April 6, 2022 (SAN ANTONIO) – CPS Energy’s Fiscal Year 2023 (Feb. 1, 2022 – Jan. 31, 2023) approved budget is now available online for the public to access and view.
The FY2023 Budget is consistent with the company’s vision and intended goals for this fiscal year which includes:
1. Supporting the growth of San Antonio.
2. Enabling a cost-effective, economy-wide transition to a decarbonized future in support of our community’s Climate Action and Adaptation Plan (CAAP).
3. Enhancing customer programs and accessibility to be a more resilient, reliable and secure electric and natural gas utility.
4. Advancing the ongoing energy affordability dialogue in our community and at the state and federal levels.
5. Creating further transparency and community engagement.
The FY2023 budget contains the same financial outlook and proposed Operation & Maintenance (O&M) and Capital levels reviewed in detail during the recent rate request process. The document also provides additional context on several key focus areas previously discussed with the community including Infrastructure Resiliency, Technology, Growth and People.
“The posting of the budget plan creates accountability for the commitments we have made to our community for increased transparency,” said Cory Kuchinsky, Chief Financial Officer & Treasurer for CPS Energy.
CPS Energy will measure performance against this approved budget and results will be shared monthly online at cpsenergy.com. The Fiscal Year 2023 budget can be found here.
Regular financial reports also are provided to the CPS Energy Board of Trustees. Board meetings are streamed the last Monday of every month, with some exceptions to changes in dates. Board agendas and previously recorded Board meetings can be found here. The public is invited to participate in public comment by pre-registering on Friday’s before each Board meeting from 7:00 a.m. – 1:00 p.m. Public comment can be provided in-person by attending a monthly Board meeting or virtually via WebEx. Registration can be done by phone 210-353-4662 or by email [email protected].
About CPS Energy
Established in 1860, CPS Energy is the nation’s largest public power, natural gas, and electric company, providing safe, reliable, and competitively-priced service to more than 884,811 electric and 366,709 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers’ combined energy bills rank among the lowest of the nation’s 20 largest cities – while generating $8 billion in revenue for the City of San Antonio for more than seven decades. As a trusted and strong community partner, we continuously focus on job creation, economic development, and educational investment. We are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees’ volunteerism in giving back to our city and programs aimed at bringing value to our customers. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation.