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El Paso Electric Company

Company Summary

Description

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 400,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. Its service territory extends from Hatch, New Mexico to Van Horn, Texas and includes two connections to Juarez, Mexico and the Comisión Federal de Electricidad (CFE), Mexico’s national utility. EPE’s principal industrial and large customers include steel production, copper and oil refining, and United States military installations including the United States Army at Fort Bliss in Texas and the White Sands Missile Range and Holloman Air Force Base in New Mexico. EPE has a net dependable generating capability of 1,990 MW. It’s facilities include a 15.8 percent interest in the Palo Verde Nuclear Generating Station in Wintersburg, Arizona, the Rio Grande Power Station in Sunland Park, New Mexico, the Newman Power Station, Copper Power Station and Montana Power Staton in El Paso.

Website

https://www.epelectric.com

Financial Data:

NYSE:EE from Google Finance

Tickers:

  • EE - New York Stock Exchange

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Recent news

Company Transactions

Date: 6/30/2020
Type: Acquisition

NOTES:
J.P. Morgan's Infrastructure Investments Fund acquired El Paso Electric for $2.78 billion in an all-cash deal.