The utility’s leadership says it wants to exhaust every possible option before hiking rates, but one board member called the numbers “not acceptable.”
President and CEO Paula Gold-Williams said the replacement would help the Spruce 2 coal plant operate for the length of its intended lifespan, which she put at 40 to 60 years.
As renewable energy sources make up more and more of the utility’s power supply, CPS Energy needs to figure out how best to supply electricity when the sun isn’t shining and the wind isn’t blowing.
CPS Energy President and CEO Paula Gold-Williams will receive a 6 percent pay increase starting this month.
Nearly all of the work in the City’s climate action plan originally assigned to UTSA has been passed to Navigant Consulting.
The discussion centered on whether CPS Energy’s 25-year plan is an adequate response to global warming caused by burning fossil fuels.
The groups are calling for an end to fossil fuels in San Antonio’s electricity mix by 2030.
The CPS Energy board on Monday approved a $2.66 billion budget for its current fiscal year, which began in February and will end in January 2019.
CPS Energy officials raised the possibility of rate hikes in the fiscal year that begins February 2019 and ends in January 2020.
At its March board meeting Monday, CPS Energy officials unveiled a $2.66 billion projected budget for the 2019 fiscal year.