Hunton Andrews Kurth Advises on El Paso Electric Company’s Reoffering of $100.6 Million Tax-Exempt Bonds

Time 2 Minute Read
May 22, 2019
News

Hunton Andrews Kurth LLP advised the underwriter in connection with El Paso Electric Company’s reoffering of $100.6 million aggregate principal amount of 2009 Series A and 2009 Series B Maricopa County, Arizona Pollution Control Corporation Pollution Control Refunding Revenue Bonds (El Paso Electric Company Palo Verde Project) (Non-AMT), which were previously issued for the benefit of El Paso Electric Company.

El Paso Electric Company (“EPE” or the “Company”) is a public utility engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. EPE also serves a full requirements wholesale customer in Texas. EPE owns or has significant ownership interests in several electrical generating facilities, currently providing the Company with a net dependable generating capability of approximately 2,085 MW. For the year ended December 31, 2018, EPE’s energy sources consisted of approximately 44% nuclear fuel, 44% natural gas, 12% purchased power and less than 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company continues to expand its portfolio of renewable energy sources, particularly solar photovoltaic generation. As of December 31, 2018, the Company has power purchase agreements for 107 MW from solar photovoltaic generation facilities.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon and Brendan P. Harney. Chris Kulp provided tax advice.

Media Contact

Lisa Franz
Director of Public Relations

Jeremy Heallen
Public Relations Senior Manager
mediarelations@HuntonAK.com

.

Jump to Page