El Paso Electric Company (NYSE:EE)
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A public utility company engaged in the generation, transmission and distribution of electricity.
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A public utility company engaged in the generation, transmission and distribution of electricity.
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?El Paso provides electricity to the southwest, though that is easy infer from the name. In recent earnings El Paso discussed how lower electric rates and consumption hurt profit, but overall they were happy with the year. The recent snow in Arizona might be helping them out now, but in all reality it was a down year for electric consumption in the southwest nothing management could do. Analysts expect growth over the next three years, but with construction spending on the rise (expecting to spend $1.1 billion this year through 2017 on new power plants) and rates locked in until 2016 El Paso might not be the best option in the upcoming year.