The following are charters that govern EPE's Board, officers and employees.
Audit Committee The Audit Committee assists the Board in its oversight of the integrity of the financial statements of the Company, reviews the qualifications, independence and performance of the Company's independent auditors, and internal audit function, and otherwise oversees the Company's financial reporting.
Compensation Committee The Compensation Committee oversees compensation and benefit policies, evaluates senior executive performance, reviews the Company's management succession plan, oversees and sets compensation for the Company's senior executives and prepares the report on executive compensation that Securites and Exchange Commission rules require to be included in the Company's annual proxy statement
Nominating and Corporate Governance Committee The Nominating and Corporate Governance Committee is responsible for identifying individuals for Board membership, recommending directors for appointment to Board committees, evaluating director independence, and Board performance, overseeing and setting compensation for directors and developing and overseeing compliance with the Corporate Governance Guidelines and Code of Ethics of the Company.
Energy Resources and Environmental Committee The Energy Resources and Environmental Committee is responsible for reviewing and assessing the operations of the Company’s electric generating fleet, including plants for which it is an owner and operator and those plants operated by others in which it owns an interest or on which it relies; reviewing and assessing the operations and needs of the Company’s transmission system; assisting in evaluating issues facing the Company from legislative and regulatory initiatives regarding climate change, emissions, renewables and alternative energy; and identifying environmental issues facing the Company and overseeing compliance with applicable environmental laws and regulations.
Executive Committee The Executive Committee consults with senior management on administrative matters and directs the strategic planning effort on behalf of the Board. The Executive Committee may exercise all powers of the Board of Directors (except as prohibited by the Texas Business Organizations Code) between meetings. In addition, the Executive Committee’s responsibilities include analyzing and making recommendations to the Board of Directors regarding the maximization of shareholder value.
Public Policy and Corporate Reputation Committee The Public Policy and Corporate Reputation Committee assists the Board in its oversight of all matters relating to the Company’s legislative and regulatory affairs, including, but not limited to, those relating to the City of El Paso and all other governing bodies within the Company’s service territory, the State of Texas, the State of New Mexico, the State of Arizona, the Federal government, and the Mexican government; communication and public relations activities related to the Company’s brand and reputation; matters relating to corporate and social responsibility; and contributions by the employee political action committee (PAC) as well as corporate activities related to civic and charitable affairs in accordance with applicable regulations.
Security Committee The Security Committee is created to enhance the Board's understanding and oversight of the systems (i.e., policies, controls and procedures) that management has put in place to (i) identify, manage and mitigate risks related to cybersecurity and physical security; (ii) respond to incidents with respect thereto; and (iii) protect critical infrastructure assets. The Committee will also assist in the Board’s assessment of the adequacy of resources, funding, and focus within the Company with respect to cybersecurity and physical security.