El Paso Electric (NYSE: EE) has agreed with Infrastructure Investments Fund to extend the closing date for the sale of the utility to Sept. 1. IIF, a private fund advised by financial giant JPMorgan, is acquiring El Paso Electric in a $4.3 billion deal. The sale is pending final approval from the Federal Energy Regulatory Commission. The deal is expected to close in the first half of this year. El Paso Electric provides electricity to about 435,000 customers in the El Paso region and southern New Mexico.


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