SCHEDULE II

                                      INFORMATION WITH RESPECT TO
                           TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                           SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                             SHARES PURCHASED        AVERAGE
                                  DATE            SOLD(-)             PRICE(2)

           COMMON STOCK-EL PASO ELEC CO

                    GAMCO INVESTORS, INC.
                                12/14/01              500            13.6000
                                12/14/01            2,000            13.5000
                                12/14/01           76,400            13.8106
                                12/10/01            6,000            13.6017
                                12/07/01           50,000            13.8750
                                12/07/01            3,400            13.9000
                                12/06/01           16,600            13.8802
                                12/05/01           17,300            13.9855
                                12/05/01            3,000            13.7600
                                12/05/01            2,000            13.8000
                                12/05/01            2,000            13.7500
                                12/04/01           17,500            13.8300
                                12/04/01           20,000            13.7975
                                11/27/01           30,000            13.9750
                                11/23/01            5,000            13.8000
                                11/19/01            9,000            13.9500
                                11/19/01            1,900            14.0000
                                11/16/01            3,100            13.9761
                                11/15/01           17,500            13.9904
                                11/15/01           10,000            14.0200
                                11/13/01           50,000            14.1092
                                11/12/01            1,200            13.8100
                                11/12/01              900            13.8100
                                11/02/01            5,000-           13.5560
                                10/30/01           10,000            13.4664
                                10/26/01            2,000              CXLDO
                                10/25/01              500            14.0580
                                10/25/01            1,000            13.8100
                                10/25/01            1,300            13.8100
                                10/25/01              300            13.8433
                                10/25/01            1,000-           13.8600
                                10/25/01              500-           13.8600
                                10/25/01            1,000-           13.8220
                                10/25/01              300-           13.8433
                                10/25/01              500            13.8100
                                10/25/01              500            14.2162
                                10/25/01            8,300            13.8100
                                10/25/01              500            13.8100
                                10/25/01            1,500            13.8000
                                10/25/01              500-           13.8600






                                           SCHEDULE II

                                      INFORMATION WITH RESPECT TO
                           TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                           SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                             SHARES PURCHASED        AVERAGE
                                 DATE            SOLD(-)             PRICE(2)

           COMMON STOCK-EL PASO ELEC CO

                    GAMCO INVESTORS, INC.
                                10/25/01              500            14.2162
                                10/25/01            1,300-           13.8600
                                10/24/01            6,000            14.0513
                                10/24/01            1,000            13.9000
                                10/24/01            1,000            14.3073
                                10/24/01            1,000-           13.9500
                                10/24/01            1,000            13.9000
                                10/24/01            6,700            13.9000
                                10/24/01              500            13.9000
                                10/24/01            3,000-           14.4000
                                10/24/01            2,000-           13.9500
                                10/24/01              500            13.9000
                                10/24/01            2,000-           13.8545
                                10/24/01              500            14.3073
                                10/24/01              500-           13.9500
                                10/24/01              500            14.3073
                                10/24/01              500            13.9000
                                10/23/01           15,000            14.5500
                                10/23/01              500            15.0968
                                10/23/01           14,000            14.6792
                                10/23/01            1,000            15.0968
                                10/23/01            1,000-           14.6792
                                10/23/01              500            15.0968
                                10/23/01              500            14.9340
                                10/23/01            1,500            14.5100
                                10/23/01              500-           14.6792
                                10/23/01              500            15.0968
                                10/23/01           10,000            14.7500
                                10/22/01           10,000-           14.5580
                                10/19/01            5,000-           14.3392
                                10/18/01           10,000-           14.2350
                                10/16/01              500            14.7000
                     GABELLI FUNDS, LLC.
                         GABELLI SMALL CAP GROWTH FUND
                                10/23/01           25,000            14.7620
                         GABELLI ASSET FUND
                                12/05/01           31,700            13.8862


          (1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
              ON THE NYSE.

          (2) PRICE EXCLUDES COMMISSION.