El Paso Electric Company

El Paso Electric creates currents along the Rio Grande River. The utility transmits and distributes electricity to some 372,000 customers in West Texas and southern New Mexico. More than half of the company’s sales come from its namesake city and nearby Las Cruces, New Mexico. The firm has more than 1,640 MW of nuclear, fossil-fuel, and wind-based generating capacity. El Paso Electric also purchases power from other utilities and marketers, and sells wholesale power in Texas and New Mexico, as well as in Mexico. Its largest customers include military installations, such as Fort Bliss in Texas and White Sands Missile Range and Holloman Air Force Base in New Mexico.

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3.6

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

In 2022, we made substantial progress toward our commitment to deliver continuously cleaner energy to our customers. We met milestones that ensured the 2023 delivery of 120 MW of solar energy, 50 MW of battery storage and a new 228 MW water-efficient natural gas generation plant. These generation additions will be our most significant in a decade and will allow the retirement of older less efficient gas generation. We also made a commitment to triple the size of our Texas Community Solar Program with an application to the Public Utility Commission of Texas to construct an additional 10 MW solar facility, including an income qualified component. The Texas Community Solar Program provides an affordable and voluntary subscription option for those customers interested in serving their energy needs with renewable energy without the investment or upkeep of a rooftop system. Another significant milestone for EPE and our customers in 2022 was the full regulatory approval of our advanced metering program. Moving forward, EPE will be installing smart meters to provide our customers with shorter response times to outages and other routine services. Importantly, this technology will empower customers with the information and tools they need to understand their energy usage and make decisions to save money and reduce their carbon footprint. We also made some important cost saving decisions in 2022, deciding to close our walk-in payment centers while still providing hundreds of locations that customers who desire to pay their bills in person can continue to do so. Decisions like these improve the efficiency of our operations while reducing ongoing costs, which benefits all customers. El Paso Electric and every one of our 1,128 employees are working every day to transform the energy landscape. Our 450,000 customers are at the center of our commitment and our action plan to provide safe, reliable, affordable, and clean energy. Working together, we can all have a role in powering the next hundred years of growth, innovation, and economic vibrancy.

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Awards Received

2023

Revenues

$1,500,000,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

4.1

Company Size

1000-5000

ESG Risk Rating

3

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