El Paso Electric

Utility no longer public traded, hires new CEO

El Paso Electric Co. is no longer a publicly traded electric utility, the El Paso Times reported July 29. The company also confirmed the move, along with details of its new board of directors, in a press release the same day:

EPE confirmed that its acquisition by the Infrastructure Investments Fund (IIF) has closed. The new Board of Directors has appointed Kelly Tomblin as incoming Chief Executive Officer.

Kelly Tomblin.—El Paso Electric photo

Ms. Tomblin will join EPE after a three-decade career leading utilities both in the United States and internationally. She brings deep expertise in the generation, transmission and distribution sectors as well as renewable development, and energy services and sales. Most recently, Ms. Tomblin served as President and CEO of INTREN, L.L.C., a leading utility solutions provider with 14 regional offices across the United States. Prior to that, she served as CEO of Jamaica Public Service Company (JPS), where she helped lead an energy revolution for Jamaica, which included the development of an extensive smart grid program and substantial growth in renewable energy.

Frank Cassidy, incoming Chairman of the El Paso Electric Board of Directors, said, “Kelly Tomblin is one of the most dynamic and accomplished leaders in the energy industry and we are excited to appoint her as EPE’s incoming CEO. A thorough search was conducted, and we believe Kelly’s executive experience, proven track-record of improving safety and commitment to our vision of innovation make her the ideal leader for this important time in EPE’s history.”

“This is truly an exciting time to be joining El Paso Electric as we begin our new partnership with IIF and deliver the many benefits of the transaction,” said Ms. Tomblin. “EPE plays a critical role in the communities they serve and I look forward to making this community my own. I am committed to ensuring that EPE continues to invest in our neighborhoods while delivering safe and reliable service to all our customers. As we look to the future, we have a tremendous opportunity to leverage the talent and creativity of our workforce to accelerate EPE’s transition to a smarter grid and renewable energy. I look forward to working with the EPE team to fulfill the Company’s mission of innovation as we continue to develop platforms for economic vibrancy.”

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