El Paso Electric
 |
|
| Public company | |
| Traded as | : EE S&P 600 Component |
| Industry | Electric utilities |
| Founded | 1901 |
| Headquarters |
Stanton Tower El Paso, Texas, United States |
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Area served
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Texas, New Mexico |
|
Key people
|
Mary E. Kipp, CEO |
| Revenue |
 USD 917.35 Million (2014) |
|
USD 126.65 Million (2014) |
|
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Number of employees
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1,000 |
| Website | www |
El Paso Electric (: EE) is 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, coal, purchased power, solar and wind turbines. The company owns 6 electrical generating facilities with a net dependable generating capability of approximately 2,010 megawatts. It serves approximately 400,000 residential, commercial, industrial, public authority, and wholesale customers.
The company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico; and resells electricity to electric utilities and power marketers. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.
The company is headquartered at the Stanton Tower in Downtown El Paso. The company's Chief Executive Officer is Ms. Mary E. Kipp.
El Paso Electric (EPE) first began serving its customers on August 30, 1901. It was then known as the El Paso Electric Railway Company. Initially its primary business consisted of providing transportation via mule-drawn streetcars, which were replaced in 1902 with electric streetcars. By 1925, the Company’s core business had evolved to producing and distributing electricity. That year, the company changed its name to the El Paso Electric Company. It was also granted authorization to transact business in New Mexico.
Today, El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 400,000 retail and wholesale customers in a 10,000-square-mile (26,000 km2) area of the Rio Grande valley in west Texas and southern New Mexico. Its service territory extends from Hatch, New Mexico to Van Horn, Texas.
El Paso Electric transmission system voltages are 115,000 volts and 345,000 volts. There are also two 115 kV interconnections with Mexico to the south.
El Paso Electric ownership in power plants include a 15.8 percent interest in the Palo Verde Nuclear Generating Station in Wintersburg, Arizona, a 7 percent interest in the Four Corners Generating Station in northwestern New Mexico, the Rio Grande Power Station in Sunland Park, New Mexico, the Newman Power Station, the Copper Power Station and the Montana Power Station in El Paso and the Hueco Mountain Wind Ranch in Hudspeth County, Texas.
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Wikipedia