Profile: El Paso Electric Co (EE.N)
37.77USD
12:39pm EDT
$-0.36 (-0.94%)
$38.13
$38.07
$38.07
$37.58
5,650
55,052
$39.10
$30.24
El Paso Electric Company, incorporated on August 30, 1901, is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The Company also serves a full requirements wholesale customer in Texas. The Company owns or has ownership interests in six electrical generating facilities providing it with a net dependable generating capability of approximately 1,765 megawatts. During the year ended December 31, 2012, the Company's energy sources consisted of approximately 46% nuclear fuel, 32% natural gas, 6% coal, 16% purchased power and less than 1% generated by wind turbines.
As of December 31, 2012, the Company served approximately 384,000 residential, commercial, industrial, public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico (representing approximately 62% and 12%, respectively, of the Company's retail revenues during 2012). In addition, the Company's wholesale sales include sales for resale to other electric utilities and power marketers. Principal industrial, public authority and other retail customers of the Company include United States military installations, including Fort Bliss in Texas and White Sands Missile Range and Holloman Air Force Base in New Mexico, oil refineries, two universities, steel production and copper refining facilities.
Palo Verde Station
The Company, as of December 31, 2012, held 15.8% interest, or approximately 633 megawatts, in the three nuclear generating units and Common Facilities at Palo Verde, in Wintersburg, Arizona. The Palo Verde Participants include the Company and six other utilities: Arizona Public Service Company (APS), Southern California Edison Company (SCE), Public Service Company of New Mexico (PNM), Southern California Public Power Authority, Salt River Project Agricultural Improvement and Power District (SRP) and the Los Angeles Department of Water and Power. APS serves as operating agent for Palo Verde, and under the Arizona Nuclear Power Project (ANPP) Participation Agreement, the Company has limited ability to influence operations and costs at Palo Verde.
Newman Power Station
The Newman Power Station consists of three steam-electric generating units and two combined cycle generating units. During 2012, the net dependable capability at Newman Power Station was reduced by 20 megawatts to reflect the exclusion of the duct burners for dependable operation on the Newman Unit 4 combined cycle generating unit. The station operates primarily on natural gas but the conventional steam-electric generating units can also operate on fuel oil.
Rio Grande Power Station
The Company's Rio Grande Power Station is located in Sunland Park, New Mexico. It consists of three steam-electric generating units with an aggregate net peak period capability of approximately 229 megawatts. The units operate on natural gas.
Four Corners Station
The Company owns a 7% interest, or approximately 108 megawatts, in Units 4 and 5 at Four Corners, located in northwestern New Mexico. The Company shares power entitlements and certain allocated costs of the two units with APS (the Four Corners operating agent) and the other Four Corners participants.
Copper Power Station
The Company’s Copper Power Station is located in El Paso, Texas. It consists of a combustion turbine used primarily to meet peak demand. The unit operates on natural gas.
Hueco Mountain Wind Ranch
The Company's Hueco Mountain Wind Ranch is located in Hudspeth County, Texas. As of December 31, 2012, it consisted of two wind turbines with a total capacity of 1.32 megawatts of which a portion, 10%, is used as net capability for resource planning purposes.
Transmission and Distribution Lines and Agreements
The Company owns or has ownership interests in four 345-kilovalt transmission lines in New Mexico, three 500-kilovaltlines in Arizona, and owns the transmission and distribution network within its New Mexico and Texas retail service area and operates these facilities under franchise agreements with various municipalities. The Company is also a party to various transmission and power exchange agreements that, together with its owned transmission lines, enable the Company to deliver its energy entitlements from its remote generation sources at Palo Verde and Four Corners to its service area.
The Company owns a 310 mile, 345-kilovalts transmission line from TEP's Springerville Generating Plant located near Springerville, Arizona, to the Company's Diablo Substation located near Sunland Park, New Mexico. The Company owns a 202 mile, 345-kilovalts transmission line from PNM's West Mesa Substation located near Albuquerque, New Mexico, to the Company's Arroyo Substation located near Las Cruces, New Mexico. The Company owns 40% of a 60-mile, 345 kilovolt transmission line between TEP's Greenlee Substation near Duncan, Arizona to the Hidalgo Substation near Lordsburg, New Mexico, approximately 57% of a 50-mile, 345 kilovolt transmission line between the Hidalgo Substation and the Luna Substation and 100% of an 86-mile, 345 kilovolt transmission line between the Luna Substation and the Newman Power Station.
Company Address
El Paso Electric Co
100 N. Stanton
EL PASO TX 79901
P: +1915.5435711
F: +1915.5432299
Company Web Links
| Name | Compensation |
|---|---|
Thomas Shockley |
1,689,860 |
Michael Parks |
-- |
David Carpenter |
1,023,920 |
Hector Puente |
928,294 |
Mary Kipp |
731,717 |

