El Paso Electric Company: Now a privately held utility
The close of El Paso Electric's acquisition by IIF, financed primarily with equity from IIF as expected, does not impact the company's ratings.El Paso Electric is a public utility engaged in the generation, transmission and distribution of electricity in west Texas and southern New Mexico. The company also serves wholesale customers in Texas. The company distributes electricity to retail customers principally in El Paso, TX and Las Cruces, NM. In addition, the company's wholesale sales include sales for resale to other electric utilities and power marketers. Principal industrial, public authority and other retail customers of the company includes U.S. military installations, such as Fort Bliss in Texas and White Sands Missile Range and Holloman Air Force Base in New Mexico, an oil refinery, medical centers, universities and a steel production facility.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.