Oracle proposes 10-year power deal with El Paso Electric for Project Jupiter site
ORCL•Oracle proposed a power agreement with El Paso Electric for its New Mexico data center, calling for $10 million annually for 10 years. A separate proposal would provide up to $55 million a year in customer bill credits for up to three years, potentially beginning in 2027.
1. Proposed power agreement
Oracle proposed an Energy Service Agreement with El Paso Electric to support construction-phase power needs at its Project Jupiter data center site in New Mexico. The deal calls for $10 million a year for 10 years, even if power usage falls below contracted levels.
2. Customer bill credits
A separate proposal would provide up to $55 million a year in bill credits for up to three years to El Paso Electric’s New Mexico residential and small-business customers. The credits could start in 2027, implying total offsets of at least $155 million across the agreements.
