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Last $40.80 USD
Change Today -0.42 / -1.02%
Volume 138.4K
EE On Other Exchanges
New York
As of 12:40 PM 02/10/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Stanton Tower

100 North Stanton

El Paso, TX 79901

United States

Phone: 915-543-5711


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 1,879 MW (megawatt). As of December 31, 2014, the company has power purchase agreements for 107 MW from solar photovoltaic generation facilities. 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. Transmission and Distribution Lines and Agreements The company owns or has significant ownership interests in four 345 kV (kilovolts) transmission lines in New Mexico, three 500 kV lines in Arizona, and owns the transmission and distribution network within its New Mexico and Texas retail service area and operates these facilities under franchise agreements with various municipalities. The company is also a party to various transmission and power exchange agreements that, together with its owned transmission lines, enable the company to deliver its energy entitlements from its remote generation sources at Palo Verde and Four Corners to its service area. Customers The company serves approximately 399,000 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. 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, several medical centers, two universities and a steel production facility. 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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