The Board of Directors of UNS Energy Corporation (NYSE: UNS) declared a
dividend of 48 cents per share.
The second quarter dividend will be paid on June 26, 2014, to common
shareholders of record as of June 6, 2014.
The declaration of dividend payments is at the board's sole discretion
and is subject to numerous factors that ordinarily affect dividend
policy, including the results of UNS Energy's operations and its
financial position as well as general economic and business conditions.
UNS Energy is a Tucson, Arizona-based company with consolidated assets
of approximately $4 billion. UNS Energy's primary subsidiaries include
Tucson Electric Power (TEP), which serves approximately 414,000
customers in southern Arizona, and UniSource Energy Services (UES),
provider of natural gas and electric service for approximately 243,000
customers in northern and southern Arizona.
For more information about UNS Energy and its subsidiaries, visit uns.com.
Statements included in this news release and any documents
incorporated by reference which are not historical in nature are
intended to be, and are hereby identified as, “forward-looking
statements” for purposes of the safe harbor provided by Section 21E of
the Exchange Act. Forward-looking statements may be identified by words
including “anticipates,” “intends,” “estimates,” “believes,” “projects,”
“expects,” “plans,” “assumes,” “seeks,” and similar expressions.
Forward-looking statements including, without limitation, those relating
to UNS Energy’s and its subsidiaries’ future business prospects,
revenues, proceeds, working capital, investment valuations, liquidity,
income, and margins, as well as the timing and consequences of the
Fortis acquisition, are subject to certain risks and uncertainties that
could cause actual results to differ materially from those indicated in
the forward-looking statements, due to several important factors,
including those identified from time-to-time in the forward-looking
statements. Those factors include, but are not limited to: the
possibility that various conditions precedent to the consummation of the
Fortis transaction will not be satisfied or waived; the ability to
obtain regulatory approvals of the Fortis transaction on the timing and
terms thereof; state and federal regulatory and legislative decisions
and actions; regional economic and market conditions which could affect
customer growth and energy usage; weather variations affecting energy
usage; the cost of debt and equity capital and access to capital
markets; the performance of the stock market and changing interest rate
environment, which affect the value of our pension and other retiree
benefit plan assets and the related contribution requirements and
expense; unexpected increases in O&M expense; resolution of pending
litigation matters; changes in accounting standards; changes in critical
accounting estimates; the ongoing restructuring of the electric
industry; changes to long-term contracts; the cost of fuel and power
supplies; cyber attacks or challenges to our information security; and
the performance of TEP's generating plants; and certain presently
unknown or unforeseen factors, including, but not limited to, acts of
terrorism. UNS Energy and its subsidiaries undertake no obligation to
update publicly any forward-looking statements, whether as a result of
new information, future events, or otherwise. Given these uncertainties,
undue reliance should not be placed on the forward-looking statements.
Copyright Business Wire 2014