El Paso Electric
El Paso Electric is a 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, purchased power, solar and wind turbines. The company owns six electrical generating facilities with a net dependable generating capability of approximately 2,010 megawatts. It serves approximately 437,000 residential, commercial, industrial, public authority, and wholesale customers.
| Company type | Private company |
|---|---|
| Industry | Electric utilities |
| Founded | 1901 |
| Headquarters | Stanton Tower , El Paso, Texas United States |
Area served | Texas, New Mexico |
Key people | Kelly Tomblin, CEO |
| Revenue | US$861.99 million (2019) |
Net income | US$123.03 million (2019) |
Number of employees | 1,100 |
| Website | www |
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. Unlike most other Texas utilities, El Paso Electric operates as a monopoly.
In 2020, El Paso Electric was sold to the Infrastructure Investments Fund (IIF), a fund associated with investment bank, J.P. Morgan. Previously, the company was publicly traded on the New York Stock Exchange as EE.
El Paso Electric Company was founded in 1901 and is headquartered at the Stanton Tower in Downtown El Paso.