\nAustin, Texas\u2014Oct 13, 2026\n<\/p>\n
Read this announcement in Spanish<\/a><\/p>\n Oracle today announced a proposed Energy Service Agreement with El Paso Electric (EPE) for Project Jupiter to support late-stage construction, initial commissioning, emergency backup power at the site and to meet life safety needs for New Mexican workers at the data center.<\/p>\n As indicated earlier this year<\/a>, the primary power source for Project Jupiter will continue to be provided by the Bloom Energy fuel cell microgrid. There is no change to our plan.<\/p>\n As part of the Energy Service Agreement, Oracle expects to pay $10 million for power annually for 10 years even if its usage is below contracted levels. This agreement helps offset shared electric system costs that would otherwise be borne by EPE\u2019s New Mexico customers and supports affordable electric rates.<\/p>\n In addition, a separate agreement includes a proposal to provide as much as $55 million annually in direct credits for up to three years for EPE\u2019s New Mexico residential and small business customers. This credit could begin benefiting customers in 2027.<\/p>\n \u201cWe welcome the opportunity to facilitate Oracle\u2019s credit to further affordability for our customers,\u201d said Kelly Tomblin, president and CEO of El Paso Electric. \u201cGrowth and investment in New Mexico has always been an EPE priority and we support the effort Oracle is making to ensure that this growth benefits our residential and small commercial customers.\u201d<\/p>\n