SPONSORED: As a municipally owned utility, CPS Energy provides funding to the City of San Antonio that covers about 27% of the city’s budget each year.
Eighty years ago, the City of San Antonio purchased CPS Energy, which had already been providing power to the community for about eight decades.
Those annual payments have provided essential dollars that, if CPS Energy weren’t publicly owned, would have to be made up through higher property taxes and municipal fees. The rates charged by the utility cover the cost of providing safe and reliable electric and gas services, maintaining the utility’s infrastructure — the plants that generate power, the pipes that move gas and the wires that transmit electricity. The rates also cover the cost of investments in system improvements, designed to make services for the customer better.
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