EP Electric to Build New Generating Unit
POSTED: Wednesday, February 23, 2011 - 6:12pm
UPDATED: Monday, March 14, 2011 - 8:38am
EL PASO - El Paso Electric is taking dramatic steps to make sure there is not another power crisis like the one the area endured earlier this month.
El Paso Electric is spending $80 million to build a generating unit at the utility's Rio Grande power plant in Sunland Park. That's the plant that failed during the deep freeze, which forced the utility to enforce rolling blackouts. The new power unit should be up and running by the summer of 2013.
The announcement comes after the company said it made an over 50-percent profit increase for all of 2010.
We asked a spokesperson with the company why-- despite record profits, did they not prepare their equipment before the freeze. However, our question went unanswered by Teresa Souza, with El Paso Electric.
She said, “EPE will thoroughly investigate its current practices to determine what lessons we can learn from this event.”
El Paso Electric said this month's winter storm caused an estimated $1 million in damages to two of its power plants.