9 15 175 8,000 2 16

0 CO 5 Al.II 28,343 3,575 31.959 10128 2 47 135,478

135 471 52110 2 51 82.21111

82 219 24 113 2 51

0 00

0 00 11 Sao 27 100 1 778 28 878 10 000 2 71 11015

14 015 51153 2 83 13 547

13,587 4,798 2 83

0 00

0 03 7 Od 18,141 0 911,841 37,611 2 95 15,751

65 751 22,518 2 91 85 544

114 544 26577 2 11

0 00

0 00 8 Noy 5 280 1,638 0,818 2,000 2 43 52,351

52 3111 22 521 2 32 25 179

25 179 10.172 2 32

0 00

0 00 9 Dec 1 635 0 1 835 485 3 37 150222

119 222 51722 3 42 171,910

179 591 52 599 3 42

0 00

0 00 10 Jan 2017 35,085 0 31015 11 300 3 10 95102

95,802 21,152 3 40 31711

31 7811 11618 3 40 21 950

29150 10%0 3 00

0 DO 11 FIN 71 220 0 71.220 25.124 2 /3 II 718

11,711 32 775 2 71 41,173

40 173 17.091 2 71

0 00

0 00 12 Mar 25 100 1,883 27 413 10 000 2 58 38.112

38,112 14 978 2 54 40 712

40,762 16.020 2 54

0.00

0 00 13 Aer 1 225 9,101 10,363 444 2 75 162,994

182 994 51857 2 72 221 840

221 ND 81 42 2.72 12.285 12,285 4,500 2 73

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300.414 101 NO 2.74 141140

148 140 53,340 2 74 16 440 11440 8 000 2 74

0 00 15 Jun 545 344 33.25 571,935 207 737 2 53 212270

212270 63 879 203 120807

120,107 45 916 2 83

ODD

0 00 18 Jul 111 387 13542 133 302 44.510 2 88 574 340

574,340 214,319 2 el 274 387

274 397 102 393 2 68

0 00

0 00 17 Alm 35 488 185 42 147 13,491 2 64 315 363

315 MO 120.5ee 2 82 131 528

131.521 502114 2 42

0 00

0 CO 18 Say 37.377

37.377 14,331 2.81 321.680

329,11113 125,883 2112 180.948

1811 841 72,114 2 12

0 00

0,00 111 04 38 NO

36,868 14 5811 2 46 10 321

10,329 4 433 2 33 8 777

8,777 3,7117 2 33

0 00

0 00 20 Nov 9 555

8 %5 3.100 2 45 23 082

23,012 1,605 2 SI 10 708

10208 3 995 2 OS

0 CO

0 CO 21 1385 16414

11414 6 630 2 41 127 361

1273118 51 115 2 4 51 817

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0 00

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1 1911044 441 007 2 45 317 508

317105 121.757 2 45

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0 0 0 00 202.219

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0 00

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167 370 83,775 2 CO

0 00

0 00 25 1•r 31 190

31,190 28,000 1 23 823,132

423,132 476,334 1 31 188 801

1481131 128294 1 30 111,350

111350 110,C00 1 32 55.825

55,625 42 300 1 32 26 May 0

0 0 0 00 100,721

100.721 821 SOO 1,43 385292

385210 260274 1 43

0 00

0.00 27 Jun 234,473

234 473 125.154 1 95 712,140

712.940 358 174 1 91 340,770

340 770 171200 1 91

0 00

0 00 28 Ad 314 141

3/4,141 158,581 2 01 1154 324

814 324 411 371 2 17 381 122

388 822 113.959 217

0 00

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384 534 187147 1 94 1 100 089

1 100 NI 571,170 1 12 419 371

419,371 211006 1 92

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45 100 32 000 1 41 1 580 1131

1 580 111 1,011,218 1 55 441,216

441,211 284,184 1 55 8,5311

8 538 7 712 1 10

0 00 31 Ocl 90 718

63.716 47 937 1 SI 1 005 847

1 035147 582749 1 71 158.142

154,152 82 437 1 71

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183 178 56 116 1 70 770 458

770 458 571 ON 1 33 247 724

247 724 1114 113 1 33

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144,355 63 me 1 72 1,022.784

1 022.714 531.592 1 92 525,481

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30011111 174 102 1 73 75,463

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313 SOO 151 740 1 51 124,171

124 670 79 141 1 58

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304,011 385 109 0 77 296,259

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37 TAM RP 3041132 10615 6147010 1,425,142 2 13 15,153235

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SCHEDULE FR-IS 3 PAGE 3 OF 21

/a) e) 11) MO 111 CMTLETON COMMODITIES MERCI480 TRAINNO LP

RIO GRANDE STATION • NEWMAN STATION I MONTANA STATION STORAGE 661 COPPER GAS GAS GAS GAS GAS GAS GAS GAS GAS GAS

GAS TRANSP (A) NM TAx TOTAL GAS GAS GM TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS 8 $ $ $ MMFITU Sr MM ITU 1 S $ MIMETU 5 l 0/STU $ MMITU 1 / FAMBTU $ 6 $ $ MMIBTU $ I MIWITU $ 1 MMITU 1 / MMEITU

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EL PASO ELECTRIC COMPANY 2016 FUEL RECONCIUATION FILING SCHEDULE FIX.111 3 COMPETTDVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


(al

I C80 ENEROY U.0

RIO GRANDE STATION NEWMAN STATION MONTANA STATION STORAGE II COPPER

GAS GAS GAS GAS GAS GAS GAS GAS GAS GAS LINE NO

GAS TRANSP (A) NM TAX TOTAL GAS GAF $ S MP/197U $ /MOTU

GAS TRANSP (A) TOTAL GAS GAS S $ $ MVE1TU $ I MMBTU

GAS TRANSP IA) TOTAL GAS GAS S S S WORM 3 /10.412a,A

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GAS TRANSP (A) TOTAL GAS GAS S S $ till= S I MMITU

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SCHEDULE FR-115 3 PAGE 0 0F21

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR MCTOR MARTINEZ PREPARER ANA ROISSELIER FOR THE RECONCILIATION PER/OD APRIL 20115 THROUGH MARCH 2019

(in (h (k) (11 (n) (o) (b) (01 (d) (11 rn 111 1 fv1 ( 1

1 GONOCOPH11914 COMPANY

R(O GRANDE STATION NEWMAN STATION 1 1 MONTANA STATION STORAGE (D( COPPER

GAS GAS GAS GAS GAS GAS GAS GAS GAS GAS LINE GAS TRANSP 1AI NM TAX TOTAL GAS GAS OAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL GAS GAS NO $ $ 5 MMOTU $ i MMITU $ $ 1 41.11175 1 i WAIITU 3 $ 5 MMITU $ / M9511.1 1 3 $ MMEITU 916113nJ $ $ 1 MMIITU $ / MMITU

RECONC LIAT(ON PERIOD (RP) 1 Aor2016 2 M9

21.461 0

21 481 12.401 1 72 0 0 C.00

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91 COO 52100 1 75 871 713 4114 182 1 71

27,171 29841

27,671 15.130 1 75 29641 130 314 1 78

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3 Jun 222.232

222 232 III 856 250 1 052 293 1.052 293 573.629 1 53 218 052 306 052 210 519 1 13 0

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0 0 00

0 00 10 Jan 2017 8 IGO

8,829 3,09 29 24.397 24,317 7,630 3 12 9 9711 9,875 3.170 3 12 75.908 71991 25.000 3 04

0 00 11 Feb 21,740

21.740 5 000 2.72 20 445 20 445 7 092 2 50 10 840 10 040 1108 2 51 0

0 0 00

0 00 12 M.( 9141 839 10 719 3,577 2.50 12 522 92 422 31958 2 05 MI OM 39 C63 37,39 2 6 0

0 0 00

0 00 13 Aor 438,377 3811 473 1111 180,541 272 I 175 340 1 175 340 442,051 2 85 1 509111 1,91161 931,753 2 68 80773 8077 33 MO 2 83

0 00 14 Moy 13 799 1,164 14,953 4 937 2.10 1145 9/7 1 se 597 622.701 2 64 000,216 800298 302,835 264 11 035 18135 4 MO 2 112

0 00 15 Jun 775.078 65,397 840 473 290 577 287 1,03561 1 035,151 300,874 2 86 588 13t 593131 221 MI5 2 88

0 00

0 00 16 Jul 791512 51 711 748210 216535 2.98 551140 551.040 201067 2 63 243,551 211551 100 248 2 83

0 CO

0 00 17 Aua 258 16 21.781 279.030 91,5133 LW 3 110 753 3,110,753 1 182 335 2 83 1297 286 1297.211 49073 2 C3

0 00

0 00 18 So) 179 139 15 115 194.254 67 337 2.06 116,817 6)1117 230371 216 354,472 354 472 131 102 2 93

0 00

0 00 15 Oci 1,722,027 145.298 1,007 323 795.222 2.44 95 070 848,570 3315,517 2 50 719 497 718 497 MOO 2 50

0 CO

0 CO 20 NM 1 827,462 154.194 1 181 676 741991 244 125 807 125.907 372 333 2 49 429.862 420 192 172,901 2 49

0,00

0 CO 21 D. 18 91

1.596 20 SOO 6 550 2 88 91 220 1181 220 270,309 2 52 277 5110 277 90 110 140 2 52

0 CO

0 00 22 Jon 2018

0 C.00 144,056 144,954 50.523 2 417 38.410 36 410 13.310 2 87

0 00

0 CO 23 Fob

0 C OD 119,834 110,434 67 457 2 31 211.422 WI 422 11.082 2 38

0 CO

0 00 24 Mar

o C CO 1 119 008 1 119 9711 591,137 1 87 OM 333 895 333 432.085 1 87

0 CO

0 00 25 Aor

0 C 97 214 271 214 271 135 052 1 59 125 734 125,734 79 248 1 58

0 00

0 00 23 Mw

0 C 00 112329 182 329 100,745 1 61 9 437 51,437 43,09 1 81

0 00

0 00 27 Jun 42,570

3.90 46.270 24 000 173 1 747 031 1 747 034 903155 1 93 523 518 523 511 275,724 1 90

000 2451184 245,984 123 300 2 00 A 11

0 C 00 556,914 556114 310.546 1 71 22 59 22.59 12100 1 CO

0 00 325,948 321648 142 094 1 76 29 Auc

0 C CO 99180 919 416 411033 2 20 350 523 353523 151310 2 20

0 00

0 CO 30 59

0 0 CO 35.220 35 60 17 747 1 98 9130 9130 4 953 1 98

0 00

0 CO 31 Oct 317 705 21606 344 511 258 114 1 21 653 341 653 381 539113 1 21 43 763 43,753 35.986 1 72

0 00

0 00 32 Nov 874 65 73,701 947 108 53090 1 NI 191,115 191 105 92,034 2 06 81,471 61 471 9,512 2 0111

0 00

0 00 33 Dec 80 746 8 (13 87511 59.907 1 35 37179 37,979 28 640 1 33 19512 19512 14 710 1 33

0 00

0 00 34 Jan 2011 0 0 0 0 C 00 1,138.208 1,138,29 543,641 2 08 284 141 2(491 136,335 2 CO

0 00

0 00 F 35 eb 0 0 0 0 C 03 45 418 48 418 34,111 1 38 18 484 11 484 13 584 1 36

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0 00 38 mar 140,490 11 654 152 343 1215 588 1 11 114 121 114 121 123,704 0 92 15 312 95.312 92 023 1 03 490 4E0 14000 0 27 PS 605 2,050 0 30

37 Total RP 5 574507 0 824817 9 191 323 3 791 011 2.9 22 459 512 0 22,451512 10,122.275 2 22 11509,60 1109230 4,733.212 2 35

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• (41 111 t$

EDF TRADING NORTH AMERICA

RIO GRANDE STATION NEWMAN STATION MONTANA STATION STORAGE 181 1 COPPER

GAS GAS GAS GAS GAS GAS GAS GAS GAS GAS UNE GAS TRANSP (41 NM TAO TOTAL GAS GAS GAS TRANSP (41 TOTAL GAS GAS GAS TRANSP (Al TOTAL GAS GAS GAS TRANSP 141 TOTAL GAS GAS GAS TRANSP (AI TOTAL GAS GAS NO $ MMISTU 2/ MNITU 5 $ S MMITU 3 I 1.0115TU $ MMSTU $ I MMSTU $ $ $ MMIITU $1 MMIIITI1 3 $ $ MMOT S / MMBTU

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, x 0 O 0 0 000 8111164 161.1154 364,452 2 38 053 941 25Z241 110 714 238

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0 00 2 May 773,062 36 619 612 952 324 271 231 324.042 324 0•2 135124 2 31 85 3110 1115 300 35.1106 2,36

0 00

0 00 3 Jun 571.303 29.192 609052 243.020 236 413.276 413,276 173,354 2,38 151,617 151 817 63,501 238

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0 00 4 Jul 0 0 0 0 000 615.053 615,053 341.1544 2 38 387,211 957,21) 154.032 2 34

0 00

0 00 5 AN 570 463 29236 921 419 232,214 231 411.221 419221 175,1141 2 30 192710 112 780 10 864 2 36

0 CO

0 00 a No 1 144 320 56 648 1 202 981 480 000 236

O 0 00

0 00

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0 CO 7 041 419 325 31 743 851 085 259,714 236 275 71

275 71 115801 2 38 267426

267 426 120 565 2 36

0 00

0 00 1 Nov

000

0 03

0 00

0 00

0 OD 4 Ow

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0 CO

0 00

0 00

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0 00

0 00

0 00

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0 00

0.00 12 Mar

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100

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0.00

0 00

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0 00

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0 00

0 00 21 Dec

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0 00

0 00

0 00

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0 00

0 00

0 00

0 00 23 FW

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0 CO

0 00

0 CO

0 00 24 Mat

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0 00

0 00

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0 00

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35 19.111110 1 78 16161 16861 6,540 1 76

0 03

0 00 211 Jul 9 448

4,75 N 237 43 725 114 62031 12 11 43 ON 1,12 31 974 36178 19,251 1 92

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0 OD 21 At 90 52

5.101 104 125 50 111 1.98 454 058 854 068 310,714 2 11 249,327 249,337 111 449 2 11

0 CO

0 00 30 Sao 29 482 1 511 30463 221100 t29 140 715 14071 115,715 1 22 39273 34.273 32 315 1 22

0 00

0 OD 31 041 42,310 2 171 44,531 24.000 1.74 900,935 900 965 808.167 1 29 141,696 141,811 101 436 1 29

0 00

0 00 32 Nov 24 360 1 249 25 630 22218 1 10 14,240 14 210 9,837 1 1111 5235 5235 3,183 145

0 00

ON 33 Dec 4 713 244 5,007 3 NI 1.20 774 635 778 135 520 843 1 49 366016 396.018 287 N7 1 48

0 00

0 00 34 Jan 2011 41330 237 4,887 2000 132 783915 713,915 352902 2 22 35 401 35,628 16 642 2 14 2137407

207 107 92 77 2 24 50,644

50.444 22 696 2 24 35 FW 5E1203 2,963 81,163 30 000 164 18 735 18,735 14 4112 1 26 7 460 7480 5,8315 1 215

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SCHEDULE FR.16 3 PAGE l OF 21

EL PASO ELECTRIC COMPANY 2011 FUEL RECONCIUATION FILING SCHEDULE FR.11 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2010 THROUGH MARCH 2011

nI 111 101 MI 511 to) m 101 e 10 (9)

EL PASO NATURAL GAS COMPANY

RIO GRANDE STATION (C/ 0101 NEWMAN STATION IC) & (DI MONTANA STATION ICI & (51 STORAGE 1811 COPPER fC1 & 031

GAS GAS GAS GAS GAS GAS GAS GAS GAS GA3 LINE

GAS TRANSP (A1 NM TAX TOTAL GAS ME GAS TRANSP (Al TOTAL GAS GAS GAS TRANSP (A) 707AI_ OM GAS GA3 TRANSP IA) TOTAL GAS GAS GAS TRANSP PM TOTAL GAS GAS NO

S $ 5 MMISTU 1 I MMOTU $ $ 6 mmuu SI MMI3TU 5 S MMB7U Si 1.1.137U S 3 1 imam SI wow $ $ S MMIT $_( MI_W

RECONCILIATION P RIOD IR.

1 Apr2010

787 437 787.437 000

124 1011 1241011 0 00

210 726 210.728 0 00

0 00

0 00 2 Mar

230.977 230177 000

1 407 713 1 407 763 0 00

370,1144 370,844 000

0 00

0 00 3 Jun

302 177 302 877 GOO

1 253,306 1203. 305 0 00

451317 451 787 CI 00

0 00

0 00 4 Jul

1 251 548 1,251 503 000

555132 558,132 000

251110 251 110 0 00

0 00

0 00 5 Aup

2411 507 248,507 003

1,212 MO 1 212 461 0 00

557.551 557.558 0 00

0 00

0 00 6 Sap

310,161 310,161 GOO

917.400 117,401 0 00

771351 779.356 0 00

0 CO

0 00 7 Oct

252,556 252.556 000

855.157 655 157 0 00

112 217 802217 0.00

0 00

0 00 1 Nay

234 110 204,100 0.00

1071370 1 073,370 0 00

515,816 515,11111 0 00

0 00

0.00 9 CM

977,058 977 OW 000

431,111 431 ON 0 00

311.357 388 357 0 0)

0 00

0 00 10 Jan2017

441,217 441 217 MO

162 478 162 471 0 03

3/11 WC 311.196 0 00

0 00

0 00 11 Feb

470 150 470,850 000

035 071 165 071 0 00

450.230 450 230 0 W

0 CO

0 W 12 Mar

427106 427,905 000

857 973 657 173 0 00

703 726 703.729 0 00

0 CO

0 03 13 AP

325134 323134 OCO

709,500 708500 0 CO

864 464 164 464 0 CO

0 CO

0 CO 14 Mat

1.227,015 1 ra 015 000

526.552 521,552 0 00

256 we 256 076 0 00

0 00

0 03 15 JIM

1,241,796 t 241 796 000

403,113 496113 0 03

200348 302,341 0 00

0 CO

0 00 16 Jul

I ,253 451 1.253,451 000

526316 520,395 0 CO

251 NCI 251,480 0 CO

0 00

0 00 t7 Algl

1248 475 1.241 475 003

WI 125 548125 0 00

229003 271.003 0 CO

0 00

0 00 18 Sec

331,155 331 155 000

1 071 316 1,071 3111 0 CO

013 720 013,720 0 CO

0 03

0 00 11 Oct

1,212441 1 282 448 OW

401 122 401.122 0 00

340.872 340an 0 co

0 co

0 ao Io Nov

1 161.492 1.1 II 492 OW

420 523 435523 0 00

202,232 202 232 0 00

0 00

0 00 21 Dec

1,0114 307 1014,307 000

527 1143 5277143 0 00

215 075 215,075 0 00

0 03

0 CO 22 Jan 2011

1 3511814 1 356 484 000

751 753 759,753 0 00

201 351 231,351 0 00

0 00

0 00 23 Feb

75 4111 758,466 000

1 327 475 1 327475 0 00

218,077 218,077 0 00

0 CO

0 00 24 Mar

151 151 003

1331407 1,331 407 0 00

965 147 965.147 0 00

0 03

0 00 25 AP,

54.127 54 127 003

1350 303 1550,300 0 00

001 712 101 712 0 00

0 00

0 00 26 Mw

161 050 181058 000

1 671 025 1 871 025 0 00

714.7111 714 781 003

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0 00 27 Jun

564 363 564 313 000

1 311 885 1 311915 0 W

648542 640,542 0 00

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11 l 11 i 0 00 28 Jul

442 297 442.217 000

967 132 967.132 0 OD

432,512 432.512 0 00

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1.447 OS 1 447 015 1303

551.628 551.626 0 W

0 00

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401 750 481 750 000

1616,180 1.818,110 0 00

451 070 451 070 0 00

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521 386 520 381 GOO

1,727.234 1,727 234 0 00

271 648 271,841 0 00

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213625 293105 000

1 455265 1 455216 0 00

487 106 467.101 0 00

0 00

0 00 33 Dec

344.213 344,293 0.20

1,312,454 1.312.454 0 03

174 307 674,307 0 W

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174053 174,053 COO

1 943 NI 1143,811 0 00

412,251 412.201 0.00

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06 417 813 417 (000

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Nreee (A) EPE hl mt. w. El Pa. Nature! Cos Company and 0r0lk WeetTex Trammel. for tensponation of Mrs.. ow amt.. Trenatortetn charm of pirchaeed me re not milt* by Sender Refer 10 pages 8 and 16 of 24 far transpertaban chances by OM 111 Romeo. pra Medea onto or storm (WM TM nobly MUM me 0 burned at Newman Slat. IC) Includes 1170,658 51 out d a b. al 1612 673 27 In Stoned Opoetha Condition (SOC) and CrOcal Operant Condit. ICOC) Penalty CM.. Me A0n1 2015 Grouch December 2017 RefflandIS of The cm. le net shown as It Mo.. of tru *me of Ws fillnp 1131 Ink.. 5132115 outdo 51,635.1717 refund Men by EPNO for Me pedode kW 20.6 Ihrough Man 2018 Refund due to 8 Me adlueenent purulent to Oon. No 520-13 OD.. No RP1013111 Reminder el the refuld t M.o. act Yea oulode of theacope thle Ninp

An101.111ft m.vlOg Ildd CC agIVII03 0111411, winch** due It moan,

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0 CCO 537,330 537.330 212,328 233 247,323 247.323 97 640 2 63

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PAGE 10 OF 21

EL PASO ELECTRIC COMPANY 2011 FUEL REcoNCILIAIION FIUNG SCHEDULE FR-16 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


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MIIMO I

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RIO GRANDE STATION

NEWMAN STATION MONTANA STATION STORAGE (13) COPPER

OAS GAS

CMS GAS GAS GAS

GAS GAS GAS GAS LINE l GAS TRANSP (A) NM TAX TOTAL GAS GAS GAS TRANSP (A) TOTAL OAS GAS GAS TRANSP (A) TOTAL OAS OAS 1 GAS TRANSP (Al TOTAL GAS GAS I GO TRANSP (A) TOTAL GAS GAS NO

l3 3 3 ,3. MMITU $ / MOTU 2 2 $ mut' I i MO $ TU 4 2 M OTU 3 i 10113TU 2 5 5 MIASTU 2 I MMITU $ $ 3 MOTU 3 / M1ABTU

RECONC ATION tRlOD MP

1 Aar

2,280 46214 22,314 1 16 3111101

31111101 211.331 1 IN 111.974 111174 1111,631 1 88 0 0 0 0 03

0 03 2 Mav 721 091 11 331 232.422 122,109 1 80 1 DID 106

1 010 801 551 ON 1 63

3162 71 2•1271 145.154 1 13 0 0 0 0 00

0 00 3 Jun 256 516 13 147 2111 095 104 730 245 408,268

406 265 115 412 2 05 141 046 140,016 71 NO 2 05 23.1381 230111 5,687 2 17

0 00 4 Jul 371180 19,049 360.729 143 $72 2.53 1133%5

1.133195 MB 416 2 53 IN 142 824.142 319 108 2 % 53 175 53.175 20 OCO 2 116

0 00 5 Aua 541.445 27749 569 1115 210 811 257 1,315,042

1.315 (142 56t177 2 % 834 727 004,727 233.081 2 59 19,820 191120 1003 2 48

0 03 a tin 155.124 7260 163,075 57 374 2.70 754 260

754260 212 212 2 71 849 420 841.420 228 438 2 71 0 0 0 00

0 00 7 Od 0 0 0 0 C.00 191 114

191,114 87 1110 2 92 190 233 190.233 70,3t 2 82 21 120 21.120 I COO 2 54

0 00 1 Nov 534 156 25 184 530 519 200,330 2.52 810,921

8113 621 350 180 2 51 423 230 423.230 1611631 2.51

0 0 CO

0 00 3 Da 333.034 17 ON 350,102 97 425 3.42 7E8.019

701019 207,271 3 42 NS 283 138 no 1116155 3 42

0 0 03

0 CO 10 Jan2017 710053 39 976 120 031 2231155 1.41 1 057 726

1 057,726 306,041 3 46 4212212 428.262 123112 3 46 50573

50 573 16500 3 07

0 00 11 Fab 32 231 1 652 33.813 10 414 310 517,277

517277 163.673 3 09 255 238 205238 95 NI 3 00

0 0 CO

0 00 12 Mar 11 584 553 12,157 4415 2 51 115,202

115 202 44 230 2 80 173.213 123 213 47,305 2 60

0 0 00

0 00 13 Art 15.078 4 390 86 438 30 2N 251 233080

233.060 87,542 2 14 317 251 317 251 119 1N 2138

O 0 00

0 00 14 1.1n 381,640 19,918 408,564 150 IN 257 74 $53

74,8113 27.530 2 71 35 301 38 302 13368 2 71

S 0 CO

0 03 15 Jun 37120 1116 81 331 14 079 IN 779,230

779,230 215954 273 443475 443 475 162742 2 73

0 0 OD

0 00 15 Jul 1 032446 52.913 1%15 350 310 848 262 552 di

552838 2121E5 2 110 254 124 264 124 101 511 2 110 113 475 153475 85,003 2 52

0 00 17 Auo 1 010,106 51 765 1.061.574 389032 210 913.743

663 743 327 701 2 64 380 209 310.202 131864 2 84

0 00

0 00 15 Sop 1,303 075 ULM 1.381.857 501951 256 487,230

417 230 110 557 2 50 257140 257,540 103 427 2 51/

0 00

0 00 19 Oct 454,250 23,210 477 530 181695 241 1161,085

661,085 351.024 2 40 731 747 731,747 305 ON 2 40

0 00

0 00 20 Nov 125 258 1420 131,679 46,318 261 137 795

637,755 252.402 2 53 296156 2(6,156 117201 2 53

0 CO

0 00 21 D. 120 115 6.158 126.271 41951 245 1 NB 745

1,198.745 142114 2 37 514 401 914 408 343,413 2 37

0 00

0 00 22 Jan2018 42 929 2200 45.129 12186 2.52 2 820 289

2120 2N 935,122 2 80 894.429 1164 429 241 228 2 80

0 00

000 23 Fob 4 1N 212 4,341 2123 1.15 1 134502

1 104502 814 1116 2 OS 301,372 301.372 148,117 205

0 00

0 03 24 Mar 0 0

0 0 COO 501,705

581.705 321 375 1 SO 426 370 426 370 238.122 1 10

0 00

0 03 25 Am 0 0

0 0 C CO 590.581

500 561 3117,91111 1 10 348552 346 552 215.934 1113

0 00

000 26

G m 0 0

0 0 C 00 418 343

411.343 270 918 1 51 57 361 57351 32.177 1 71

0.00 152,454

152.154 102 407 1 41 27 Jun 12 /82 11111 13.553 5.300 0 05 74 445

74 445 34.343 2.17 35513 35 583 16.415 2 17

0 00

0 00 21 Jul 150,100 11110 117 MO 79 000 ; 02 711985

789,965 436 404 1 76 344 320 344 320 195.177 1 78

0 00

0 00 2/ Auo 58.756 3 060 12122 29913 3 00 737 711

737,711 313531 1 67 83 233 63.233 93936 204 113,410

113,410 62 000 1 13 279,11

271 11 152 520 1 83 30 Soo 15221 3 34 NINO 35,190 1 N 646,534

644534 464 103 1 311 26.719 211719 14,142 1 N

0 03 47 700

47 700 35,N5 1 33 31 Oct

C CO 1114

1 514 6541 1 02 1218 1,386 1.3511 1 02

0 W

0 00 32 Nov

C 00 41311.671

KO 671 274 174 1 40 1 314 1,314 1217 1 CS

0 00 4441

44 41 2981 1 50 33 Doc

C 00 6.082

1,012 2 973 2 05 3 125 3 125 1.527 2.05

0 00

0 00 34 Jan2019 35 Feb

C 00 C 00

0 82 837

0 112,637

0 34,626

0 00 1 81

0 24 943

0 24 943

0 13 7N

0 00 1 11

0 CO 0 CO

0 00 0 CO

31 Mar

C CO 0

0 0 0 00 0 0 0 0 00

0 00

003

37 TotaIRP 1.152528 0 417117 15713343 3.135100 2 60 24.4582118 0 24151218 10,653,221 2 30 10,572,072 0 10572,072 4,323355 2 44 444,720 0 444,720 180 67 2 N 524061 0 524011 321402 1 61

Nona (A) EPE has contract Mr El Paw Natural Gm Camparb Ana Onrak WRIT* Tnnaralron for transpoltatIon ot Intonate on purchnn TraropoRnon charms of madmen an an n0 manno bv kandor %Mx to NM 8 oral 18 0124 kr banscalatIon chum1 bv plant PM Ronson* on hand Into our Nampo WINN 1114 mink of Its na Co burnd at Namur, &non

Amounts num not add or 8trao to other achoduln duo b loundkv

011 (11 m) 104 00

584

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR.163 COMPETMVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA SOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2014 THROUGH MARCH 2019

SCHEDULE FR.16 3 PAGE 16 OF 21

a

SHELL ENERGY NORTH AMERICA

RIO GRANDE STATION

NEWMAN STATION

MONTANA STATION ' ' STORAGE IS) COPPER

GAS GAS

GAS GAS

GAS GAS OAS GAS GAs GAS LINE GAS TRANSP (A) NM TAX TOTAL OAS OAS GAS TRANSP (A) TOTAL OAS QeS GAS TRANSP (A) TOTAL GAS OAS GAS TRANSP (A) TOTAL GAS GAS GAS TRANSP (A) TOTAL OAS GAS NO 5 5 $ $ MMSTU 6 / MMOTU S $ $ MMITU Sr MMSTU $ 6 MMSTU 6 / MMSTU $ $ $ MAISTU $ / MMITIJ 6 $ $ MMISTU $ / MMSTU

RECONC LIATION PERIOD (RP)

1 Arsr20111 0

0 0 000 5,0E6

5 005 2615 1 74 1,539 1,539 685 1 74

0 CO

0 00 2 May 0

0 0 000 0

0 0 0 00 0 0 0 0 00

0 00

0 00 3 JuNI 55,170

51170 21 003 263 7 243

7 243 3 853 1 96 2.657 2057 1,342 1 08

0 CO

0 00 4 Jul 19 220

18 323 1100 206 45 449

45,440 17 235 264 20,4711 20,471 7 785 2 84

CIDO

0 00 5 Auo 0

0 0 000 11,806

11906 4 aso 2 71 1694 sem 3 150 2 76

0 W

0 00 9 Sao 0

0 0 1100 15,013

15,013 5 410 2 7/1 12 737 12 737 4 580 2 76

0 00

0 00 7 Oct 0

0 0 500 4242

4242 2 446 2 55 6 500 6.504 2 552 2 55

0 00

0 00 $ Nov 17,115

17 665 8.500 2 OS 9 982

9 082 3,377 205 4,798 4.766 1 823 2 95

0 00

000 9 Dec 0

0 0 102 40578

40.576 11 747 3 45 36500 36 SOO 10 MO 3 45

0 00

0 00 10 Ja52017 27110

27,010 IOW 311 10 507

10 507 3 248 3 23 4,254 4,254 1,315 3 24

0 00

0 00 11 Feb 26 113

26 113 9 927 264 106.562

101 502 41104 2 50 55.402 55,450 21,393 250 6,020

6 BOO 4002 2.20

0,00 12 Mar 30 461

31.401 14,909 2 93 weir

811.1187 34,429 2 56 64153 94153 30 923 2 50

0 00

0 00 13 Aor 627111

62 719 23,071 243 134 510

134610 50,320 2 67 163242 113.242 03,510 267

0 00

0 CO 14 May 0

0 COO 263.802

233 802 100.247 2 63 131,213 126,293 413,753 2 53

0 00

0 00 15 Jun 34 473

33 473 14 423 267 104.311

104.311 41 5103 2 51 51305 56 385 23 677 2 51

0 00

ODO 15 Jul

C CO 246.535

249536 DI 513 2 51 117 795 117,706 45 155 2 61

000

0 00 17 AutO

C.00 36.020

33,020 14 678 2 59 15 158 15150 4 121 2 56

0 00

0 00 16 Sao

C 00 I 410

5,490 3 179 267 4 OM 4,856 1 621 2 57

0 00

0 00 19 001

C.00 20,435

20.435 a Ice 2 52 17,305 17,315 SW 2 52

0 00

0 CO 20 NOV

C 00 25.437

25 437 10.448 2 43 11111 11 911 4,852 243

0 00

0 00 21 Dec

C 00 31.9111

31 906 13242 2 42 13 039 13 036 5,3111 2 42

0 CO

0 00 22 Jan 2016

C.00 122.651

122,056 43 794 2 OD 32,507 32507 11024 260

000

0 00 23 Feb

CCIO 3 350

3.350 1.7111 1 95 550 550 282 1 115

0 00

0 CO 24 Mar

C.00 1.3116

1.316 755 1 a 1 007 1 567 544 i 85

0 00

0 00 25 Aor

C 00 100.935

150,935 96 359 1 76 1111 714 se ve 54 542 I 74

0 CO

0 00 29 Maw

C.00 340119

380,119 203 411 1 74 151043 154043 14 294 1 74

OLO

0 CO 27 AIII 245.905

245105 130 100 1 80 924 079

924 071 497.620 1 I9 441 NO 441110 233,167 1 89

0 00

0 00 211 Jul 555.334

555 334 305.148 102 1.599258

1511256 642,001 1 90 715 153 715 153 376 580 114

0.00

0 00 21 AL0 763.3711

743,376 421 190 tea 1232054

1 232.054 640,505 1 93 450076 406.1179 2471101 I 90

0 00

0 00 30 Sop 239.417

232 417 144.315 5 es 811 710

WO 710 min 1 43 251,109 251 109 175603 1 43

0 00

0 00 31 Oct 301.766

301 785 224 902 1 34 776 435

774435 442722 1 76 122127 122427 19829 1 711

0 00

0 00 32 Noy 137.245

137,245 79 404 1 72 en 11:15

106 905 562 017 1 02 226.504 299 604 167,135 1 90

0 CO

0 00 33 Dac 21 141

21,141 15 645 1,35 9711174

VI 974 561 577 1 511 450,540 450 501 281525 1 55

0 OD

0 00 34 Jan 2019 0

0 0 C.00 419,997

416 097 1951170 2 14 105 X13 105 323 41123 2 14

0.00

MOO 35 Feb 30 444

30 444 15,700 1 54 420.235

42/235 327 041 1 31 170,921 170.9211 130 231 1 31

0 00

0 00 34 Mar 11 173)

(1 173) li 700 IC 141 74 495

78415 130 045 0 5I 01N7 86187 114 597 0 54

0 00

0.00

37 Total RP 2,529369 0 0 2,580,319 1,452594 1 79 10051 030 0 10,051,030 5,106,488 l 77 4 100717 0 4 110717 2,3421.13.... 1 71 111100 0 91300 4000 2 20 0 0 0 0 0.2gy

Nolo (A) EPE has a contract E Paw Natural Gm Compare and Oneok WeraTaa Trauma/on for tranwortabon of Inlarstate oas purchase* Traneoottatko Huron of purchased flas am net available by vendor Ref/ to nom I and 111o6 24 for transoortabon charms by MO (5) Reomeals oaa Inletod Into our storage WNW Tha rnalorty of (111 am burnml at N•Alltill Station (C) Namara /meta show In March 2019 mongol wn ourchasod at neoatlw oncIns

Amounts maynoladdor some 0 cew schedu1s duet° mandato

01 (m) (n) ( o) 1 00 (t) (1) (w CA

585

EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16 3 COMPETITIVE SPOT FOSSIL FUEL PURCHASES SPONSOR VICTOR MARTINEZ PREPARER ANA ROISSELIER FOR THE RECONCILIATION PERIOD APRIL 20111 THROUGH MARCH 2011


le/ 101 01/ 10) (le 01 (0 00 01 lnl 101 101 (11 00 11) lol lol 1*1 0) 18) (.1

RIO GRANDE STATION NEWMAN STATION TaXAS OAS SERVICE

l MONTANA STATION STORAGE 111 COPPER

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GAS GAS GA3 GAS l GAS GAS GAS GAS

GAS GAS GAS GASH LINE GAS TRANSP (A1 NM TAX TOTAL GAS GAS GAS TRANSP (A1 TOTAL GAS GAS GAS TRANSP (AI TOTAL GAS GAS GAS TRANSP (AI TOTAL GAS GAS GAS TRANSP (A) TOTAL

NO 1 $ $ INVIOTU St W A5TU AW S S S ITIJ S I MOM $ NU S $ RTU 6 I MNISITU $ S S 111.111TU S 1 /MOTU $ S $ MMEITU S / MOTU 1.

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11: 1ATION PERIOD (RP)

C 03

0 00

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82

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SCHEDULE FR-16 3

PAGE 20 OF 21

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EL PASO ELECTRIC COMPANY 2019 FUEL RECONCILIATION FILING SCHEDULE FR-16.4 OTHER SPOT FOSSIL FUEL PURCHASES SPONSOR: VICTOR MARTINEZ PREPARER: DAVID HOLGUIN JR. FOR RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019


This schedule is not applicable to El Paso Electric Company ("EPE"). Competitive bidding was the only method used by EPE to acquire spot fossil fuel supplies.

589

590

RP)

37 Total RP

COAL

TONS

SCHEDULE FR-17.1

PAGE 1 OF 1

(e) (5 (g) (11)

OTHER HANDUNG COSTS

TX RECLAMADON CHARGES (R)

NM RECLAMATION HANDUNG CHARGES (NR) COSTS (NR)

RESIDUAL WASTE (NR)

(1) 568 17,271

11,887 1,218,664

34,912 1,039,492 67,221 170,901

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114,588 2,446,327 i 21 35 l 2,024267 l 15,149 i 9,552 l 284,628

UNE NO

RECONCIUATION PERIOD

1 Apr 2016

2 Mey (2)

3 Jun 4 Jul (2) 5 Aug

6 Sep 7 Oct

• Nov

9 Dec

10 Jen 2017

11 Feb 12 Mar

13 Apr

14 Mey

15 Jun

16 Jul 17 Aug

18 Sep 19 Oct 20 Nov

21 Dec

22 Jan 2018

23 Feb

24 Ma-

25 Apr 26 May 27 Jun

28 Jii

29 Aug 30 Sep

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2019 FUEL RECONCILIATION FILING SCHEDULE FR-17 1 COAL COST BREAKDOWN

SPONSOR: MELODY BOISSELIERNICTOR MARTINEZ

PREPARER ANA R BOISSELIER FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

(a) (b) (z) (d)

COAL

$

COAL

$ f TON

de c/b

(3)

30 41 69,275 28,383 21,986 88,972

102 52 69,275 28,383 12,728 1031126

29 77 69,275 28,313 (30,281) 81,712

2 54 69,275 a 5,119 8,050 000 69,275 o o (6,006)

0 00 69,275 o 0 8,002

0.00 66275 o a o

0 00 69,275 o o o

0.00 69275 o 0 o

0 00 69,275 o o o

0.00 69,275 0 o o

0.00 69,275 o 0 o

000 69,275 0 o o opo 69,275 o o o

0 00 (101,493) o o o

0 00 55,044 o o o

0 00 55,044 o o 0

0 00 55,044 o o o

0.00 55,044 0 o o

0 00 55,044 o o 0 0.00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 0 o o

0.00 55,044 o o o

0.00 55,044 0 o o

0 00 55,044 o o o 0.00 55,044 o o o

0 00 55,044 0 o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 55,044 o o o

0 00 551144 o a o

Notes

(R) Reconcieble (eligible) fuel cost (NR) NonReconcileble (non-eligible) fuel coet

(1) Fuel handing costs related to operabon snd maintenance, demi:Anon and amortization, ad valorem taxes, ond odmmietrabve and general are not availeble EPE is not protected this detail on invoices from the plent operstor Anzona Public Service Compony

(2) Includes $859,319 and ($27,680) for Four Corners Mewnum Take or Pay coal expenee n May 2016 and July 2016, respectively For further ewlanabon

see workpapers to Schedule FR-15

(3) Monthly amounts represent coanectomabon costs punnet to Texas Docket No 38361 of 569275 per month trough June 2016 Effective m July 2016, pursuant to the settlement m Tens Docket 46308, EPE wee authonzed to collect monthly mme closing costs el the amount of $55,044 A true up nes recorded in June 2017 for the period of July 2016 through May2017

Amounts mey not add or be to otherschedulee due to 101.111d1111).

EL PASO ELECTRIC COMPANY SCHEDULE FR-17.2 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-17.2: LIGNITE COST BREAKDOWN SPONSOR: VICTOR MARTINEZ PREPARER: MACIE SUBIA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

This schedule is not applicable to El Paso Electric Company ("EPE"). EPE does not use lignite as a fuel source.

591

EL PASO ELECTRIC COMPANY SCHEDULE FR-17.3 2019 FUEL RECONCILIATION FILING PAGE 1 OF 3 SCHEDULE FR-17.3: COAL COST DESCRIPTION SPONSORS: VICTOR MARTINEZ PREPARER: JESUS GONZALEZ/BARRY GRAY FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

FUEL — GENERAL

El Paso Electric Company ("EPE") sold its ownership interest in Four Corners on July 6, 2016. During the Reconciliation Period, by virtue of a co-tenancy agreement EPE owned an undivided 7% interest in Units 4 and 5 at the Four Corners Power Plant ("Four Corners") near Farmington in northwestern New Mexico. EPE's ownership interest equated to 108 MW. Arizona Public Service Company ("APS") is the operating agent. All costs under the fuel components listed below relate to EPE's coal fuel price for the two Four Corners units.

The station uses low-cost sub-bituminous mine-mouth coal supplied from the adjacent Navajo Coal Mine operated by Navajo Transitional Energy Company ("NTEC"). EPE was a party to the original fuel supply agreement entered into by the Four Corners Units 4 and 5 Participants and Utah Construction and Mining Company in 1966.

In early 2010, APS and the other Participants negotiated a new coal agreement that reduced prices by increasing the incremental price percentage of the fuel supply mix, with other concessions obtained from the supplier, over the remaining term of the agreement ending July 2016. The price paid under the new fuel contract is a base price that combined contract and incremental pricing and is adjusted to reflect changes in mining costs such as labor costs, materials and equipment, etc. plus royalties and taxes. Annual adjustments to these components are based on various escalations for selected commodities specified in the new Four Corners agreement. Because the 2010 contract combined incremental and contract coal prices into a single price with a higher incremental price percentage of the fuel mix, a forecast to actual comparison can be made to estimate savings. Schedule FR-20 presents a discussion of the coal savings estimate over the Reconciliation Period. The voluminous and confidential Schedule FR-7 and WP present the coal agreement summaries and the actual coal agreements in place during the period, respectively.

The contracted coal fuel price is a base cost per MMBtu that is adjusted to reflect changes in selected mining cost components plus royalties and taxes.

As per the 2010 Four Corners Coal Agreement, the following are the selected components used to adjust the base price by Bureau of Labor Statistics (BLS) and Bureau of Economic Analysis (BEA) indices:

Private Average Hourly Earnings of Production Workers; Annually; 21.00% Total Benefits, Private Industry, Union Workers SA; Annually; 19.00% Crude petroleum (domestic production); Monthly; 3.00% Petroleum products, refined; Monthly; 13.00% Explosives; Monthly; 5.00% Gross Domestic Product/Implicit Price Deflator-Used to reflect Mining Services; Quarterly; 6.00% Finished steel mill products, incl. fabricated wire; Monthly; 7.00% Hardware; Monthly; 4.00% Miscellaneous metal products; Monthly; 3.00% Industrial Electrical Power; Monthly; 5.00% Construction machinery and equipment; Monthly; 9.00%

592


Fixed annual escalation; Annual; 5.00%

APS, as operating agent for the Four Corners Participants, administers the contract under the oversight of EPE and the other Participants. EPE exercised its oversight function through its participation in the Four Corners Coordinating Committee and the Engineering and Operating Committee, which oversee Units 4 and 5 operations, and the Four Corners Audit Committee which performs annual audits to assure adherence to contract provisions. In addition, EPE's Power Marketing and Fuels Department personnel were involved in overseeing Four Corners' coal contract administration and negotiations and maintained continuous contact with fuels personnel at APS.

In December 2010, APS and BHP Navajo Coal Company ("BNCC"), subsequently Navajo Mine Coal Company, LLC ("NMCC"), began discussions to develop a new coal supply agreement that would allow Units 4 and 5 of Four Corners to continue to operate beyond July 6, 2016, when the coal supply contract then in effect was due to expire. On October 16, 2012, BHP abruptly informed APS that it would be exiting the Four Corners mining operations on July 6, 2016 (the end of the term of the Former Coal Supply Agreement) and that it was commencing negotiations with the Navajo Nation to sell 100 percent of the shares of BNCC by way of a stock sale agreement. In December 2013, the new Navajo Entity, NTEC, essentially assumed the role of BNCC and became the sole coal supplier to Four Corners under two proposed agreements: one with a term through July 6, 2016, and the second with a term commencing on July 7, 2016, and ending on July 6, 2031 (unless extended).

EPE signed the FC 2010 Amended and Restated Coal Supply Agreement by end of year 2013, however elected to not sign the new fuel agreement for 2016 and beyond.

FUEL — TRANSPORTATION

This component relates to costs involved in transporting coal to the plant site. The Four Corners station is considered a "mine-mouth" plant since the mine supplying the coal is adjacent to the plant. The fuel source point of origin is therefore considered FOB at the power plant with no "transportation" costs associated with the coal supply. These mine-mouth fuel deliveries are coordinated by APS working in conjunction with BHP the coal supplier.

FUEL — HANDLING

The coal-handling component Involves costs associated with the handling of coal once it is delivered to the plant site. Since the Four Comers station is considered "mine-mouth", movement of coal fuel is minimal once delivered. Any movement that does occur is coordinated by APS.

FUEL — OTHER

This component relates to costs associated with the removal and disposal of fuel combustion residuals from the two Four Corners units. The residual waste consists primarily of coal ash and scrubber sludge. As the operating agent, APS coordinates removal and disposal of waste materials.

593


FUEL — TAXES

Prior to 2014, BHP owned and operated the mine. The Participant Owners paid all of the taxes below, in addition to the Navajo Nation Royalties. When NTEC, a company owned by the Navajo Nation purchased the coal mine at Four Corners from BHP, the owners shifted from paying these taxes and instead elected to have the following taxes moved to the Stock Purchase Component (SPC) starting with Invoices for January 2014 (which includes 12/30-12/31/2013). This action did not result in any change in base price. It shifted the tax liability from the owners to NTEC, keeping the respective groups whole.

Taxes moved from Owners to NTEC:

i. New Mexico State Taxes a. New Mexico State Gross Receipts Tax b. New Mexico State Severance Tax c. New Mexico State Conservation Tax d. New Mexico State Resource Excise tax e. New Mexico State Property Tax

ii. Federal Taxes: a. Federal Black Lung Tax b. Federal Reclamation Act Tax

iii. Navajo Nation Taxes: a. Navajo Nation Business Activity Tax (BAT) b. Navajo Nation Possessory Interest Tax (PIT)

594

EL PASO ELECTRIC COMPANY SCHEDULE FR-18 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-18: COAL AND LIGNITE SUPPLIER LOCATIONS SPONSOR: VICTOR MARTINEZ PREPARER: MACIE SUBIA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

Navajo Transitional Energy Corporation is the current mine owner and operator of the Four Corners Power Plant mine.

i) Corporate Address: Navajo Transitional Energy Company, LLC

P.O. Box 1749 Window Rock, Arizona 86515

Mine Address: Navajo Transitional Energy Company, LLC 8325 Old Aztec Highway Flora Vista, New Mexico 87415

Origin of Coal: San Juan County, New Mexico Bureau of Mines, District No. 18

Note: EPE does not utilize lignite.

595

EL PASO ELECTRIC COMPANY SCHEDULE FR-19.1 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-19.1: RAIL HAUL DISTANCE SPONSOR: VICTOR MARTINEZ PREPARER: MACIE SUBIA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

El Paso Electric Company does not own, lease, operate nor contract for rail cars for hauling coal or lignite. Four Corners Power Plant is located adjacent to the coal mine and therefore considered a mine mouth operation.

596

EL PASO ELECTRIC COMPANY SCHEDULE FR-19.2 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-19.2: UNIT TRAINS SPONSOR: VICTOR MARTINEZ PREPARER: MACIE SUBIA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

This schedule is not applicable. Please refer to Schedule FR-19.1.

597

EL PASO ELECTRIC COMPANY SCHEDULE FR-19.3 2019 FUEL RECONCILIATION FILING PAGE 1 OF 1 SCHEDULE FR-19.3: CYCLE TIME SPONSOR: VICTOR MARTINEZ PREPARER: MACIE SUBIA FOR THE RECONCILIATION PERIOD APRIL 2016 THROUGH MARCH 2019

This schedule is not applicable. Please refer to Schedule FR-19.1.

598

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