City of San Antonio - File #: 20-2522

• File #: 20-2522
• Type: Staff Briefing - Without Ordinance
• In control: City Council Special Meeting
• On agenda: 3/19/2020
• Posting Language: Briefing by CPS Energy regarding its approach on (1) managing the community’s energy utility assets; (2) responding to the evolution of the energy industry through innovative solutions; (3) developing and enabling new & emerging technologies that deliver value to customers & community; (4) ensuring financial stability through investments in Reliability, Customer Affordability, Safety, Security, Environmental Responsibility and Resiliency; and (5) impacts of the COVID-19 health event. [Paula Gold-Williams, CPS Energy President and CEO]

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott, Deputy Chief Financial Officer


COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

A briefing by Paula Gold-Williams, President and CEO of CPS Energy, regarding CPS Energy's approach delivering reliable, value-added electric & gas services that customers expect and deserve.


SUMMARY:

A briefing by President and CEO of CPS Energy (1) on the global energy industry; (2) providing insight and context on their changing financial landscape; (3) the way utilities sequence future energy capacity solutions; (4) how the FlexPOWER Bundle will help implement a diversified solution to support all its customers' needs & expectations using a blended approach; and (5) to discuss innovative products & services based on customer feedback. This approach will ensure the Financial Stability of CPS Energy through investments in Reliability, Customer Affordability, Safety, Security, Environmental Responsibility and Resiliency.


BACKGROUND INFORMATION:

This briefing is part of the ongoing process to keep the San Antonio City Council informed about the activities of the City-owned utilities.

Established in 1860, CPS Energy is the nation's largest municipally-owned electric and gas utility, providing reliable affordable and safe service to 840,750 electric and 352,585 natural gas customers in San Antonio, Bexar County 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, authorization of debt issuances, approval of all condemnations, and the confirmation of the appointment of all Trustees except the Mayor.


ISSUE:

This item is a briefing by the President and CEO of CPS Energy to discuss how the utility explores energy landscapes on a global scale (think global, act local) with a focus toward applying tech...