"Thanks to growth throughout our community and sound financial management, we haven't had to request many rate increases during the past two decades," said Norma Soliz, CPS Energy senior director of regulatory relations.
"We wish we didn't have to request an increase now, but in response to our customers' requirements, we have committed to major projects that will help ensure reliable service and maintain our enviable position of having the lowest energy bills among the nation's 10 largest cities."Soliz
said CPS Energy
has made large financial commitments as part of the company's Strategic Energy Plan to satisfy the growing community's energy needs for the long run."We continue to add more than 1,000 customers every month," she
"The study of possibly expanding our supply of nuclear-generated electricity will account for less than 1 percent of the proposed 5 percent electric rate increase," Soliz
Revenue from the gas rate increase will help pay for construction to expand and further improve the infrastructure of CPS Energy's
natural gas delivery systems.
"The recommended increases are not about operations and maintenance expenses, although we have made a concerted effort at CPS Energy
to control costs," Soliz
said."For example, through attrition and productivity improvements, we've been able to reduce our work force from 4,300 to 3,800 over the past five years."
To offset the impact of the rate increases on low-income customers, CPS Energy
will recommend an affordability discount for those who meet the guidelines for assistance programs such as REAP
(Residential Energy Assistance Partnership) and Project WARM
.Recipients must be at or below 125 percent of the federal poverty level and experiencing financial hardship.
"Greater San Antonio continues to move forward," Soliz
said, "and CPS Energy
wants to do its part in staying abreast of the community's need for reliable, affordable energy.