CPS Energy

Utility leaders said they expect a warmer winter than normal but that they are 'still prepared for worst case.'

The REAP maximum benefit for Bexar County residents outside of San Antonio will increase from $400 to up to $1,200. The income qualification criteria for the Federal Poverty Level will also change from 125% to 150%.

The report detailed how the utility increased energy reliability, maintained financial stability, and improved customer experience in 2023.

South Texas this summer is delivering extreme weather events and higher temperatures. How is CPS prepared for this? Aside from the hotter days and longer heat waves, how are growing development, data centers and bitcoin mining impacting the local demand for power?

President and CEO Rudy Garza said the power provider will be transparent in its communication with its 930,000 electric customers in the San Antonio area.

The deal will add 1,710 megawatts of power to the CPS Energy generation porfolio. The utility said this will help add critical capacity and retire older gas units.

The city-owned power company reported the typical customer will see an average $4.45 monthly increase — or an annual increase of more than $53.

The council passed the increase in a 8-3 vote with council members Teri Castillo, Marc Whyte, and Jalen McKee-Rodriguez voting against the measure.

The rate hike is down from the utility's initial forecast of a 5.5% increase, and it's estimated to generate $85 million.

District 6's Melissa Cabello Havrda filed a Council Consideration Request (CCR) this week that would modify the city's 14 percent draw from CPS Energy amid strains in the state's power grid this summer.