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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.
PNM and El Paso Electric Co. in southern New Mexico paid customers for each kilowatt hour of electricity they produced from their solar systems. These payments help customers and businesses offset the costs of installing their solar systems. [5] In addition to the payments, those companies offer net metering.
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
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.
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Most people pay their bills monthly. But what if there was a better option that could save money? Well, some service providers and insurance companies offer billpayers the chance to make up-front...
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]
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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