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The requirement for solving nonlinear algebraic equations is ubiquitous in the field of electric power system simulations. While Newton-based methods have been used to advantage, they sometimes do not converge, leaving the user wondering whether a solution exists. In addition to improved robustness, one advantage of holomorphic embedding methods (HEM) is that, even when they do not converge, roots plots of the Padé approximants (PAs) to the functions in the inverse-$α$ plane can be used to determine whether a solution exist. The convergence factor (CF) of the near-diagonal PAs applied to functions expanded about the origin is determined by the logarithmic capacity of the associated branch cut (BC) and the distance of the evaluation point from the origin. However the underlying mechanism governing this rate has been obscure. We prove that the ultimate distribution of the PA roots on the BC in the complex plane converges weakly to the equilibrium distribution of electrostatic charges on a 2-D conductor system with the same topology in a physical setting. This, along with properties of the Maclaurin series can be used to explain the structure of the CF equation We demonstrate the theoretical convergence behavior, with numerical experiments.