DEPARTMENT: Finance
DEPARTMENT HEAD: Ben Gorzell, Chief Financial Officer, Troy Elliott, Deputy Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
A briefing by the President & CEO of CPS Energy on the status of the utility and several projects and initiatives [Paula Gold-Williams, CPSE President & CEO]
SUMMARY:
A briefing by the President and CEO of CPS Energy on the status of the utility and several projects and initiatives.
BACKGROUND INFORMATION:
CPS Energy is the nation’s largest municipally owned energy utility providing both natural gas and electric service. It serves more than 804,000 electric and 343,000 natural gas customers in and around San Antonio. 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 approval of the appointment of all Trustees except the Mayor.
For this item, Paula Gold-Williams, CPS Energy’s President & CEO, will provide a briefing on the status of the utility and current projects followed by an executive session briefing for competitive/confidential matters as allowed by state law.
This update will include topics such as:
• CPS Energy’s “People first!” philosophy
• Reliability as a core focus
• Customers are our beacon
• Public & employee safety leading to top tier safety achievements
• Support of economic development
• Educational alliances
• Alignment of environmental stewardship vision and community partnerships
• The offering of diverse & beneficial solar programs
• Evolution of the business model
• Smart communities
• Future steps
ISSUE:
CPS Energy will provide an update on the status of the utility and current projects.
ALTERNATIVES:
This item is for briefing purposes only.
FISCAL IMPACT:
This item is for briefing purposes only.
RECOMMENDATION:
This item is for briefing purposes only.