DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott, Deputy Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
A briefing by CPS Energy on the results of summer operational performance, the electrification of vehicles and the impact to the San Antonio market, and enabling innovation through new products and service. [Paula Gold-Williams, CPS Energy President and CEO]
SUMMARY:
A briefing by the President and CEO of CPS Energy on:
1. Results of 2018 summer operational performance
2. Vehicle electrification of the San Antonio market, and
3. Discuss the establishment of a pilot New Service Offering (NSO) tariff to offer new innovative service options to CPS Energy's customers
BACKGROUND INFORMATION:
This briefing is part of the ongoing process of keeping Council informed of the activities of the City owned utilities. CPS Energy and the San Antonio Water System (SAWS) provide 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 a presentation which will cover:
1. Results of 2018 summer operational performance
2. Vehicle electrification of the San Antonio market, and
3. Discuss the establishment of a pilot New Service Offering (NSO) tariff to offer new innovative service options to CPS Energy's customers
ALTERNATIVES:
This item is for briefing purpose...
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