Federal Energy Regulatory Commission Issues Conditional Authorization of Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund
Excelerate Energy, Inc. Class A (EE)
Last excelerate energy, inc. class a earnings: 2/27 07:50 am
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US:NYSE Investor Relations:
ir.epelectric.com/investor-relations
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Source: Business Wire
EL PASO, Texas & NEW YORK--(BUSINESS WIRE)--El Paso Electric Company (EPE) (NYSE: EE) and The Infrastructure Investments Fund (IIF) announced that the Federal Energy Regulatory Commission (FERC) issued an order authorizing IIF’s proposed acquisition of EPE, subject to the FERC’s approval of mitigation to address certain discrete competitive effects of the transaction that could arise. FERC concluded that the acquisition, as conditioned, satisfies governing federal standards and authorized the acquisition as consistent with the public interest.EPE and IIF issued the following statement:“We are pleased by the FERC’s order authorizing IIF’s proposed acquisition of EPE. We are working diligently to file proposed mitigation that is consistent with the order. We look forward to the expected closing in the first half of 2020, subject to the satisfaction or waiver of other customary closing conditions.” As previously announced, the FERC’s approval is the last regulatory approval needed to
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