CPS ENERGY PRESIDENT & CEO PAULA GOLD-WILLIAMS ANNOUNCES EARLY 2022 DEPARTURE

Board of Trustees announces executive search committee

October 20, 2021 (San Antonio) – Today, CPS Energy President & CEO, Paula Gold-Williams, has informed the Board of Trustees of her plans to leave the company in early 2022. Gold-Williams will work cooperatively with the Board of Trustees through this transition.

“The Board of Trustees thanks Ms. Gold-Williams for her dedicated tenure as President & CEO of CPS Energy,” said Board Chair Dr. Willis Mackey. “We are confident that Ms. Gold-Williams will continue to provide excellent guidance to her employees and the company as we go through this transition period. Board members are committed to a thorough search to fill this vital role. We expect to have additional information about next steps in the coming days.”

“I am thankful to CPS Energy’s 3,000 exceptional energy experts who have never wavered in serving our customers and our entire Greater San Antonio community,” said Paula Gold-Williams, outgoing President & CEO of CPS Energy. “I am so appreciative of how all our employees work collaboratively 24/7/365 to serve, while leading innovative initiatives like our Flexible Path strategy that will have tremendous benefits for our community for years to come.  I will continue to work constructively with the Board and our senior leaders to ensure a thoughtful and productive transition.”

The Board will form an executive search committee for a new President & CEO and will update the public once that information is finalized.

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. True to our People First philosophy, 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.

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