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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San Antonio will send future windfalls back to CPS Energy, hopes to mitigate rate hikesSan Antonio City Council members appear to be on board with a plan to return money to CPS Energy when the utility’s payments to the city far exceed expectations.
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San Antonio plans to stave off CPS Energy rate hikes by selling more to Texas gridThe city is selling more energy on Texas' wholesale market, which could help shore up the utility's infrastructure and avoid rate increases.
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Future San Antonio budget windfalls could hold down CPS rate hikesMost of CPS' revenue surpluses will go back to the utility and some will go toward combating climate change.
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San Antonio City Council to consider expanding income eligibility for energy assistance programCity Council will decide if the CPS Affordability Discount Program will lower bills to more families who qualify.
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