City Public Service of San Antonio

  • Overview

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 741,000 electricity customers and 331,000 natural gas customers, the utility operates in a 1,514-sq.-mi. service territory. CPS Energy also has a generating capacity of more than 5,000 MW from its 16 fossil-fueled power plants and its ownership interests in the 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.

Geographic Reach

CPS Energy serves customers in Bexar County and portions of Atascosa, Bandera, Comal, Guadalupe, Kendall, Medina, and Wilson counties.

Financial Performance

In fiscal year 2012 CPS Energy's revenues decreased by 3% due to a decline in electric sales (caused by mild temperatures crimping demand) and decreased fuel recovery revenues. This was partially offset by higher wholesale revenues due to the addition of the Rio Nogales plant, and stronger gas sales due to fuel recoveries as a result of a lower fuel costs. 

CPS Energy's net income decreased by 90% in fiscal year 2013 due to lower revenues, an increase in energy efficiency and conservation costs, and higher depreciation and amortization expenses. Community Infrastructure and Economic Development Fund distributions also contributed to the lower net income that year.

Strategy

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 (including 40,000 in 2011) 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.

Company Background

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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City Public Service of San Antonio


145 Navarro St
San Antonio, TX 78205-2986
Phone: 1 (210) 353-2222
www.cpsenergy.com

STATS


  • Employer Type: Government Owned
  • President, Chief Executive Officer: Doyle Beneby
  • Executive Vice President and Chief Strategy and Technology Officer: Cris Eugster
  • Executive Vice President, Chief Financial Officer: Paula Gold-Williams

Major Office Locations

  • San Antonio, TX
  • San Antonio, TX