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El Paso Electric (EE) Company Profile

Updated Sep 9, 2019
El Paso Electric has the following business profile:
Company's Full Name:El Paso Electric Company
Short Name:El Paso Electric
Trading Ticker Symbol:EE
Primary Exchange:NYSE
Headquarter City/Country:Texas, TX
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Electric Utilities
Main Business Areas: Public Utilities, Electric Utilities, Utilities
Dividend Payments:Dividend History

Market and Trading Information for El Paso Electric

The following details were available for trading and market data about the stock of El Paso Electric as of writing:
Current Share Price:$66.81
Previous Year's Closing Price:$50.13
Percentage Price Change (YTD):33.27%
Market Cap:$2.72 billion
52-week Price Range:$47.99 - $67.2
Dividend Per Share:$1.47
EPS (TTM):2.21
Price-Earnings (Trailing):30.27
Price-Earnings (Forward):23.61

Company Profile and Business Description for El Paso Electric

El Paso Electric Company, incorporated on August 30, 1901, is a public utility company. As of December 31, 2016, the Company was 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. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW). The Company's energy sources consists of nuclear fuel, natural gas, coal, purchased power and generated by Company-owned solar photovoltaic panels. As of December 31, 2016, the Company had power purchase agreements for 107 MW from solar photovoltaic generation facilities. As of December 31, 2016, the Company served approximately 411,100 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. In addition, the Company's wholesale sales include sales for resale to other electric utilities and power marketers.

As of December 31, 2016, the Company's principal industrial, public authority and other retail customers included the United States military installations, including Fort Bliss in Texas and White Sands Missile Range, and Holloman Air Force Base in New Mexico, an oil refinery, several medical centers, two universities and a steel production facility. The Company's facilities consists of the Palo Verde Nuclear Generating Station (Palo Verde), Newman Power Station, Rio Grande Power Station, Montana Power Station (MPS) (Units 1 and 2), Copper Power Station and Renewables. As of December 31, 2016, Its renewables included Hueco Mountain wind ranch with a total capacity of approximately 1.32 MW and six solar photovoltaic facilities with a total capacity of 0.2 MW. As of December 31, 2016, the Company owned an interest in the other three nuclear generating units and common facilities at Palo Verde. The Arizona Public Service Company (APS) serves as operating agent for Palo Verde. As of December 31, 2016, the Newman Power Station consisted of three conventional steam-electric generating units and two combined cycle generating units. The Newman Power station operates primarily on natural gas but the conventional steam-electric generating units can also operate on fuel oil. As of December 31, 2016, the Company's Rio Grande Power Station consisted of three conventional steam-electric generating units and one aeroderivative unit, which operate on natural gas. The Company's Copper Power Station consists of a natural gas combustion turbine used primarily to meet peak demand. As of December 31, 2016, the Company's MPS consisted of two aeroderivative generating units, which operated on natural gas.

As of December 31, 2016, the Company owned or had interests in four 345 kilovolts (kV) transmission lines in New Mexico and Arizona and three 500 kV lines in Arizona. These lines enable the Company to deliver its energy entitlements from its remote generation sources at Palo Verde. The Company also 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. In addition to the transmission and distribution lines within its service territory, the Company's transmission network and associated substations include Springerville-Macho Springs-Luna-Diablo Line, West Mesa-Arroyo Line, Greenlee-Hidalgo-Luna-Newman Line, Eddy County-AMRAD Line and Palo Verde Transmission.

100 N Stanton St

Peer / Competitor Companies of Electric Utilities Sector

Along with El Paso Electric Company, the following other peer (competitor) companies also exist within the same Electric Utilities - Public Utilities sector whose company profile and dividend history is as follows:

▶ 8point3 Energy Partners LP (CAFD): 8point3 Energy Partners LP, incorporated on March 3, 2015, owns, operates and acquires solar energy generation projects. As of November 30, 2016, the Companys portfolio consisted of interests in 642 ....See Detailed Company Profile  and Dividend History.

▶ AES Corp (AES): The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The ....See Detailed Company Profile  and Dividend History.

▶ Alabama Power (ALP^O): ....See

▶ Algonquin Power and Utilities (AQN): Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United State....See Detailed Company Profile  and Dividend History.

▶ American Electric Power (AEP): American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers i....See Detailed Company Profile  and Dividend History.

▶ Atlantic Power (AT): Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation....See Detailed Company Profile  and Dividend History.

▶ Atlantica Yield (ABY): Atlantica Yield plc, formerly Abengoa Yield plc, incorporated on December 17, 2013, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines ....See Detailed Company Profile  and Dividend History.

▶ Avangrid (AGR): Avangrid, Inc., incorporated on September 23, 1997, is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Company is engaged in the regulated ....See Detailed Company Profile  and Dividend History.

▶ Azure Power Global (AZRE): Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates sol....See Detailed Company Profile  and Dividend History.

▶ Black Hills (BKH): Black Hills Corporation, incorporated on April 28, 2000, is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through ....See Detailed Company Profile  and Dividend History.

▶ Black Hills (BKHU): Black Hills Corporation, incorporated on April 28, 2000, is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through ....See Detailed Company Profile  and Dividend History.

▶ Brookfield Renewable Partners (BEP): Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as ....See Detailed Company Profile  and Dividend History.

▶ Calpine (CPN): Calpine Corporation, incorporated on June 27, 1996, is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in ....See Detailed Company Profile  and Dividend History.

▶ CenterPoint Energy (CNP): CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Companys operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution ....See Detailed Company Profile  and Dividend History.

▶ Centrais Electricas Brasileiras (EBR): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile  and Dividend History.

▶ Centrais Electricas Brasileiras (EBR.B): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile  and Dividend History.

▶ Comp En De Mn Cemig ADS (CIG): Companhia Energetica de Minas Gerais-CEMIG, incorporated on May 22, 1952, is a holding company that is engaged in the generation, transmission and distribution of electricity. The Companys segments include Generation, ....See Detailed Company Profile  and Dividend History.

▶ Companhia Paranaense COPEL (ELP): Companhia Paranaense de Energia - Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The ....See Detailed Company Profile  and Dividend History.

▶ Covanta Holding (CVA): Covanta Holding Corporation, incorporated on April 16, 1992, is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well ....See Detailed Company Profile  and Dividend History.

▶ CPFL Energia (CPL): CPFL Energia S.A., incorporated on March 20, 1998, is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related ....See Detailed Company Profile  and Dividend History.

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