February 7, 2020 • EPE Related News
City of El Paso Approves Assignment of Franchise Application in Connection with the Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund
City of El Paso Approves Assignment of Franchise Application in Connection with the Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund
EL PASO, Texas and NEW YORK, New York – El Paso Electric Company (EPE) and the Infrastructure Investments Fund (IIF) today announced that the City of El Paso, Texas (City of El Paso) consented to the acquisition of EPE by an affiliate of IIF by approving EPE’s Franchise Assignment Application filed with the City of El Paso on September 20, 2019.
EPE and IIF issued the following statement:
We want to thank the City of El Paso for approval of the franchise assignment application. We look forward to continuing to engage and invest in EPE’s communities over the long-term to benefit EPE’s customers, employees and communities and to further the development of a sustainable path for protecting the environment and a clean energy future.
As previously announced, the proposed transaction is expected to close in the first half of 2020, subject to receipt of additional regulatory approvals and other customary closing conditions.
Morning-After Broadcast Stories on February 5, 2020 POST City Council Meeting:
KTSM NewsChannel 9 News at Noon
KTSM NewsChannel 9 at 6AM – PROMO
KTSM NewsChannel 9 at 5AM – PROMO
CBS4 Local News at 5AM - PROMO
Evening Broadcast Stories POST City Council Meeting on February 4, 2020:
KVIA ABC7 News at 6PM – with correction
KTSM NewsChannel 9 at 5PM – PROMO
Morning and Early Afternoon Broadcast Stories BEFORE City Council Meeting on February 4, 2020:
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