DEPARTMENT: Finance
DEPARTMENT HEAD: Ben Gorzell, Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
CPS Energy briefing on summer readiness and the customer conservation campaign
SUMMARY:
A briefing by the President and CEO of CPS Energy on summer readiness and the customer conservation campaign
BACKGROUND INFORMATION:
This briefing is part of the ongoing process of keeping Council informed of the activities of the City owned utilities. Starting in January 2018, CPS Energy and the San Antonio Water System (SAWS) began providing status reports to Council in alternating months.
CPS Energy is the nation’s largest municipally owned energy utility providing both natural gas and electric service. It serves more than 805,000 electric and 344,000 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.
ISSUE:
For this item, Paula Gold-Williams, CPS Energy’s President and CEO, will provide an overview of the ERCOT summer market outlook. This presentation will cover aspects of the market related to peak demand, generation resources, and how CPS Energy and renewables will play a significant role towards reliability; as well as discuss customer program options to save energy and reduce electrical demand.
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.