In May 2019, El Paso Electric (EPE) announced the utility would be sold to Infrastructure Investments Fund (IIF). The complex agreement does require review and approvals by El Paso City Council and state regulators, to name a few.
On January 16, 2020, the Public Utility Commission of Texas (PUCT) approved IIF’s proposed acquisition of EPE as being in the public interest. A Final Order from the PUCT is expected to be issued within the next few weeks.
El Paso Electric Company (EPE) hosted community meetings alongside Infrastructure Investments Fund (IIF) in collaboration with the City of El Paso about the pending settlement agreement and the ongoing regulatory process regarding the sale of EPE to IIF.
For its part the City of El Paso is listening and working to address many of the questions shared by the public to include local control, EPE headquarters and employee commitments, solar power and more.
This page offers resources detailing the EPE agreements, below is EP Electric’s Franchise Agreements that have been voted on by previous City Council’s and the proposed Franchise Agreements
Presentation to the City Council provided on January 6, 2020, about the proposed sale and City of El Paso involvement.
EPE and IIF Settlement Agreement
Public Utility Commission of Texas – Final Order
This final order was posted on the Commission’s website on Jan. 28, 2020.
EPE Franchise Agreements that have been voted on by previous City Council’s and the proposed Franchise Agreements
What is the difference between the December 2019 and January 2020 proposal?
The January 2020 proposal has:
- added commitments for a low-income assistance program
- expanded commitments for customer service and maintenance