Its energy sources consist of nuclear fuel, natural gas, purchased power, solar and wind turbines.
[2] Today, El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 400,000 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.
[9] On July 29, 2020, El Paso Electric was sold to Infrastructure Investments Fund (IIF) with 99.61% of shareholders who voted approving the deal.
[5] All thirteen El Paso Electric Board Members received payouts and stock share awards ranging from $800,000 to over $8.8 million.
Some local leaders voiced opposition to the acquisition, citing concerns of unregulated rate increases to consumers.
[3] As part of the agreement, El Paso Electric touted a one time $21 million credit for El Paso customers and a $8.7 million credit for New Mexico customers, resulting in an average monthly bill decrease of $0.88 to $1.37.
[13] The design phase will begin in early summer of this year, shortly followed by construction and final completion of the project tentatively scheduled for the end of 2014.
In total, 5 percent of EPE's dedicated generation, which includes long-term purchase power agreements, will come from solar energy.
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.