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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.
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El Paso residential customers would see a significantly lower electric rate increase under a settlement approved by the City Council.
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]
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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
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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.
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