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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.
In New Mexico, customers who have systems that produce up to 80 MW of electricity are able to sign up for net metering. This is the highest power rating eligible for net metering in the United States. [2] The three main utilities in New Mexico are PNM, Xcel Energy and El Paso Electric. [2]
Rank Entity State Class of ownership Parent Number of customers Sales (MWh) Revenue ($1,000 ) Average retail price/kWh) 1: Pacific Gas & Electric: CA: Investor owned
The largest power generator at El Paso Electric’s largest power plant is finally online. The $211 million generator began operating at the end of December, producing enough electricity to supply ...
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 ...