CPS ENERGY’S BOARD OF TRUSTEES APPROVES CONTRACT TO MODERNIZE THE UTILITY’S SOFTWARE SYSTEMS
New integrated technology platform will benefit customers and streamline operations as part of CPS Energy’s Vision 2027 strategic objectives.
April 22, 2024 (San Antonio, TX) — The CPS Energy Board of Trustees voted to approve a contract selecting Oracle America, Inc. as the vendor for the utility’s new Enterprise Resource Planning (ERP) platform. This announcement marks a milestone in CPS Energy’s efforts to modernize its 20-year-old business operating system with Oracle’s integrated utility platform. The approved contract for the software is valued at $70 million and serves as another step in achieving the utility’s promise to invest in critical areas with funds from the recently approved rate increase.
“We are excited to accelerate our digital transformation journey,” said Rudy D. Garza, President & CEO of CPS Energy. “This pivotal step begins the process to revolutionize our internal operations and most importantly, continues our path to provide our customers with more options for how they use our services and do business with us.”
Laying this foundation over the next few years will enable more personalized experiences with customers, expand customer self-service and payment options, and meet community commitments for bill and rate redesign.
CPS Energy will streamline its operations by using Oracle’s utility software to integrate real-time data from finance, supply chain, human resources, administrative, and customer service into a single platform. This technology will create more visibility across all the utility’s divisions, resulting in better analytics, improved operational efficiencies, and more resilient and reliable technology.
“CPS Energy was looking for a proven technology partner to modernize its business and deliver the best possible outcomes for its customers, employees, and communities,” said Safra Catz, CEO of Oracle. “The combination of Oracle’s vertical industry solutions and Fusion Cloud Applications, all running on our secure Oracle Cloud Infrastructure (OCI), will provide CPS Energy with the performance, intelligence, and insights required to drive transformation at scale and generate winning results at every level of the business.”
In addition, CPS Energy’s crews will benefit from the newest field service management tools that will help auto-schedule and dispatch workers faster throughout the service area and improve service restoration times. Oracle’s software will also allow the utility to better track, visualize, and analyze the performance of its assets and maximize the return on investment of capital projects.
The utility’s outdated software infrastructure will be replaced and funded by the 4.25% rate increase that went into effect on February 1, 2024, following community input and approval by the Board of Trustees and San Antonio’s City Council. Beyond the investment in technology, CPS Energy’s rate increase will cover costs to upgrade aging physical infrastructure, invest in more system reliability, physical and cyber security as well as workforce planning.
To learn more about the utility’s ERP transformation program, click here. To learn more about CPS Energy’s Vision 2027, click here.
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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 930,114 electric and 381,379 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 $9 billion in revenue for the City of San Antonio for 80 years. 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.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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