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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.
Net metering refers to the interconnection of a renewable energy system to the power grid. It allows consumers who have their own renewable generation power systems to connect to the power grid with an electric meter that spins both forwards and backwards, depending on whether the consumer is adding energy to the grid or using energy from the grid.
Originally, units 4 and 5 were owned by Southern California Edison Company (48%), APS (15%), Public Service Company of New Mexico (13%), Salt River Project (10%), Tucson Electric Power (7%), and El Paso Electric Company (7%). In 2013 Southern California Edison sold its 48% share to APS (and APS then immediately shut down units 1–3), and ...
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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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
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]