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Energy - JULY 28, 2020

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El Paso Electric sale to JPMorgan-tied investment fund scheduled to become final Wednesday

by Andrea Zander

El Paso Electric's pending $4.3 billion sale is expected to become final Wednesday, July 29, as the Nuclear Regulatory Commission reviews some ownership issues tied to the buyer, reported El Paso Times.

IIF in June 2019 agreed to buy El Paso Electric. The acquisition needed to be approved by federal, Texas and New Mexico regulatory agencies, as well as the El Paso City Council.

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