El Paso city Rep. Cortney Niland says El Paso Electric’s rates and profits are too high.

El Paso Electric CEO David Stevens disagrees.

Niland wants the city and the Texas Public Utility Commission to open a new rate case to get electric rates reduced, and the city franchise fee further increased.

In light of Niland’s concerns, we asked Stevens to address some of them.

Q: Are El Paso Electric’s rates, which were increased last year, too high?

A: Since everyone (city of El Paso, Texas Public Utility Commission, Texas Attorney General’s office, and industrial customers groups) agreed to the (rate) settlement, I can only believe all parties believe our rates are fair and reasonable.

Read the full Q&A at MENAFN.com