With San Antonio in the grips of its hottest summer on record, CPS Energy customers' bills are up roughly 30% year over year.
enacted in March, the mayor implied opportunistic price gouging elsewhere is what’s costing local ratepayers.Sign up to receive The Daily Reach every morning.Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.
Under-regulated gas prices are what left CPS Energy and other utilities around the state on the hook for billions of dollars in the wake of Winter Storm Uri in February 2021. However, the utility is planning to replace some of those lost megawatts with more natural gas units, by converting its Spruce 2 coal unit to natural gas by 2028, and by adding 500 megawatts of “firming capacity” — likely more natural gas — to the utility’s power generation mix over the next 20 years.
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