Is EP Energy still in business?
EP filed for bankruptcy in October 2019, but its attempts to restructure were impacted by the cratering of oil prices in early 2020. Like many U.S. energy producers whose finances were decimated by the collapse, EP gave shares in a newly-constituted company in exchange for eliminating $4.4 billion of debt.
Who owns EP Energy?
Kinder Morgan
El Paso Holdco LLC/Parent organizations
Does El Paso Electric belong to any electricity market?
The company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico; and resells electricity to electric utilities and power marketers. Unlike most other Texas utilities, El Paso Electric operates as a monopoly….El Paso Electric.
| Type | Private company |
|---|---|
| Website | www.epelectric.com |
Does El Paso have water?
For over a century, El Paso has relied on both river water and groundwater for municipal water supply and now proudly supplies 97 percent of all municipal water in El Paso County. Sources: River water is supplied from the Rio Grande and makes up nearly half of El Paso’s potable water supply.
Who purchased El Paso Electric?
EL PASO, Texas – The $4.3 billion sale of El Paso Electric Company to an investment fund controlled by global financial giant JP Morgan officially closed Wednesday as the new ownership immediately named an incoming CEO for the utility firm.
What happened to El Paso Electric?
In 2020, El Paso Electric was sold to the Infrastructure Investments Fund (IIF), a fund associated with investment bank, J.P. Morgan. Previously, the company was publicly traded on the New York Stock Exchange as EE.
How bad is El Paso water?
Water in El Paso is described as moderately hard to hard. Harder water does not lather as easily and does not form as many suds when using soap or detergent. However, there is increasing evidence that the presence of calcium and magnesium found in hard water is desirable for good cardio-vascular health.
Why is groundwater so important in El Paso?
Groundwater represents an important supply source for municipal and irrigation uses in Far West Texas. The City of El Paso receives about 50 percent of its municipal water supply from surface water and 50 percent from local groundwater. As a result, groundwater levels in many parts of the Hueco Bolson have stabilized.
How many customers does El Paso Electric have?
Today, El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 444,300 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
Why does El Paso smell bad?
El Paso Water officials say the reason is due to a wastewater main break that happened in August during the heavy rainstorms. The utility says the pipes that ruptured are a major part of the Frontera Force Main Pipelines, which are located near Sunland Park and Doniphan Drive.
Do you need a water softener in El Paso?
Water in El Paso is described as moderately hard to hard. We do not recommend the installation of water softeners for drinking water.