San Antonio will send future windfalls back to CPS Energy, hopes to mitigate rate hikes

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For two straight years, unexpected windfalls from CPS Energy revenue left city leaders scrambling to figure out how to spend the money. Staff suggested keeping the 10% variance as a trigger. But instead of having council determine how to spend the extra money each time, it would be automatically split between CPS Energy and the city.

The second prong is the same idea that staff floated in October — an 80/20 split of extra revenue above 10% — but excluding the “off system sales” from the calculations. However, City Manager Erik Walsh believed after the conversation, “we got consensus with some tweaks.”

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