Financial Information

Annual Financial Reports

Interim Financial Reports

Offering Documents

City of San Antonio, Texas Electric and Gas Systems Revenue Variable Rate Junior Lien Revenue Refunding Bonds, Series 2026A
City of San Antonio, Texas Electric and Gas Systems Revenue Refunding Bonds, New Series 2026A*
City of San Antonio, Texas Electric and Gas Systems Revenue Refunding Bonds, Taxable New Series 2025A*
City of San Antonio, Texas Electric and Gas Systems Revenue Refunding Bonds, New Series 2025B*
City of San Antonio, Texas Electric and Gas Systems Variable Rate Junior Lien Revenue and Refunding Bonds, Series 2025A*
City of San Antonio, Texas Offering Memorandum New Series Commercial Paper Notes, June 18, 2025
City of San Antonio, Texas, Offering Memorandum Extendible Municipal Commercial Paper Notes, Series A, April 28, 2025
City of San Antonio, Texas, Offering Memorandum Commercial Paper Notes 2023-Updated April 28, 2025
City of San Antonio, Texas, Revenue Refunding Bonds, New Series 2024D and 2024E
City of San Antonio, Texas, Revenue Refunding Bonds, New Series 2024A and 2024C; Revenue & Refunding Bonds, New Series 2024B

Appendix A

CPS Energy is owned by the City of San Antonio. We are the largest municipally owned gas and electric utility, by customers served, in the United States. Fourteen percent of our gross revenues support the overall operating budget of the City of San Antonio's municipal government by providing financial resources for the delivery of core services such as streets and infrastructure, public safety, parks and youth enrichment programs, and libraries.

Thanks to our use of diverse energy sources, our customers in the greater San Antonio metropolitan area pay some of the lowest energy costs in the country. Every day, we strive to find new and innovative ways to maintain the reliability and competitive cost of the services we provide to our growing number of customers.

Annual reports, interim reports, financial summaries and other documents are included on this page to demonstrate our continued exceptional operational and financial performance.

Financial Services Companies, please rely on the Executed IRMA Exemption Letter Certification for purposes of qualifying for the so-called IRMA Exemption provided by SEC Rule 15Ba1-1(d)(3)(vi) December 31, 2025, and a replacement of this document with an updated or amended letter posted on our website.