Support Local Journalism, Join the SA Current Press Club.

CPS Won't Seek a Rate Increase This Year, But Makes No Promises for 2019 

CPS Chief Paula Gold-Williams said the utility won't ask to raise rates this year. - VIA CPS ENERGY'S WEBSITE
  • Via CPS Energy's website
  • CPS Chief Paula Gold-Williams said the utility won't ask to raise rates this year.
CPS Energy won't request a rate hike this year to cover the capital it needs to upgrade facilities and keep pace with San Antonio's rapid growth, officials with the municipal utility said.

Working on its next annual budget, CPS considered asking the city to approve a 4.3 percent rate increase to cover those rising costs. However, CEO Paula Gold-Williams said it was able to free up that money elsewhere.

"What changed my mind is that we have a group that continues to locate ways to save money and reduce costs," she said.

Among other things, CPS was able to reduce health care costs and cut truck rolls to read meters thanks to its smart grid rollout. It's also launched programs aimed at reducing user consumption.

Its last rate increase came in November 2013, when City Council voted to let the utility raise monthly gas and electric bills by 4.25 percent.

But Gold-Williams said the utility has not yet determined whether its cost-containment efforts will help it put off a rate increase for yet another year. That would need to be determined in its next budget process, which ends in January 2019.

"I'd love to find a way to make that happen," she added.

Support Local Journalism.
Join the San Antonio Current Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the San Antonio Press Club for as little as $5 a month.

Read the Digital Print Issue

January 12, 2022

View more issues


Join SA Current Newsletters

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.


© 2022 San Antonio Current

Website powered by Foundation