El Paso Electric Requests Bill Increase
EL PASO, Texas -- The El Paso Electric Company is requesting a fuel factor charge increase, which means electric bills might go up. The El Paso Electric Company assistant vice president of regulatory services and rates, Evan Evans, said that two things are happening at once: First, the price of natural gas has gone up. Second, the demand for electricity in El Paso has also gone up. Evans said that El Paso Electric has been keeping an eye on the rising fuel prices and hoping it wouldn't have to increase its fuel factor charge. On Friday, the company filed a request with the Public Utility Commission of Texas to raise that charge. The average customer, using 600 kilowatts per month, should see an increase of about $1.55. That's about 2.1 percent of the monthly bill. Evans assured KFOX14 that none of the extra money will go into managers or shareholders' pockets. The increased cost only reflects the cost to generate electricity from natural gas, coal and uranium for nuclear power, as well as electricity purchased in the open market. Evans said that over collection of fuel cost would result in a refund to customers. Evans said the electric company has reduced this charge twice in the past year. Electric company customers should start seeing an increase in their August bills. PUCT can approve the request for a fuel factor increase on July 27.El Paso Electric Company - News
EL PASO, Texas -- The El Paso Electric Company is requesting a fuel factor charge increase, which means electric bills might go up. The El Paso Electric Company assistant vice president of regulatory services and rates, Evan Evans, said that two things
El Paso Electric (NYSE: EE): Goldman Sachs recently reiterated its Buy rating and price target due to the Texas-based company's dividend and share buybacks. The utility is expected to post year-over-year EPS growth of 19.7% on August 3.
The February freeze brought three days of rolling power outages to El Paso and Las Cruces area customers when El Paso Electric power plants froze. Those outages were the main reason the company's customer satisfaction rating made a substantial drop,
The Drowning Prevention Coalition of El Paso and El Paso Electric Company will host the first ever “Respect the Water Luncheon today. 4-Time Pro Bowl Quarterback Randall Cunningham was the guest speaker.
As part of El Paso Electric Company's $10 million commitment to build solar power within the region, two more contracts were signed to install solar panels at Stanton Tower and Wrangler Substation in El Paso, Texas. The installations will power
Jefferies Analysts Downgrade El Paso Electric (EE) Shares to “Hold ...
Equities research analysts at Jefferies downgraded shares of El Paso Electric (NYSE: EE) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. The analysts currently have a $33.50 price target on the stock.
Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of El Paso Electric from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, July 5th. Also, analysts at Zacks Investment Research downgraded shares of El Paso Electric from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, May 23rd.
Shares of El Paso Electric traded up 1.07% during mid-day trading on Thursday, hitting $33.02. El Paso Electric has a 52 week low of $20.91 and a 52 week high of $34.05. The stock’s 50-day moving average is $31.50 and its 200-day moving average is $29.6. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 14.68.
El Paso Electric last announced its quarterly results on Tuesday, May 3rd. The company reported $0.26 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.29 EPS by $0.03. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 13.70% on a year-over-year basis. On average, analysts predict that El Paso Electric will post $1.29 EPS next quarter.
El Paso Electric Company is a utility company 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. It also serves a wholesale customer in Texas. The Company owns or has significant ownership interests in six electrical generating facilities providing it with a net dependable generating capability of approximately 1,643 megawatts. During the year ended December 31, 2009, the Company’s energy sources consisted of approximately 45% nuclear fuel, 22% natural gas, 7% coal, 26% purchased power and less than 1% generated by wind turbines. The Company serves approximately 370,000 residential, commercial, industrial, public authority and wholesale customers. It distributes electricity to retail customers principally in El Paso, Texas, and Las Cruces, New Mexico (representing approximately 64% and 11%, respectively, of the Company’s retail revenues for during 2009).
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Electric railway, electric lighting, gas, and water power properties
EL PASO ELECTRIC COMPANY. EL PASO, TEXAS. This Company owns the securities of El Paso Electric Railway Company and El Paso and Juarez Traction Company, ...International Directory of Company Histories
El Paso Electric Company, 21 196-98 El Paso Healthcare System, Ltd., 15 112; 35 215 El Paso Natural Gas Company, 10 190; 11 28; 12 144-46; 19 411; ...Daily Source Directory
El Paso Electric
Generates and distributes electricity to customers in the Rio Grande Valley in west Texas and southern New Mexico.
Electricity for West Texas and Southern New Mexico | El Paso ...
El Paso Electric provides reliable and affordable electricity to business and residential customers in west Texas and southern New Mexico.
El Paso Electric - Investors
BNY Mellon is El Paso Electric's transfer agent. BNY Mellon can be contacted by calling 866-202-2682. In writing to P. O. Box 358015, Pittsburgh, PA 15252-8015 ...
El Paso Electric - Investor FAQs
This would be the first dividend paid on the Company's common shares since 1991. ... El Paso Electric does not offer direct stock purchases or sales. ...
El Paso Electric Company - El Paso, Texas (TX) | Company Profile
Our free company profile report for El Paso Electric Company includes business information such as contact, sales and financial data. ...
