El Paso Electric (EPE)
There's a new focus on winter weather in the Texas electricity market after February's winter storm drove the ERCOT grid to the brink of collapse.
Texas utility representatives warned that efforts to avert future extreme weather crises could falter as memories of February's cold snap fade.
El Paso Electric, a utility that serves more than 400,000 customers in Texas and New Mexico, plans to join CAISO’s Western Energy Imbalance Market in 2023.
FERC authorized the installation of a new general partner and transfer of ownership interests in the IFF that acquired EPE earlier this year.
Texas regulators approved El Paso Electric’s request to build a gas-fired generator that has drawn opposition from the city and local environmentalists.
The privately held Infrastructure Investments Fund completed its acquisition of El Paso Electric after a final regulatory check by the NRC.
FERC approved a market power mitigation plan for an investment fund’s $4.3B purchase of El Paso Electric and rejected rehearing requests challenging its approval.
Emboldened by its victory in an affiliate case involving Goldman Sachs, Public Citizen asked FERC to reconsider a ruling involving JPMorgan Chase.
FERC conditionally approved J.P. Morgan’s $4.3 billion purchase of El Paso Electric, directing the companies to file a mitigation plan.
FERC largely approved the Order 845 compliance filings for CAISO, NYISO and a handful of utilities, though none of the entities received perfect marks.
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