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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.
PNM and El Paso Electric Co. in southern New Mexico paid customers for each kilowatt hour of electricity they produced from their solar systems. These payments help customers and businesses offset the costs of installing their solar systems. [5] In addition to the payments, those companies offer net metering.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
El Paso Electric customers will help pay for the new generator with monthly bill surcharges. Texas residential customers in February began paying an average $2.50 per month surcharge.
El Paso Electric had electric sales of $1.24 billion and a profit of $113.3 million in 2022, the latest financial data available.The company is owned by the JP Morgan Chase-tied Infrastructure ...
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This is a list of electricity-generating power stations in the U.S. state of New Mexico, sorted by type and name.In 2022, New Mexico had a total summer capacity of 10,230 MW through all of its power plants, and a net generation of 40,889 GWh. [2]