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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.
As of 2023, Birmingham has two Fortune 500 public companies: Regions Financial Corporation and Vulcan Materials Company. [1] Multiple other Birmingham companies rank in the top 1000. Private companies with revenue over one billion
Alabama Power is an investor-owned, tax-paying utility, and the second largest subsidiary of Southern Company. More than 84,000 miles (135,000 km) of power lines carry electricity to customers throughout a service territory of 44,500 square miles (115,000 km 2 ).
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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 ...
Alabama National BanCorporation: Financials Banks Birmingham: 1986 Defunct 2008 P D Alabama Power: Utilities Conventional electricity Birmingham: 1906 P A Alagasco: Utilities Gas distribution Birmingham: 1852 Defunct 2017, now part of Spire Inc: P D American Cast Iron Pipe Company: Industrials Industrial suppliers Birmingham: 1905 Pipes and ...
El Paso Electric is partnering with the county to contribute an additional $3.75 million to the effort, which Martinez said could come in cash or through partnerships with utility vendors.
El Paso had debts of $25 billion and was being sued by shareholders and investigated by state and federal regulators. [2] On June 26 2003, El Paso agreed to pay $1.45 billion to settle the price gouging case. [3] In October 2011, Kinder Morgan acquired El Paso Corp. in a $21.1 billion deal. [4]