El Paso Electric's pending $4.3 billion sale is expected to become final Wednesday as the Nuclear Regulatory Commission reviews some ownership issues tied to the buyer. The electric utility and the buyer, the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, announced Monday that they plan to close the sale July 29. The announcement of the sale closing date was expected after the Federal Energy Regulatory Commission issued an order July 22 giving its final approval for the...

The deal is finally done. El Paso Electric is no longer a publicly traded electric utility. It’s now owned by the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, which on June 1, 2019, agreed to buy the 117-year-old electric utility for $4.3 billion, including assuming $1.5 billion of the utility’s debt. The sale was completed Wednesday afternoon. El Paso Electric and IIF also named a new chief executive officer: Kelly Tomblin, who most recently served as CEO and president of...

A year ago, Gilbert Serna became one of the El Paso Walmart heroes and somewhat of a media celebrity after he helped usher customers to safety during a gunman's rampage. He and Lasonya Pickard, an assistant manager, helped lead more than 100 customers to safety inside metal cargo containers in the back of the Cielo Vista-area Walmart store during the shooting, he said. He also helped other customers outside the store escape to the nearby Sam’s Club. That brought him worldwide news media...

A year ago, a gunman killed 23 people and injured dozens more in a rampage at an El Paso Walmart store. Monday, a private remembrance is being held at the Walmart shooting memorial, the Grand Candela, in the parking lot of the Cielo Vista-area store where the shooting occurred. A moment of silence will be observed at 10:39 a.m., when the first call came to police Aug. 3, 2019. Some employees visited the memorial Monday morning. News media is being restricted to an area at Sam's Club across...

Les Parker, founder of United Bank of El Paso del Norte, and Bank of the West (now WestStar Bank) talks about his long banking career. Wochit The battle for control of United Bank of El Paso del Norte between a handful of large shareholders and the bank’s board of directors ended with new management taking over the 19-year-old community bank. The battle was set off several months ago by some large shareholders who were unhappy that offers to sell the bank were never brought before bank...