El Paso Electric: Difference between revisions
Updated section. |
m Cleaned up references. |
||
| Line 1: | Line 1: | ||
{{Refimprove|date=August 2009}} |
|||
{{Infobox company |
{{Infobox company |
||
| name = El Paso Electric |
| name = El Paso Electric |
||
| Line 14: | Line 13: | ||
| operating_income = |
| operating_income = |
||
| net_income = |
| net_income = |
||
| num_employees = 1,000<ref>http://www.epelectric.com/about-el-paso-electric/faqs</ref> |
| num_employees = 1,000<ref>{{cite web|url=http://www.epelectric.com/about-el-paso-electric/faqs |title=About El Paso Electric - |publisher=El Paso Electric |date= |accessdate=2013-06-26}}</ref> |
||
| parent = |
| parent = |
||
| divisions = |
| divisions = |
||
| Line 21: | Line 20: | ||
}} |
}} |
||
'''El Paso Electric''' ({{NYSE|EE}}) is an Electric utility that provides electricity to western [[Texas]] and southern [[New Mexico]]. Its service area covers an area from [[Van Horn, Texas]] in the east and goes west to [[Luna, New Mexico]] and from the [[United States–Mexico border]] north to [[Holloman Air Force Base]]. As of 2013 it provides electric service to approximately 384,000 customers in this region.<ref>http://www.epelectric.com/</ref> |
'''El Paso Electric''' ({{NYSE|EE}}) is an Electric utility that provides electricity to western [[Texas]] and southern [[New Mexico]]. Its service area covers an area from [[Van Horn, Texas]] in the east and goes west to [[Luna, New Mexico]] and from the [[United States–Mexico border]] north to [[Holloman Air Force Base]]. As of 2013 it provides electric service to approximately 384,000 customers in this region.<ref>{{cite web|url=http://www.epelectric.com/about-el-paso-electric |title=About El Paso Electric - |publisher=El Paso Electric |date= |accessdate=2013-06-26}}</ref> |
||
==History== |
==History== |
||
El Paso Electric (EPE) first began serving its customers on August 30, 1901. It was then known as the El Paso Electric Railway Company. Initially its primary business consisted of providing transportation via mule-drawn streetcars, which were replaced in 1902 with electric streetcars. By 1925, the Company’s core business had evolved to producing and distributing electricity. That year, the company changed its name to the El Paso Electric Company. It was also granted authorization to transact business in New Mexico.<ref>http://www.epelectric.com/about-el-paso-electric</ref> |
El Paso Electric (EPE) first began serving its customers on August 30, 1901. It was then known as the El Paso Electric Railway Company. Initially its primary business consisted of providing transportation via mule-drawn streetcars, which were replaced in 1902 with electric streetcars. By 1925, the Company’s core business had evolved to producing and distributing electricity. That year, the company changed its name to the El Paso Electric Company. It was also granted authorization to transact business in New Mexico.<ref>{{cite web|url=http://www.epelectric.com/about-el-paso-electric |title=About El Paso Electric - |publisher=El Paso Electric |date= |accessdate=2013-06-26}}</ref> |
||
Today, El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 384,000 retail and wholesale customers in a {{convert|10000|sqmi|km2|adj=on}} area of the Rio Grande valley in west Texas and southern New Mexico. Its service territory extends from [[Hatch, New Mexico]] to [[Van Horn, Texas]]. |
Today, El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 384,000 retail and wholesale customers in a {{convert|10000|sqmi|km2|adj=on}} area of the Rio Grande valley in west Texas and southern New Mexico. Its service territory extends from [[Hatch, New Mexico]] to [[Van Horn, Texas]]. |
||
Revision as of 00:14, 26 August 2013
| File:El Paso Electric Company Logo.jpeg | |
| Company type | Public company |
|---|---|
| NYSE: EE | |
| Industry | Electric utilities |
| Founded | 1901 |
| Headquarters | , |
Area served | Texas, New Mexico |
Key people | Michael K. Parks, Chairman |
Number of employees | 1,000[1] |
| Website | www |
El Paso Electric (NYSE: EE) is an Electric utility that provides electricity to western Texas and southern New Mexico. Its service area covers an area from Van Horn, Texas in the east and goes west to Luna, New Mexico and from the United States–Mexico border north to Holloman Air Force Base. As of 2013 it provides electric service to approximately 384,000 customers in this region.[2]
History
El Paso Electric (EPE) first began serving its customers on August 30, 1901. It was then known as the El Paso Electric Railway Company. Initially its primary business consisted of providing transportation via mule-drawn streetcars, which were replaced in 1902 with electric streetcars. By 1925, the Company’s core business had evolved to producing and distributing electricity. That year, the company changed its name to the El Paso Electric Company. It was also granted authorization to transact business in New Mexico.[3]
Today, El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 384,000 retail and wholesale customers in a 10,000-square-mile (26,000 km2) area of the Rio Grande valley in west Texas and southern New Mexico. Its service territory extends from Hatch, New Mexico to Van Horn, Texas.
Transmission system
El Paso Electric transmission system voltages are 115,000 volts and 345,000 volts. There are also two 230 KV interconnections with Mexico to the south.
Generating plants
El Paso Electric ownership in power plants include a 15.8 percent interest in the Palo Verde Nuclear Generating Station in Wintersburg, Arizona, a 7 percent interest in the Four Corners Generating Station in northwestern New Mexico, the Rio Grande Power Station in Sunland Park, New Mexico, the Newman Power Station and the Copper Power Station in El Paso and the Hueco Mountain Wind Ranch in Hudspeth County, Texas.
Lawsuits
In January, 2003, a complaint was filed against EI Paso Electric alleging that the company issued materially false and misleading information by misrepresenting and/or omitting adverse facts concerning illegal arrangements with Enron Corporation and by artificially inflating revenues.[4]A settlement of $10,000,000 was reached in 2005.
References
- ^ "About El Paso Electric -". El Paso Electric. Retrieved 2013-06-26.
- ^ "About El Paso Electric -". El Paso Electric. Retrieved 2013-06-26.
- ^ "About El Paso Electric -". El Paso Electric. Retrieved 2013-06-26.
- ^ "Class Action Lawsuit Against El Paso Electric".