Financially troubled El Paso discontinues more nonutility operations

Journal Article · Thu Jan 04 04:00:00 EST 1990 · Public Utilities Fortnightly; (United States)

OSTI ID:5163629

As part of a plan to phase out its nonutility businesses, El Paso Electric Company will discontinue its remaining PascoTex Corporation operations, consisting of the manufacture of specialty steel products, and company management released revised estimates of losses to be incurred during the disposal period. Recently El Paso announced it would also bow out of most of its nonutility real estate operations. Increased operating expenses, principally at El Paso's Palo Verde station nuclear facility, have also impacted the bottom line. All three units at Palo Verde were out of service at the time of this writing. The good news was that energy sales have increased.

• OSTI ID: 5163629
• Journal Information: Public Utilities Fortnightly; (United States), Journal Name: Public Utilities Fortnightly; (United States) Vol. 125:1; ISSN 0033-3808; ISSN PUFNA
• Country of Publication: United States
• Language: English

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COST
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