Embattled CPS Energy President, CEO Paula Gold-Williams will resign in 2022 ksat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksat.com Daily Mail and Mail on Sunday newspapers.
CPS Energy lays out case for double-digit rate increase ksat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksat.com Daily Mail and Mail on Sunday newspapers.
CPS Energy May Soon Propose Double-Digit Rate Increase iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
Back in 2015, CPS Energy’s trustees at the time agreed to split a nearly 7-acre surplus property at the corner of Camden Street and W. Jones Avenue in half, conveying the southern portion to the San Antonio Museum of Art while selling off the northern portion. Now, staring down the barrel of some tough financial straits, including a near-certain rate increase, the utility's current trustees will need to decide if giving away millions of dollars worth of prime, downtown real estate is still the best idea.
/ The new CPS Energy headquarters near McCollough Ave and Broadway
CPS Energy is exploring what officials call a provisional rate increase that could go into effect later this year.
While the rate increase isn’t set in stone, it is on the table, and executives at the utility believe it may be needed. Details have not been finalized but it could be in the range of 6.5% to 9.5% which could mean bills would increase between $9 and about $15 in 2022 if a rate adjustment is approved by the CPS Energy Board of Trustees and San Antonio City Council.
A pause on disconnections during the pandemic and the sky high costs of the winter storm have put the utility in a tight spot.