DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott, Deputy Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Consider approval of a new CPS Energy product offering, the Large Commercial Power - Green Tariff (Green Tariff).
SUMMARY:
The Green Tariff is a new product offering, designed to provide flexibility for customers to achieve their renewable goals, while isolating the risk of the renewables to the individual customer.
BACKGROUND INFORMATION:
CPS Energy is owned by the City of San Antonio and is governed by a five-member Board of Trustees with the Mayor serving as an ex-officio member. The City Council exercises its oversight of CPS Energy through the approval of rates and charges, authorization of debt issuances, approval of all condemnations, and the confirmation of the appointment of all Trustees except the Mayor. This item is a request for approval of rates.
Over the next few months, CPS Energy is bringing forward several tariff recommendations to stay current with customer trends and interests. CPS Energy strives to provide new products to customers to ensure options are available locally, similar to those offered in other Texas markets, making San Antonio economically attractive to existing and new customers.
The first tariff recommendation is the Green Tariff, which is designed to meet diverse energy requests from customers, specifically, large commercial customers. CPS Energy continues to look for innovative ways to offer customers new products that align with customer values and community goals, while also protecting and enhancing the community's investment in the electric infrastructure.
CPS Energy has many tariffs which support customer needs and recover costs of service. A tariff sets out a pricing structure used to calculate rates and charges in a customer utility bill. Each of these tariffs allows CPS Energy and the customer to clearly see a set schedule of fees designed to recover the cost of provi...
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