I just can't take it anymore! How stupid can
ElPaso Energy be? How dare they come over to San Antonio
and tell us that the cost of living is comparable to
living in Houston. Do they actually believe that were
stupid enough to believe that. I mean come on don't they
know that we've been working overtime on the internet
for the last year researching ever possible scenario
and checking out everything from the cost of homes,
food, insurance, not to mention the crazy commute
times. Sure it's comparable if you live 50 miles out but
then you end up working a minimum of 2 hrs more a day.
Yeah ElPaso that's what I want to do! Move to Houston
& have to pay more out of my pocket for insurance,
housing, food, & be away from my family 2 more hours a
day, All just to say I work for El Paso Energy. "I
DONT THINK SO". In fact I just can't believe that
anyone would go! I believe the only folks that are
willing to go are the ones that might be close to the
retirement age and need to hang on for 5 years or so and the
others simply don't have any skills and are worried
about trying to market themselves on the open market.
To all my colleague's, think about this scenario.
Lets just say that the only place on the earth to find
a job is in Houston. Why wouldnt you take the years
pay (if applicable) and go to work for Enron, Reliant
or one of the other majors and start over fresh! All
you be losing is a few weeks of vacation! And if your
good enough you might not even loose that!
wish EPG would come out with their business statement.
It would probably go like this! "We here at ElPaso
like to pay our employee's middle scale of the
industry but work them as if were the best, have great
moral and a competitive workplace while providing you
the general public adequate if not comparable
There I said it!
Merry Christmas:-) baaaaa
Good question: Prior to a merger of this size
Wall street anaylists do what is called Influxing of
the company. This means the stocks are bottom lined
with the price of inflation. The investors drop the
stock to make a quick profit and wherein the stocks
plummet for a short time. We are in the final steps of
this merger and the stocks will shortly drop hard and
fast. When the anaylists make all there money they will
let company investors buy back some of the stocks
back at a lower price. This will lessen the capitol
gains taxes they are responsibly for. In short they and
the big shots of the company win again. The chimps as
they say are in the streets again.. I hope that
explained this in short.
Here is what I do not understand. Electricity is
getting more and more scare, e.g. California issues last
week. This should be good for natural gas and
increasing customers, natural gas prices are rising. There
is a significant cold front from Alberta on its way
to the US and will freeze most everything in the
lower 48 yet this stock is losing ground. Why? Anybody
got a theory???
Boyco..., have you been talking to Olivia? I
heard the commute is not that bad (20-15 miles). Homes,
food, etc. are the same depending on where you shop -
even less if you go to Sams. If you take into account
the cash you'll get for relocation expenses, you will
win and you will still be in the Great state of
Texas. The ones complaining should be those moving from
ELP TX to Colorado Springs. That's a cost of living
difference. Add state taxes to your list. But then again they
are probably getting a generous adjustment. Who
oh, and EPG does have a business
statement. See http://www.epenergy.com/about/ and click on
Hope you can find a job in San
Antonio next to your house. Good luck to you.
Dear Elptxman: First off I'd like to say that I
like Houston. It has lots of things to offer such as
excellent museums, restaurants, arts and cultural
opportunities that are not available in El Paso (I know -- I
grew up in that area). However, if you plan to commute
from 15 - 20 miles out, you will need to allow about
an hour each way. Sorry - the traffic flows are bad.
Many people leave there homes by 5:45 am in order to
avoid some of the traffic. If you are looking at a
house in the suburbs I highly suggest that you try and
drive what would be your path to work DURING your
commuting hours to see if you think you can live with the
traffic. One note: we do have a public bus system and High
occurpancy vehicle lanes (for car-poolers) that can
significanty help lessen the traffic head aches.
you plan on living in a fairly good neighborhood with
a 15 - 20 minute commute, be prepared for housing
sticker shock. For instance, homes in Bellaire run about
150,000 for a 3 bed, 1 bath bungalow. Many of those are
being torn down but the new houses going up are in
excess of $450,000. There are other close by areas but
the costs are definitely higher than the houses
further out. Also, Houstons' property tax rate of nearly
$3.00 / $100 assessed value came as somewhat of a shock
to me. Am not sure how high El Paso's rates are
these days. Another cost that is substantially higher
is car insurance (Harris county is behind New York
City and Chicago in this area - you can check out your
rates and your needs with your agent).
I am not
trying to paint a gloomy picture for you -- as I said --
there are lots of pluses too. Just be prepared. In my
opinion there is definitely a cost of living increase
when coming from El Paso to Houston.
Boy where have you been living? Don't you think
we have a Sam's here and it dosnt pay to shop there
as well unless you 4 or more in your family, Yeah
that's all I need is 2 gallons of mayo, 4 pounds of
coffee and 600 slices of bacon. Do me a favor! I live 4
miles from our office and live in a real nice
neigborhood and my home cost $92,000 could you see if you
could find me one for the same price within 5 miles.
I'll tell you what I'll even give you a 10% cushion.
If you find one I bet it will need $100,000 worth of
work. Anyone wanting to drive to work's going to have
to pay a minimum of $100 or more for parking so
there's a cost of living raise there alone, yeah I know
what your going to say (ride the bus) and I realize
that is a option, But I'm like to compare apples to
apples (quality of life were I was to the place my
Company or I should say YOUR Company wants me to move
Your right the El Paso folks are getting it stuck to
them even more and the word is that their not going to
get a cost of living raise as well. I believe they'll
get a 30% bonus of their base pay which gets lowered
over a 3 year period.
Texas is a Great State I
agree (born and raised)& thanks for the kind words and
yes I've already found a job and it's even closer to
my home for the same money. NO BS!
to you with your El Paso career!
If you think the situation looks bleak based upon
what you currently know, just wait until the merger
has finalized. Then you will discover, after you have
lost your sick time and have surrendered up to 5
vacation days to keep the benefits package remotely
reasonable, in any area other than elpaso texas your're
Elpaso's opinion of services that are
fair and customary are those obtainable from a family
physician that will also examine your cattle while working
out of a pickup truck. For those in the north, you're
gonna be paying big bucks!
strange, but we all kinda wondered why we would
use a medical facility in Houston for heart or cancer
problems when we live in michigan. At our benefit meeting
it was stated that these type of treatments must be
handled in Houston. We have some of the best medical
facilities in the world here in the detroit area. I suspect
your right, these benefits are pretty lame. Gee does
YOUR GREAT STATE also have the best medical treatment
market in the country as well? I hardly think so.