IIf

Intellectual Ventures Names Arvin Patel to its Invention Investment Fund as Chief Operating Officer

Retrieved on: 
Thursday, July 9, 2020

IP industry veteran to lead commercialization strategy and execution, business development

Key Points: 
  • IP industry veteran to lead commercialization strategy and execution, business development
    BELLEVUE, Washington, July 9, 2020 /PRNewswire/ --Today, Intellectual Ventures (IV) announced Arvin Patel as the company's Chief Operating Officer for its Invention Investment Fund (IIF).
  • Patel is expected to start in September, reporting to IIF Executive Vice President, Mathen Ganesan.
  • "Arvinis a seasoned and respected thought leader with decades of experience in technology, intellectual property, and public policy," said NathanMyhrvold, Founder and CEO of Intellectual Ventures.
  • Previously, Patelserved as the Executive Vice President and Chief Intellectual Property Officer at TiVo, now anXpericompany.

El Paso Electric License Transfer Approved by U.S. Nuclear Regulatory Commission

Retrieved on: 
Friday, March 6, 2020

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the U.S. Nuclear Regulatory Commission (NRC) approved the joint application for the indirect transfer of control of EPEs ownership interest in the Palo Verde Nuclear Generating Station to IIF as a result of its proposed acquisition of EPE.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the U.S. Nuclear Regulatory Commission (NRC) approved the joint application for the indirect transfer of control of EPEs ownership interest in the Palo Verde Nuclear Generating Station to IIF as a result of its proposed acquisition of EPE.
  • EPE and IIF issued the following statement:
    This approval marks another important milestone in connection with IIFs proposed acquisition of El Paso Electric.
  • As previously announced, the Public Utility Commission of Texas, the City of El Paso, Texas, the Federal Trade Commission, and the Federal Communications Commission have all approved the acquisition.
  • Approvals from the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission are still pending.

El Paso Electric and the Infrastructure Investments Fund Reach Agreement in Principle with Texas Public Utility Commission Staff and Most Intervenors in Connection with Proposed Transaction

Retrieved on: 
Thursday, November 21, 2019

El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that they have reached an agreement in principle with the Public Utility Commission of Texas (PUCT) staff and most intervenors regarding IIFs proposed acquisition of EPE.

Key Points: 
  • El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that they have reached an agreement in principle with the Public Utility Commission of Texas (PUCT) staff and most intervenors regarding IIFs proposed acquisition of EPE.
  • EPE and IIF issued the following statement:
    We appreciate the constructive dialogue we have had with the PUCT Staff and intervenors.
  • We look forward to submitting the settlement agreement for review and approval to the PUCT.
  • Such statements include those statements regarding regulatory approvals and the expected timing of completion of the proposed transaction.

El Paso Electric Enters into Agreement to Be Purchased by the Infrastructure Investments Fund, an Investment Vehicle Advised by J.P. Morgan Investment Management Inc.

Retrieved on: 
Monday, June 3, 2019

This is a tremendous opportunity to scale and prepare the Company for a clean energy future that is local and sustainable.

Key Points: 
  • This is a tremendous opportunity to scale and prepare the Company for a clean energy future that is local and sustainable.
  • EPE will continue as an independently-operated, regulated utility while remaining headquartered in El Paso, Texas.
  • Electric Bill Credit for Customers: EPE and IIF have committed to $21 million in credits on customer electric bills over 36 months.
  • IIF will purchase EPE for $68.25 per share in cash representing an enterprise value of approximately $4.3 billion, including EPEs net debt.