Today, District 7 City Councilman Cris Medina expressed optimism that CPS Energy is taking positive steps towards reforming critical functions in a way that will reduce the requested rate increase and improve customer service.
Medina stated, "I am pleased with the progress we are making with CPS Energy. Today's presentation makes it clear that the leadership of CPS Energy has gotten the message that the executive bonus program needs to be reformed. This is a huge victory for ratepayers."
During the CPS Energy presentation at Council's A Session, CEO Doyle Beneby indicated a renewed effort to find efficiencies, further reform the executive bonus program, improve customer service, increase small and minority business participation in CPS contracting, and increase funding for assistance programs for San Antonio families who are having trouble paying their bill.
"I agree that we need to plan for future generation needs, invest in our infrastructure, and keep a high bond rating" Medina continued. "But, I want to make certain that we practice due diligence and take every step to ensure that CPS remains one of the best municipally-owned utilities in the country."
Councilman Medina will host a town hall with CPS Energy on the proposed rate increase and overall operations on Monday, Oct. 14, from 6 – 8 p.m., at St. Mary’s University AT&T Center for Information Technology. Council will take final action on Thursday, Nov. 7.
Medina concluded, "This is an important process so that ratepayers have full transparency and confidence in the actions and operations of CPS Energy."