New Mexico Public Regulation Commission Unanimously Approves Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund
Excelerate Energy, Inc. Class A (EE)
Last excelerate energy, inc. class a earnings: 2/27 07:50 am
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Source: Business Wire
EL PASO, Texas & NEW YORK--(BUSINESS WIRE)--El Paso Electric Company (EPE) (NYSE: EE) and The Infrastructure Investments Fund (IIF) today announced that the New Mexico Public Regulation Commission (NMPRC) approved IIF’s proposed acquisition of EPE.EPE and IIF issued the following statement:We are pleased that the NMPRC approved the unopposed stipulation and the Hearing Examiner’s modifications. The parties worked collaboratively to reach a mutual understanding early in the process. Today’s unanimous approval by the NMPRC confirms the significant value the proposed acquisition will provide to our customers, employees and communities. As previously announced, the proposed transaction is expected to close in the first half of 2020, with one remaining regulatory approval needed from the Federal Energy Regulatory Commission.About El Paso ElectricEl Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 433,000 retail a
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