Oracle Signs Proposed Energy Service Agreement With El Paso Electric To Support Construction, Initial Commissioning, Emergency Backup Power For Project Jupiter; Oracle Anticipates Paying $10M For Power Annually For 10 Years

Oracle has signed a proposed energy service agreement with El Paso Electric to support the construction and initial commissioning of Project Jupiter, which includes provisions for emergency backup power. The company anticipates an annual payment of $10 million for power over a period of 10 years. This agreement is part of Oracle's strategy to offset utility costs for its customers.