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Published on 3/10/2009 in the Prospect News Special Situations Daily.

El Paso Electric investor buys 130,820 shares

By Lisa Kerner

Charlotte, N.C., March 10 - Gamco Asset Management Inc. reported a 6.69% interest in El Paso Electric Co. following a series of buy and sell transactions between Jan. 14 and March 9.

The investor purchased a net 130,820 shares priced from $11.94 to $18.00 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

Between Oct. 1 and Dec. 1, Gamco bought 161,800 shares of El Paso Electric and reported a 6.33% stake, a prior SEC filing said.

Gamco and its affiliates beneficially own 3,002,000 shares of the El Paso-based utility company.


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