Is El Paso Electric Public or private?

El Paso Electric is no longer a publicly traded electric utility. It’s now owned by the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, which on June 1, 2019, agreed to buy the 117-year-old electric utility for $4.3 billion, including assuming $1.5 billion of the utility’s debt.

Is El Paso Electric privately owned?

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.

El Paso Electric.

Type Private company
Website www.epelectric.com

Is El Paso part of the Texas electric grid?

El Paso was and still is served by the Western Interconnection power grid, and working with our partners in that grid, El Paso Electric Company upgraded and winterized its equipment so that such a catastrophe would not happen again. Our Panhandle communities faced the same storm in 2011 and learned the same lessons.

Is El Paso Electric in ercot?

El Paso, the westernmost city in the state is not part of ERCOT, the Electric Reliability Council of Texas, which manages 90 percent of the flow of electric power to customers in Texas.

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Is El Paso Electric for sale?

El Paso Electric is no longer a publicly traded electric utility. It’s now owned by the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, which on June 1, 2019, agreed to buy the 117-year-old electric utility for $4.3 billion, including assuming $1.5 billion of the utility’s debt.

Is El Paso Electric a monopoly?

Unlike most other Texas utilities, El Paso Electric operates as a monopoly, so its 420,000 customers in West Texas and New Mexico don’t have the opportunity to choose among competing providers.

Why does El Paso have power?

El Paso’s power comes from the Western Interconnection – a power grid that stretches all the way up into western Canada. … The same storm hit Juarez, but because the city relies on natural gas from Texas for its power – which Texas stopped delivering because of the storm – that city has faced its own blackouts.

Does El Paso use wind energy?

El Paso is gaining only one megawatt of power from wind energy. That is because the city only has two wind turbines right now. The National Weather Service told CBS4 the reason why our winds are so strong is because of our high altitude and the mountains around us. “The city is built on a mountain range.

Is El Paso Texas having power outages?

Currently, there are no reported outages.

Is Texas still without power?

Texas’ power grid is stabilizing, but more than 300,000 remain without electricity. Many people in the state still do not have power, and millions have had their water service disrupted. … In addition, millions of people across the state have had their water service disrupted because of the massive winter storm.

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Which city in Texas did not lose power?

El Paso County is one place to experience minimal power outages, despite getting battered by the historic winter storm. HOUSTON — Some parts of Texas that were battered by the winter storm of 2021 had relatively few homes lose power.

Energy sources