Exhibit 15
November 17, 2004
El Paso Electric Company
El Paso, Texas
| Re: | Registration Statement Nos. 333-17971 and 333-82129 |
With respect to the subject registration statements, we acknowledge our awareness of the use therein of our report dated April 27, 2004, except for Note G, which is as of November 8, 2004, related to our review of interim financial information.
As discussed in Note G, the Company has restated the condensed consolidated balance sheet as of March 31, 2004, and the related condensed consolidated statements of operations and comprehensive operations for the three-month and twelve-month periods ended March 31, 2004 and 2003, and the related condensed consolidated statements of cash flows for the three-month periods ended March 31, 2004 and 2003.
Pursuant to Rule 436 under the Securities Act of 1933 (the Act), such report is not considered part of a registration statement prepared or certified by an accountant, or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of the Act.
KPMG LLP
El Paso, Texas
