Earlier today, the CPS Energy Board of Trustees selected San Antonio native and attorney John Steen to become its newest trustee. Steen, if approved by the San Antonio City Council on Feb. 18, will replace outgoing trustee Nora Chavez.
“John is and has always been heavily involved in our local community. He’s worked to improve lives through education, community development, public safety, housing and a variety of other areas. I have no doubt he will bring this same passion and commitment to the energy sector,” said Ed Kelley who today replaced Chavez as Board Chair.
“Nora has accomplished much during her tenure and will be missed. The value and financial expertise she contributed to the Board cannot be understated. On behalf of the Board, I thank her for her five years of service.”
Steen, who previously served as the 108th Texas Secretary of State, and as a commissioner of the Texas Department of Public Safety, is a Princeton University graduate who received his juris doctor from the University of Texas Law School. He owns his own law firm and is an active member of several community organizations and boards, including:
- Texas Higher Education Coordinating Board
- University of Texas at San Antonio Development Board
- P16Plus Council of Greater Bexar County
- Texas Department of Public Safety Foundation
- World Affairs Council of San Antonio
- San Antonio Academy
- San Antonio Livestock Exposition, Inc.
Along with Kelley, Steen will join two other independent Board of Trustees, Northwest Vista College economics professor Dr. Homer Guevara and Freeman Coliseum Executive Director Derrick Howard. Additionally, as San Antonio’s City Mayor, Ivy Taylor serves as an Ex-Officio Trustee. Steen’s first Board meeting is expected to be on Feb. 29.
Currently, the Board’s major focus is to select a new CEO to lead the nation’s largest municipally owned electric and gas utility. The five-member Board sets policy and works with management to oversee business operations. CPS Energy generates more than $2 billion in revenues annually, and returns up to 14 percent, or over $300 million a year, to the City of San Antonio.
CPS Energy is the nation’s largest municipally owned natural gas and electric company, providing service to 772,000 electric and 337,000 natural gas customers in the Greater San Antonio area. With our AA+ credit rating, one of the best in the industry, we offer best in class reliability and one of the lowest rates among the top 10 largest U.S. cities. We recognize our role as a community partner and are continuously focused on job creation, economic development and educational investment. Powered by our people, our investment in the community is demonstrated through our employees’ generosity in giving $1.1 million to United Way. We are also committed to investing in clean energy, ranking number one in Texas for solar generation and among the top wind energy buyers in the nation. For more information, visit newsroomp.cpsenergy.com.