CPS Energy Presentations to San Antonio City Council on December 1, 2021:
We received approval for a rate increase from our Board of Trustees and the San Antonio City Council to meet our immediate financial needs and maintain financial stability. The rate increase goes into effect March 1, 2022.
$418 million in validated fuel costs, which has already been paid but not recovered, will be spread over time to keep customer bills affordable.
Adjustments to the Affordability Discount Program (ADP) are intended to offset the rate increase for many low income electric and gas customers.
The total average monthly residential bill impact for the approved base rate increase and the undisputed fuel costs is an increase of $5.10. Additional discounts will mitigate the impact to low income customers enrolled in ADP.
We will work with our Rate Advisory Committee to evaluate improvements to our overall rate design and will continue to discuss future investment needs with the community to address preferences for power generation resources, infrastructure upgrades, and customer programs. We are committed to having more dialogue with our community and our owner, the City of San Antonio.
We are committed to having more dialogue with our community and our regulator owner, the City of San Antonio.
The total average monthly residential bill impact for the approved rate increase and the undisputed fuel costs is an increase of around $5.10.
For more information, please use our calculators below to help estimate the monthly bill for your home or small business: