 | |
| Company type | Private company |
|---|---|
| Industry | Electric utilities |
| Founded | 1901 |
| Headquarters | , |
Area served | Texas, New Mexico |
Key people | Kelly Tomblin, CEO |
| Revenue |  US$861.99 million (2019) |
 US$123.03 million (2019) | |
Number of employees | 1,100 |
| Website | www |
El Paso Electric is a Texas-based public utility company, engaging in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, purchased power, solar and wind turbines. The company owns six electrical generating facilities with a net dependable generating capability of approximately 2,010 megawatts.[1] It serves approximately 437,000 residential, commercial, industrial, public authority, and wholesale customers.[2]
The company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico; and resells electricity to electric utilities and power marketers. Unlike most other Texas utilities, El Paso Electric operates as a monopoly.[3]
In 2020, El Paso Electric was sold to the Infrastructure Investments Fund (IIF), a fund associated with investment bank, J.P. Morgan.[4][5] Previously, the company was publicly traded on the New York Stock Exchange as EE.
El Paso Electric Company was founded in 1901 and is headquartered at the Stanton Tower in Downtown El Paso.
- ^ "About El Paso Electric -". El Paso Electric. Retrieved 2015-06-25.
- ^ "About El Paso Electric". El Paso Electric. Archived from the original on 2019-12-14. Retrieved 2013-06-26.
- ^ "El Paso Electric Sale Released". www.epelectric.com. 2020-08-19. Retrieved 2021-07-16.
- ^ "El Paso Electric Announces Closing of Acquisition by the Infrastructure Investments Fund". 2020-07-29. Archived from the original on 2020-08-07.
- ^ Kolenc, Vic (2020-07-29). "El Paso Electric's $4.3B sale to JPMorgan-tied fund completed; new CEO named". El Paso Times.