DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott, Deputy Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
A briefing by President and CEO of CPS Energy on the summer outlook, utility readiness, and expected record setting market usage for summer 2019; the impact of high temperature days and the benefits of a diverse generation portfolio to support customer reliability; finally, an overview of CPS Energy's customer education and awareness campaign and "Energy Weather Outlook" campaign.
SUMMARY:
A briefing by the President and CEO of CPS Energy on:
1. Community Outreach
2. Summer Readiness and Preparation
3. Summer Marketing and Education 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 periodic status reports to Council.
Established in 1860, CPS Energy is the nation's largest public power, natural gas and electric company, providing safe, reliable, and competitively-priced service to 840,750 electric and 352,585 natural gas customers in San Antonio and portions of seven adjoining counties.
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.
ISSUE:
For this item, Paula Gold-Williams, CPS Energy's President and CEO, will provide a presentation which will cover:
1. Community Outreach
2. Summer Readiness and Preparation
3. Summer Marketing and Education Campaign
ALTERNATIVES:
This item is for briefing purposes only.
FISCAL IMPACT:
This item is for briefing purposes only.
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