Last $37.35 USD
Change Today -0.08 / -0.21%
Volume 253.7K
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Company Description

Contact Info

Stanton Tower

100 North Stanton

El Paso, TX 79901

United States

Phone: 915-543-5711

Fax:

El Paso Electric company operates as a public utility company. The company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The company also serves a full requirements wholesale customer in Texas. The company owns or has significant ownership interests in several electrical generating facilities providing it with a net dependable generating capability of approximately 1,852 MW. Its generation portfolio exhibits lower carbon intensity than any other utility in the southwestern United States. As of December 31, 2013, the company has power purchase agreements for 107 MW from solar photovoltaic generation facilities. The company serves approximately 394,000 residential, commercial, industrial, public authority and wholesale customers. It distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico. In addition, the company’s wholesale sales include sales for resale to other electric utilities and power marketers. Principal industrial, public authority and other large retail customers of the company include United States military installations, including Fort Bliss in Texas and White Sands Missile Range and Holloman Air Force Base in New Mexico, an oil refinery, two large universities, medical centers and a steel production facility. Palo Verde Station The company owns an interest, along with six other utilities, in the three nuclear generating units and common facilities (Common Facilities) at Palo Verde. Arizona Public Service Company (APS) serves as operating agent for Palo Verde, and under the ANPP Participation Agreement, the company has limited ability to influence operations and costs at Palo Verde. Fossil-Fueled Plants The Newman Power Station consists of three steam-electric generating units and two combined cycle generating units. The station operates primarily on natural gas but the conventional steam-electric generating units can also operate on fuel oil. The company's Rio Grande Power Station consists of three steam-electric generating units and one aeroderivative unit which operate on natural gas. The company owns a 7% interest in Units 4 and 5 at Four Corners Generating Station (Four Corners). Wind and Solar Photovoltaic Facilities The company’s Hueco Mountain Wind Ranch consists of two wind turbines with a total capacity of 1.32 MW. The company also owns six solar photovoltaic facilities with a total capacity of 0.2 MW. Regulations The rates and services of the company are regulated by incorporated municipalities in Texas, the Public Utility Commission of Texas, the New Mexico Public Regulation Commission, and the Federal Energy Regulatory Commission. History El Paso Electric Company was founded in 1901. The company was incorporated in Texas in 1901.

 

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