El Paso Electric to Lower Rates
EL PASO, TX — A victory for El Paso Electric customers today. City council voted to approve a $20M settlement with El Paso Electric meaning a cheaper monthly bill.
Its been an ongoing dispute between the City of El Paso and El Paso Electric and now finally an agreement has been reached. El Paso Electric will lower their rates starting in May.
It all started months ago, when City Representative Cortney Niland realized the numbers didn't add up in El Paso Electric's billing.
"So with further investigation I realized that there was a potential that the company was over earning and if that was the case then we needed to address it," said Niland.
And so city council spent hours discussing and reviewing documents for months.
"Well I was really confident that we were going to be successful and I felt like we had a really good team on city council that wanted to fight for the best interest of this community," said Niland.
She says the change of leadership at El Paso Electric was pivotal to reaching an agreement.
"It's just crazy when the city and El Paso Electric have exactly the same objectives and the same goals. We want what's best for the city and they want what's best for the city and for us to not figure out a way to get together and do this together is just crazy and I think we've been successful in doing that," said Interim El Paso Electric CEO, Bill Shockley.
The $20M settlement comes out to around $3.50 saved on each monthly bill for every residential customer.
"At least I can put those few bucks in my gas tank now," said local El Pasoan, David Wiesner.
“So good because I'm a student. I'm living here without my parents and I need to pay all my bills," said local student Sylvia Jurado.
"In these economically challenging times it makes me feel good and every little bit helps. You know they're doing what they need to be doing. I'm proud about that. We elect them to work for us on our behalf and so I think it pleases me a great deal that they're looking for our interest and best welfare," said local El Pasoan Bettina Boyd.