El Paso Electric Company operates as a public utility company. The company engages 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 primary ownership interests in various electrical generating facilities providing it with a net dependable generating capability of approximately 2,055 megawatt (MW). As of December 31, 2015, the company had power purchase agreements for 107 MW from solar photovoltaic generation facilities. The company serves approximately 404,500 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 major retail customers of the company include the 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, various medical centers, two major universities, and a steel production facility. Palo Verde The company owns an interest, along with six other utilities, in the three nuclear generating units and common facilities at Palo Verde. Arizona Public Service Company serves as operating agent for Palo Verde, and under the Arizona Nuclear Power Project 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 conventional steam-electric generating units and two combined cycle generating units. The station operates primarily on natural gas but the conventional steam-electric generating units could also operate on fuel oil. The company's Rio Grande Power Station consists of three conventional steam-electric generating units and one aeroderivative unit that operate on natural gas. The company's Montana Power Station consists of two aeroderivative generating units, which operate on natural gas. The company's Copper Power Station consists of a natural gas combustion turbine used primarily to meet peak demand. The company owns a 7% interest in Units 4 and 5 at Four Corners Generating Station (Four Corners). Four Corners is a coal-fired generating facility that is located on land under easements from the federal government and a lease from the Navajo Nation that expires in July 2016. 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 primary ownership interests in, four 345 kilovolt transmission lines in New Mexico and Arizona and three 500 kilovolt lines in Arizona. These lines enable the company to deliver its energy entitlements from its remote generation sources at Palo Verde and Four Corners to its service area (pursuant to various transmission and power exchange agreements to which the company is a party). The company also 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. Pursuant to standards established by the North American Electric Reliability Corporation and the Western Electricity Coordinating Council, the company operates its transmission system in a way that allows it to maintain system integrity in the event that any one of these transmission lines is out of service. Regulation 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. The Federal Energy Regulatory Commission has jurisdiction over the company's wholesale (sales for resale) transactions, transmission service and compliance with federally-mandated reliability standards. History El Paso Electric Company was founded in 1901. The company was incorporated in Texas in 1901.
el paso electric co (EE:New York)
100 North Stanton
El Paso, TX 79901
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for EE.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact EL PASO ELECTRIC CO, please visit www.epelectric.com. Company data is provided by Capital IQ. Please use this form to report any data issues.