El Paso Electric

El Paso Electric Establishes $20 Million Economic Development Fund in Southern New Mexico to Drive Regional Growth and Economic Vibrancy in our Community

Retrieved on: 
Thursday, February 4, 2021
Professional services, Philanthropy, Utilities, Other Philanthropy, Energy, Finance, the El Paso Electric New Mexico Economic Development Fund Advisors, El Paso Electric, the Community Foundation of Southern New Mexico

El Paso Electric (EPE) and the Infrastructure Investments Fund (IIF) are delivering on its commitments to benefit its customers in Southern New Mexico through a newly established El Paso Electric New Mexico Economic Development Fund (Economic Development Fund) and providing $1 million per year for 20 years.

Key Points: 
  • El Paso Electric (EPE) and the Infrastructure Investments Fund (IIF) are delivering on its commitments to benefit its customers in Southern New Mexico through a newly established El Paso Electric New Mexico Economic Development Fund (Economic Development Fund) and providing $1 million per year for 20 years.
  • The Economic Development Fund will be administered by the Community Foundation of Southern New Mexico and governed by three independent board of advisors.
  • The Economic Development Fund will provide grants to eligible projects focused on economic-based job creation and support businesses and projects that will make a measurable difference in achieving economic growth and development in Southern New Mexico.
  • About the El Paso Electric New Mexico Economic Development Fund Advisors:
    The advisors to the Economic Development Fund will have staggered four-year terms and will host two public meetings per year to receive and consider economic development program proposals.

El Paso Electric Files the Transportation Electrification Plan with the NMPRC

Retrieved on: 
Friday, January 8, 2021
Automotive, Other Energy, Environment, Utilities, Energy, Alternative Vehicles, Fuels, El Paso Electric, El Paso, Texas, Renewable energy policy, Electric vehicle conversion, Electric vehicles, Draft:Beneficial Electrification, Energy

El Paso Electric (EPE) looks to continue its drive toward a greener and more sustainable future as the Company files its Transportation Electrification Plan (TEP) with the New Mexico Public Regulation Commission (NMPRC) for approval.

Key Points: 
  • El Paso Electric (EPE) looks to continue its drive toward a greener and more sustainable future as the Company files its Transportation Electrification Plan (TEP) with the New Mexico Public Regulation Commission (NMPRC) for approval.
  • A Customer Outreach Program to improve familiarity and awareness of EVs, and the benefits of transportation electrification.
  • Our plan will allow us to provide new incentives and benefits that will help support the electrification transportation evolution that is occurring for the benefit of both our customers and a cleaner environment.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 441,200 retail and wholesale customers in a 10,000-square mile area of the Rio Grande valley in west Texas and southern New Mexico.

El Paso Electric Releases 2019 Corporate Sustainability Report

Retrieved on: 
Wednesday, August 19, 2020
Energy, Other Energy, Utilities, Environment, Articles, Environmentalism, Sustainability, El Paso Electric, Renewable energy, Corporate sustainability

El Paso Electric (EPE) today released its 2019 Corporate Sustainability Report, an annual publication that captures the Companys recent energy and environmental accomplishments.

Key Points: 
  • El Paso Electric (EPE) today released its 2019 Corporate Sustainability Report, an annual publication that captures the Companys recent energy and environmental accomplishments.
  • As part of an ongoing effort to track, measure and report sustainability metrics, the report provides the community insight into EPEs sustainability performance and carbon reduction goals.
  • View the full release here: https://www.businesswire.com/news/home/20200819005745/en/
    El Paso Electric releases its 2019 Corporate Sustainability Report.
  • We began 2019 by implementing plans to expand our renewable energy portfolio, which is outlined in our 2019 Sustainability Report along with other highlights.

El Paso Electric Announces Closing of Acquisition by the Infrastructure Investments Fund

Retrieved on: 
Wednesday, July 29, 2020
Energy, Other Energy, Utilities, Rio Grande, El Paso Electric, El Paso, Texas, Las Cruces, New Mexico, El Paso Community College, University of Texas at El Paso, Texas, Cities in the United States, Kelly Tomblin, El Paso Electric, the Infrastructure Investments Fund

El Paso Electric Company (EPE) (NYSE:EE) announced today that its acquisition by the Infrastructure Investments Fund (IIF) has closed.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE:EE) announced today that its acquisition by the Infrastructure Investments Fund (IIF) has closed.
  • EPE will develop entry-level job training programs in the engineering, management, and finance areas at The University of Texas El Paso (UTEP), New Mexico State University (NMSU) and El Paso Community College (EPCC).
  • I and the entire incoming EPE Board are excited to support El Paso Electric, its employees, customers and communities through this next phase of growth and success.
  • He is CEO of Bravo Chevrolet Cadillac in Las Cruces, New Mexico and Bravo Cadillac in El Paso, Texas.

El Paso Electric Declares Stub Period Dividend

Retrieved on: 
Tuesday, July 28, 2020
Utilities, Energy, Corporate finance, Financial economics, Finance, Equity securities, New York Stock Exchange, El Paso Electric, Dividend, EE Limited, Common stock

With the closing of the IIF acquisition, shares of EE common stock will cease to be traded on the NYSE.

Key Points: 
  • With the closing of the IIF acquisition, shares of EE common stock will cease to be traded on the NYSE.
  • The stub period dividend is payable to the holders of record of EE common stock as of the close of business on the last day that EE common stock is traded on the NYSE, which is expected to be July 29, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 436,200 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
  • This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

El Paso Electric and the Infrastructure Investments Fund Announce Receipt of Final Regulatory Approval and Anticipated Closing Date

Retrieved on: 
Monday, July 27, 2020
Energy, Other Energy, Utilities, Environmental impact assessment, Federal Energy Regulatory Commission, EPE, El Paso Electric, Government, Energy, El Paso Electric, The Infrastructure Investments Fund

El Paso Electric Company (EPE) (NYSE:EE) and the Infrastructure Investments Fund (IIF) today announced that the Federal Energy Regulatory Commission (FERC) issued its final order approving the parties transaction.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE:EE) and the Infrastructure Investments Fund (IIF) today announced that the Federal Energy Regulatory Commission (FERC) issued its final order approving the parties transaction.
  • The FERC order marks the final regulatory approval needed to complete the transaction.
  • We are excited for the tremendous opportunity this creates for EPE and our local, sustainable, clean energy future.
  • The transaction is expected to close on July 29, 2020, subject to the satisfaction of conditions to closing.

El Paso Electric Customers Set a New Peak Demand for Electricity During Heat Advisory

Retrieved on: 
Tuesday, July 21, 2020
Other Consumer, Consumer, Utilities, Women, Energy, MEN, Energy, Electric power distribution, Articles, El Paso Electric, Peak demand, Epe, North Rhine-Westphalia, Epes, El Paso, Texas, Electric power

On Monday, July 13, 2020, El Paso Electric Company (EPE) (NYSE: EE) customers set a new peak demand for electricity of approximately 2,173 megawatts (MW), 9.5% or 188 MW higher than the peak established in 2019.

Key Points: 
  • On Monday, July 13, 2020, El Paso Electric Company (EPE) (NYSE: EE) customers set a new peak demand for electricity of approximately 2,173 megawatts (MW), 9.5% or 188 MW higher than the peak established in 2019.
  • This is the highest level of energy demand growth on record and it also surpasses EPEs 2020 peak demand forecast and reaches peak demand levels that were expected in 2026.
  • The El Paso region was under a 7-day heat advisory issued by the National Weather Service office in Santa Teresa, New Mexico and customers set new peak demand records nine times during that same period.
  • A new annual peak has been set by EPE customers in 19 of the last 21 years.

El Paso Electric Announces Payment of Quarterly Dividend of $0.41

Retrieved on: 
Wednesday, July 1, 2020
Utilities, Energy, Companies, Economy of the United States, Deutsche Telekom, BT Group, EE Limited, Orange S.A., El Paso Electric, El Paso, Texas, General Electric, New York Stock Exchange, Dividend

El Paso Electric Company (NYSE:EE) announced that it paid a full regular cash dividend of $0.41 per share of EE common stock on June 30, 2020 to shareholders of record as of the close of business on June 16, 2020.

Key Points: 
  • El Paso Electric Company (NYSE:EE) announced that it paid a full regular cash dividend of $0.41 per share of EE common stock on June 30, 2020 to shareholders of record as of the close of business on June 16, 2020.
  • EE had previously announced that the amount of the dividend depended on the closing date of EEs previously announced acquisition by the Infrastructure Investments Fund (IIF).
  • As previously announced, EE and IIF have extended the end date for the transaction to September 1, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 435,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.

El Paso Electric Declares Dividend

Retrieved on: 
Saturday, June 6, 2020
Utilities, Energy, Dividends, Corporate finance, Shareholders, El Paso Electric, El Paso, Texas, EE Limited, Companies, Financial economics

Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a cash dividend on shares of EE common stock.

Key Points: 
  • Today, the Board of Directors of El Paso Electric Company (NYSE:EE) declared a cash dividend on shares of EE common stock.
  • If the IIF acquisition occurs after June 16, 2020, EE will pay a regular quarterly cash dividend of $0.41 per share.
  • If the IIF acquisition occurs after June 16, the regular quarterly cash dividend will be payable on June 30, 2020, in accordance with EEs regular dividend schedule, to shareholders of record as of the close of business on June 16, 2020.
  • El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 435,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.

El Paso Electric and the Infrastructure Investments Fund Agree to Extend Termination Date for Proposed Acquisition

Retrieved on: 
Monday, June 1, 2020
Utilities, Energy, Environmental impact assessment, Federal Energy Regulatory Commission, Government, El Paso Electric, the Infrastructure Investments Fund

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that they have mutually agreed to extend the termination date for the transaction under the terms of the previously announced Agreement and Plan of Merger to September 1, 2020.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that they have mutually agreed to extend the termination date for the transaction under the terms of the previously announced Agreement and Plan of Merger to September 1, 2020.
  • As previously announced, the proposed acquisition is pending final approval from the Federal Energy Regulatory Commission (FERC).
  • On April 15, 2020, EPE and IIF filed proposed mitigation options with the FERC as requested by the FERC in its March 30, 2020 order conditionally approving the proposed acquisition.
  • The FERCs approval of the parties mitigation plan is the last regulatory approval needed to close the proposed acquisition.