UNS Energy Board of Directors Declares Quarterly Dividend

TUCSON, Ariz.--()--The Board of Directors of UNS Energy Corporation (NYSE:UNS) declared a fourth quarter dividend of 43.5 cents per share.

The dividend will be paid on December 27, 2013, to common shareholders of record as of December 16, 2013.

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 412,000 customers in southern Arizona, and UniSource Energy Services (UES), provider of natural gas and electric service for approximately 242,000 customers in northern and southern Arizona.

For more information about UNS Energy and its subsidiaries, visit uns.com.

This release contains forward-looking information that involves risks and uncertainties, including, but not limited to: 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 the company’s pension and other postretirement 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; changes to long-term contracts; the cost of fuel and power supplies; performance of TEP's generating plants; and other factors listed in UNS Energy's Form 10-K and 10-Q filings with the Securities and Exchange Commission. The preceding factors may cause future results to differ materially from outcomes currently expected by UNS Energy.

Contacts

UNS Energy Corporation
Media:
Joseph Barrios, 520-884-3725
or
Financial Analysts:
Chris Norman, 520-884-3649

Release Summary

The Board of Directors of UNS Energy Corporation (NYSE: UNS) declared a fourth quarter dividend of 43.5 cents per share to be paid Dec. 27, 2013 to common shareholders of record as of Dec. 16, 2013.

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Contacts

UNS Energy Corporation
Media:
Joseph Barrios, 520-884-3725
or
Financial Analysts:
Chris Norman, 520-884-3649