CPS Energy's strategy for San Antonio good for ERCOT grid

CPS Energy CEO Rudy Garza closed a deal on three natural gas power plants on Wednesday, is scrambling to build new transmission lines from South Texas and needs to hit San Antonio’s climate targets by 2030, all while providing affordable energy to America’s lowest-income major city. In other words, the boss at one of the nation’s largest city-owned utilities must solve all the problems facing the Texas grid, only on a smaller scale.

“I'd like to see some of those regulatory policies get a little more mature before I decide whether to ask my customers to spend a billion dollars for a massive 600 megawatt gas plant,” he said. “I can live with taking a risk for 25 years. I'm not sure I'm gonna take on that risk for 50, because we already did that with coal plants, and we lost.

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