Oracle proposes 10-year power deal with El Paso Electric for Project Jupiter site

Bitget2026/10/13 14:07

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Oracle proposed an Energy Service Agreement with El Paso Electric for Project Jupiter to support construction-phase power needs at its New Mexico data center.
Deal calls for USD 10 million a year for 10 years, even if usage falls below contracted levels.
Separate proposal would provide up to USD 55 million a year in bill credits for up to three years to EPE’s New Mexico residential, small-business customers.
Customer credits could start in 2027, implying total offsets of at least USD 155 million across the agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oracle Corporation published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Oracle proposes 10-year power deal with El Paso Electric for Project Jupiter site

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