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.
Almost Half Of San Antonio Lost Power During Winter Storm; CPS Circuit Map Shows Affected Areas tpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tpr.org Daily Mail and Mail on Sunday newspapers.
CPS Energy Launches Global RFP For Next Phase Of Conservation & Energy Efficiency Programs To Help More Customers
Utility to blend more Tried & True programs with New & Innovative solutions for San Antonio
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SAN ANTONIO, March 1, 2021 /PRNewswire/ CPS Energy, the largest municipally owned, fully-integrated electric and natural gas utility in the United States, formally launched a Request for Proposals (RFP) for conservation and energy efficiency programs to develop the next phase of its award-winning Save for Tomorrow Energy Plan (
STEP). The
FlexSTEP
SM RFP seeks to blend more Tried & True programs with New & Innovative solutions through a global outreach effort. The utility s business approach is to think global while acting local, and that approach will remain consistent with the
CPS Energy Launches Global RFP For Next Phase Of Conservation & Energy Efficiency Programs To Help More Customers prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.