- NETSTREIT Corp. Announces Pricing of Upsized Forward Common Stock Offering
- Gulfstream Legal Group Announces 2022 eDiscovery Webinar Series
- NuStar to Participate in the 2022 UBS Winter Infrastructure & Energy Conference
SAN ANTONIO (January 7, 2022) – Today Councilwoman Melissa Cabello Havrda sent a formal request to CPS Energy Interim CEO, Rudy Garza, and the CPS Energy Board of Directors, requesting the municipally-owned utility to conduct a third party audit and provide a public budget and processes document that examines, in detail, the organization's finances and management practices.
CPS Energy has asked the City Council to approve a rate request that would increase its base rate by 3.85 percent.
This has been the subject of a community-wide conversation for several months, and three things have become clear: there is a palpable lack of community trust toward CPS Energy; the COVID pandemic and Winter storm Uri have placed CPS Energy in a challenging financial position; and there is an urgent need for critical infrastructure upgrades.
More on Txylo.com
- San Antonio: District 6 Councilwoman Announces More COVID-19 Testing to Meet Increased Demand
- San Antonio: List of COVID-19 Vaccine Pop-up Clinics for January 15 - 22
- 456 Collectors Club Presale Sold Out: Worlds First NFT Art Club Makes History
- Governor Abbott, TDEM Ready State Resources In Response To Elevated Fire Weather Throughout Texas
- Stellus Capital Investment Corporation Announces First Quarter 2022 Monthly Dividends
"In a municipality-owned utility, it is the rate payers who carry the burden of setting standards and providing the monetary means to meet expectations through paying their utility bill," said the Councilwoman, who sits on the Council's Public Utilities Committee. "CPS Energy is a community asset and we must work together to achieve a delicate balance of trust and accountability."
CPS Energy leadership has stated that in 18 months the utility will have a plan to close its two coal-powered generators; that the rate increase will provide infrastructure upgrades; that it'll pay for the costs incurred during Uri; that the most vulnerable citizens will not endure an unfair cost burden; that San Antonio will be better for it; and that we should trust that all of these things will happen.
The CPS leadership has a challenge before it to regain the community's trust, yet there is no doubt that Rudy Garza and his management team can provide the leadership and cultural changes that need to happen.
"There's an adage that says 'Trust in God, but tie your horse,'" said the Councilwoman. "I've listened to constituents and to the reasoning for a rate increase. I am considering voting in favor of the request but will do so with the transparency of an exhaustive audit and the scrutiny to the Public Utilities Committee. In the end it's a delicate matter of openness and transparency."
Latest on Txylo.com
- Texas Wins Three Deal Of The Year Awards From Business Facilities
- LUKOIL Selects Lummus Ether and Alkylation Technologies for its Operations in Perm, Russia
- Apex Fintech Solutions Data Shows Gen Z's Growing Support for the Metaverse and Climate Forward Initiatives in Fourth Quarter 2021
- LyondellBasell to Discuss Fourth Quarter Results on Friday, January 28, 2022
- Qarbon Aerospace Becomes Member of the Vertical Flight Society (VFS)
- Spirit Realty Capital, Inc. Announces Pricing of an Upsized Public Offering of 8,200,000 Shares of Common Stock
- Gelesis®, the Maker of Plenity® for Weight Management, Will Debut as a Publicly Traded Company Following the Closing of Its Business Combination with Capstar
- San Antonio: District 10 Councilman Votes Against CPS Rate Increase
- San Antonio: District 6 Councilwoman Supports the CPS Energy Rate Change with a Call for a Detailed Audit
- San Antonio: District 5 Councilmember on Decision to Vote No on CPS Energy's Rate Increase
- San Antonio: DISTRICT 2 COUNCILMAN VOTES NO AND REQUESTS CPS AND SAWS RATE FREEZE FOR SENIORS AND PERSONS WITH DISABILITIES
- San Antonio: District 7 Councilwoman's Statement on CPS Energy Rate Increase
- San Antonio: District 3 Councilwoman and City Council move to approve 3.85% rate increase
- San Antonio: District 8 Councilman issues statement on City Council vote to approve CPS Energy Rate Request
- Nation's Top Producing Exclusive Buyer Agent Creates Real Estate Team
- NETSTREIT Corp. Announces Closing of Forward Common Stock Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
- Texas: Governor Abbott Announces $10 Million In Spaceport Trust Fund Grants
- San Antonio: City Council Approves New Affordable Loma Vista Apartments in District 5
- San Antonio: Hiplet Ballerinas
- Mitochondria Gallery Presents "dawn," A Solo Exhibition By Sesse Elangwe