And the award for being the energy distributor for the seventh-largest city in the US goes to City Public Service of San Antonio (also known as CPS Energy). Serving 728,000 electricity customers and 328,000 natural gas customers, the utility operates in a 1,514-sq.-mi. service territory. CPS Energy also has a generating capacity of more than 6,570 MW from its 16 fossil-fueled power plants and its ownership interests in STP's South Texas Nuclear Project, and wind power and solar power projects. As a municipally owned utility, CPS Energy is exempt from retail competition in Texas.
CPS Energy serves customers in Bexar County and portions of Atascosa, Bandera, Comal, Guadalupe, Kendall, Medina, and Wilson counties.
In fiscal year 2014 CPS Energy’s revenues increased by 9% due to a growth in electric sales and higher fuel recovery revenues. The company also benefited from higher regulatory and energy efficiency and conservation cost recoveries and an increase in sales volumes. Gas revenues were also up by $28.4 million thanks to an increase in sales volumes and a higher unit cost of fuel.
CPS Energy's net income increased by 145% in fiscal year 2014 due to higher revenues, and lower STP (nuclear power plant) and operating and maintenance expenses, partially offset by an increase in depreciation expenses, unrealized losses from the change in fair value of investments, higher interest expenses, and an increase in payments to the City.
Pushing renewables to reduce green house gas emissions to meet state and federal standards, CPS Energy is now leading in wind-energy capacity among municipally owned utilities across the US with almost 860 MW of wind energy under contract in 2012 and more planned to come on line that year. The company has a goal of getting 20% of its power from renewable sources by 2020, including 100 MW from solar power. It also plans to cut its customers' demand for electricity by 771 MW by that year. In a major acceleration of its green energy/conservation commitments, in fiscal year 2012, CPS Energy announced plans to deactivate its J.T. Deely Units 1 and 2 coal-fired power plants in fiscal year 2018 instead of the projected dates of fiscal year 2032 and fiscal year 2033.
Looking to reduce both power use and its carbon footprint, CPS Energy is retrofitting more than 1 million electric and gas meters in order to bring them into a smart technology grid to help customers save money and conserve power. It is also encouraging customers to switch to compact fluorescent lights, and has a goal of reducing power demand by 771 MW by 2020.
A venerable company, CPS Energy traces its roots to the 1860s, when its predecessor opened a manufactured gas plant on Houston Street.
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