Starting In February, The Average CPS Energy Customer Will Pay $4.68 More
The San Antonio City Council approved CPS Energy's proposed rate increase of 4.25 percent. With support from a majority of the city council, the average CPS Energy customer will be paying $4.68 more on their monthly bill.
The utility initially asked for a 4.75 percent increase, but later lowered it after concerns surfaced over the utility's employee incentive program.
CEO Doyle Beneby told the city council he wants to reduce the program even more, with a recommendation of cutting the incentive program's budget by half in 2015 and 2016.
Council members Rebecca Viagran in District 3 and Carlton Soules in District 10 opposed the increase, which takes effect on Feb. 1. There was no one filling the District 9 council seat at the time of the vote.