El Paso, Texas — On August 24, 2017, the Administrative Law Judges (ALJs) in El Paso Electric Company’s (EPE) (NYSE: EE) pending case to change its Texas retail electric rates in Public Utility Commission of Texas (PUCT) Docket No. 46831 issued an order to abate the hearing on the merits, which commenced on August 21, 2017. The hearings were abated to facilitate settlement discussions among the parties. The outcome of any hearing or settlement would be subject to review by the PUCT. EPE expects to file a status report on settlement progress with the ALJs on a weekly basis.
On February 13, 2017, EPE filed with the City of El Paso, other incorporated municipalities in its Texas service territory and the PUCT a request for an increase in non-fuel base revenues of approximately $42.5 million. When EPE filed its rebuttal testimony in the rate case on July 21, 2017, it modified the requested increase in non-fuel base revenues to $39.2 million primarily to reflect the separation of $3.0 million in rate case expenses into a separate docket.
About El Paso Electric
El Paso Electric Company is a regional electric utility providing generation, transmission and distribution service to approximately 416,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.