SANTA TERESA, N.M. (KFOX14\/CBS4) \u2014 A set of new commitments tied to Project Jupiter, the data center under construction in Santa Teresa, was announced Tuesday, including funding aimed at easing electricity costs and flood recovery, as well as claims that the center could generate billions of dollars for the local economy in the next decades.<\/p>\n
Energy Service Agreement<\/p>\n
Oracle, the company behind the project, said that under its Energy Service Agreement, it will pay $10 million for power for 10 years even if it uses less energy than planned. The company said it hopes the arrangement will help ensure the cost of the electric system does not fall on New Mexico customers.<\/p>\n
The company also said it has reached an agreement with El Paso Electric to provide up to $55 million in credits each year for three years for New Mexico residential and small-business El Paso Electric customers to help keep energy costs affordable.<\/p>\n
KFOX14\/CBS4 has reached out to EP Electric to learn more about the agreement and will update this story with the utility’s response.<\/p>\n
RELATED: New Mexico Supreme Court rejects 2 emergency petitions on Project Jupiter permits<\/a><\/p>\n Flood Recovery<\/p>\n In a separate announcement, Oracle said it is giving the Community Foundation of Southern New Mexico (CFSNM) $1 million to help residents and businesses affected by flooding. Oracle said the money will help restore electricity to homes, install wheelchair ramps, make home repairs for seniors, and repair damaged roads and other infrastructure.<\/p>\n According to Oracle, CFSNM will start to review grant applications with community partners to award these grants soon. <\/p>\n Oracle added that Project Jupiter has already donated pumps to the Camino Real Regional Utility Authority (CRRUA) to help remove water from flooded areas.<\/p>\n KFOX14\/CBS4 has reached out to CFSNM to learn more about the funds and will update this story with the foundation’s response.<\/p>\n RELATED: Oracle seeks up to 2 GW of new renewable power for Project Jupiter in Do\u00f1a Ana County<\/a><\/p>\n Economic Impact<\/p>\n Lastly, Oracle’s third announcement was a claim that, according to a study, Project Jupiter could generate more than $13 billion for New Mexico.<\/p>\n According to Oracle, the number was calculated by combining the $2.2 billion the project has reportedly generated so far and adding the projected output as construction continues through 2028, the center’s first 17 years of full operations, and the projected estimate of the state and county tax revenue and industrial revenue bond payments over 30 years.<\/p>\n Oracle added that the economic study was based on data from Oracle and STACK and was analyzed by Mangum Economics and highlighted that the information could change, writing, <\/p>\n “All information in this article is current as of October 13, 2026 and Oracle undertakes no duty to update any statement in light of new information or future events.” <\/p>\n In other words, Oracle appears to say that it is not obligated to correct, update, or revise any of these statements if things change.<\/p>\n