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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.
El Paso moved 230 employees to Algeria for the project. Liquified gas deliveries commenced in 1978 and made a significant contribution to El Paso's bottom line. Although El Paso's liquified gas venture represented an important success during the 1970s, its non-gas-related operations were generally less fruitful.
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 ...
El Paso Electric employees, company board members, and others pose for a large group photo Feb. 29 in front of the building housing the new, 228-megawatt generator at the Newman power plant in far ...
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The Electric Reliability Council of Texas, Inc. (ERCOT) is an American organization that operates Texas's electrical grid, the Texas Interconnection, [3] [4] which supplies power to more than 25 million Texas customers and represents 90 percent of the state's electric load. [5] ERCOT is the first independent system operator (ISO) in the United ...
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