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San Antonio could send money back to CPS Energy in windfall years

A proposal to stave off future CPS Energy rate increases by taking a smaller cut of its revenues has evolved into a smaller-scale plan to send money back to the utility only when its revenues far exceed estimates. City staff say the idea won’t prevent a rate increase, but it could mean those increases are smaller than they would be otherwise. ....

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San Antonio once again increases homestead exemption

San Antonio once again increases homestead exemption
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San Antonio City Council rejects Wells Fargo after banking violations

San Antonio City Council rejects Wells Fargo after banking violations
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CPS Energy rebate may be dead as city council wants other options for $50M surplus revenue

The city of San Antonio has revised its proposal to return $50 million in unanticipated CPS Energy revenue this summer, but most of the city council doesn’t seem to be in favor of it. Instead, many council members want to see what else it could be used for with suggestions for weatherization, climate change protection and new funding mechanisms for sustainability. ....

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Grand Hyatt hotel is up for sale after San Antonio City Council approval

One of San Antonio’s tallest hotels is getting a new owner. After opening in 2008 and facing financial shortfalls during the pandemic, the Grand Hyatt is expected to be sold to a nonprofit while Hyatt will still manage its operations after the city council approved the arrangement in a 7-0-3 vote Thursday. ....

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