El Paso Electric is no longer a publicly traded electric utility. It’s now owned by the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, which on June 1, 2019, agreed to buy the 117-year-old electric utility for $4.3 billion, including assuming $1.5 billion of the utility’s debt.
Is El Paso Electric privately owned?
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.
El Paso Electric.
Does El Paso get electricity from Mexico?
El Paso Electric is part of the Western power grid overseen by the Western Electricity Coordinating Council. It covers 14 Western states; Northern Baja, Mexico; and two Canadian provinces. … About half its power comes from the Palo Verde plant, of which EPE is a part owner.
Is El Paso part of the Texas electric grid?
El Paso is also not part of the Texas electric grid that failed in much of the rest of the state. It’s part of the Western Interconnection, so it wasn’t affected when ERCOT initiated blackouts across the state.
Is El Paso Electric a monopoly?
Unlike most other Texas utilities, El Paso Electric operates as a monopoly, so its 420,000 customers in West Texas and New Mexico don’t have the opportunity to choose among competing providers.
Why does El Paso have power?
El Paso’s power comes from the Western Interconnection – a power grid that stretches all the way up into western Canada. … The same storm hit Juarez, but because the city relies on natural gas from Texas for its power – which Texas stopped delivering because of the storm – that city has faced its own blackouts.
Why is El Paso Not a Texas power grid?
In February of 2011, El Paso as well as other parts of Texas were hit with an arctic blast that devastated our communities. In El Paso, several days of temperatures of near zero degrees resulted in a collapse of our power grid.
Does El Paso still have power?
El Paso still has power
Despite Texas losing its power, El Paso hasn’t been affected. Mostly because El Paso Electric is not part of the Texas power grid.
Why didnt El Paso lose power?
Because of the vast distance that separates El Paso from Texas’s other major population centers, and because its customer base includes parts of southern New Mexico, the power supply of the city’s public utility isn’t linked to the grid overseen by the Electric Reliability Council of Texas, which manages about 90 …
Is El Paso part of ercot?
El Paso, the westernmost city in the state is not part of ERCOT, the Electric Reliability Council of Texas, which manages 90 percent of the flow of electric power to customers in Texas. … “EPE is not part of the ERCOT system,” the notice says.
Does El Paso have power and water?
El Paso also has access to the Montana Power Station, built on the east side of town after the hard freeze in 2011 that left the city without power and water. … “But the biggest thing, in my mind, is we built another power plant. It’s difficult to retrofit something that is 50 or 60 years old.
How much does electricity cost in El Paso?
Residential Electricity in El Paso
The average residential electricity rate in El Paso is 11.11¢/kWh. This average (residential) electricity rate in El Paso is 1.18% greater than the Texas average rate of 10.98¢/kWh.
Is Texas still without power?
Texas’ power grid is stabilizing, but more than 300,000 remain without electricity. Many people in the state still do not have power, and millions have had their water service disrupted. … In addition, millions of people across the state have had their water service disrupted because of the massive winter storm.
Why Texas has its own power grid?
An aversion to federal regulation was one of the main reasons that Texas energy companies opted for a power grid that didn’t cross state lines. Texas has resisted regulation in major court cases.
Which city in Texas did not lose power?
El Paso County is one place to experience minimal power outages, despite getting battered by the historic winter storm. HOUSTON — Some parts of Texas that were battered by the winter storm of 2021 had relatively few homes lose power.