El Paso Electric delays rate case hearing to seek settlement over proposed increases
Written By: Stratton Report
January 21, 2016
On January 21, El Paso Electric Company asked to slow the procedural schedule for its rate case at the Public Utility Commission of Texas to permit settlement talks. The utility was joined by PUCT Staff, the City of El Paso, the Office of Public Utility Counsel and the Texas Industrial Energy Consumers in this motion.
According to the utility, the parties have made substantial progress in settlement talks but have not yet reached a full settlement agreement.
The Public Utility Commission of Texas issued an order approving the joint motion, cancelling the prehearing conference scheduled for this Friday, January 22, 2016, and postponing the start of the hearing on the merits. EPE will file a status report on settlement progress next Friday, January 29, 2016.
On August 10, 2015, EPE filed a request for an increase in non-fuel base revenues of approximately $71.5 million. On January 15, 2016, it modified the requested increase to $63.3 million. A hearing on the merits of the rate case filing was set to begin on January 26, 2016.
Mary Kipp, El Paso Electric CEO noted:
“We continue to make progress with our intervenors and regulators toward reaching a settlement. The temporary abatement of this rate case proceeding allows us to continue our settlement discussions.”