El Paso Electric 2025 Texas base-rate case
57568 · Opened Jan 27, 2025
Open
commission consideration
El Paso Electric Company
TX · electric
| Effective date | Proceeding | ROE | Common equity | Rate base |
|---|---|---|---|---|
| Jan 27, 2025 | El Paso Electric 2025 Texas base-rate case 57568 · Historical test year ended September 30, 2024 · Electric | 10.7% Utility request · Jan 27, 2025 | 56.4% Utility request · Jan 27, 2025 | $3.6B Utility request · Jan 27, 2025 |
| Sep 15, 2022 | El Paso Electric 2021 Texas base-rate case 52195 · Historical test year ended December 31, 2020 · Electric Compare stagesROE Utility request 10.3% → Authorized 9.35% Common equity Utility request 51% → Authorized 51% | 9.35% Authorized · Sep 15, 2022 | 51% Authorized · Sep 15, 2022 | — |
| Metric | Date | Stage | Value | Scope |
|---|---|---|---|---|
| Common equity ratio | Sep 15, 2022 | authorized | 51% | PUCT-authorized regulatory equity capitalization; 49% long-term debt and 51% equity. |
| Common equity ratio | Jun 1, 2021 | utility request | 51% | El Paso Electric requested regulatory equity capitalization. |
| Overall rate of return | Sep 15, 2022 | authorized | 7.5% | PUCT-authorized weighted average cost of capital, effective November 3, 2021. |
| Overall rate of return | Jun 1, 2021 | utility request | 7.99% | El Paso Electric requested overall rate of return. |
| Annual revenue change | Sep 15, 2022 | authorized | $5.15M/year | PUCT-authorized net Texas base-rate and non-firm annual revenue increase. |
| Annual revenue change | Jun 1, 2021 | utility request | $69.7M/year | Original requested increase in Texas retail non-fuel revenue requirement. |
| Annual revenue change | Jun 1, 2021 | utility request | $41.8M/year | Requested net Texas base-revenue increase after accounting for DCRF and TCRF revenues. |
| Return on equity | Sep 15, 2022 | authorized | 9.35% | PUCT-authorized return on common equity, effective November 3, 2021. |
| Return on equity | Jun 1, 2021 | utility request | 10.3% | El Paso Electric requested return on common equity. |
| Common equity ratio | Jan 27, 2025 | utility request | 56.4% | El Paso Electric requested equity capitalization. |
| Overall rate of return | Jan 27, 2025 | utility request | 8.36% | El Paso Electric requested overall rate of return on rate base. |
| Rate base | Jan 27, 2025 | utility request | $3.6B | El Paso Electric asserted total-company rate base, rounded in the PUCT preliminary order. |
| Annual revenue change | Jan 27, 2025 | utility request | $129M/year | Overall requested annual retail base-rate and miscellaneous revenue increase. |
| Annual revenue change | Jan 27, 2025 | utility request | $83.47M/year | Net requested annual increase after resetting existing DCRF and GCRR revenues in this proceeding. |
| Return on equity | Jan 27, 2025 | utility request | 10.7% | El Paso Electric requested return on common equity. |