San Antonio s CPS Energy racks up $2 5 million in legal fees from suits over February winter storm sacurrent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sacurrent.com Daily Mail and Mail on Sunday newspapers.
CPS considering rate increases that could boost customer s bills as much as $15 per month
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Fred Bonewell, left, CPS chief security, safety and gas solutions officer, reviews sketches with Richard Medina, CPS vice president of grid transformation and engineering at a power substation. CPS is part of a collaboration between Joint Base San Antonio, the city and dozens of other organizations working to strengthen the grid against threats from electromagnetic disturbances.Photo courtesy CPS
CPS Energy officials said the city-owned utility’s financial struggles, including unpaid bills and debt from the February winter storm, are pushing it to consider a rate increase that could boost customer’s bills from $10 to $15 each month.
Apr 20, 2021
CPS Energy will soon continue the practice of disconnecting service to customers with unpaid balances. The utility suspended disconnections in March of last year, when the pandemic came to town. Since January, 170-thousand CPS customers are 30-days past due, adding up to 93-million-dollars in uncollected bills. That compares with about 39-million last year. President and CEO Paula Gold Williams told the CPS Board of Trustees on March 29th that disconnects could resume as soon as late spring or early summer.
Photo: Getty Images
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Posted By Sanford Nowlin on Fri, Mar 5, 2021 at 5:02 PM CPS Energy CPS Energy CEO Paula Gold Williams speaks during an energy symposium. CPS Energy customers won t see any charges on their February bills related to last month s winter storm, the city-owned utility said. In a statement released Friday, CPS officials said it will begin releasing electronic and paper bills Monday, although some customers may not see theirs until after Saturday, March 13. The announcement follows a board meeting this week at which CEO Paula Gold-Williams warned that the CPS is grappling with $1 billion in expenses from fuel and wholesale electricity purchases during the historic weather event.