CPS Energy is committed to partnering with our local, small and diverse vendors when delivering service to our community. During Fiscal Year 2022, spanning February 1, 2021 to January 31, 2022, CPS Energy spent nearly $420 million with firms located in the San Antonio Metropolitan Statistical Area. This figure represents 68% of all purchase order spend remaining within our service area!
In this same timeframe, CPS Energy spent more than $268 million with diverse firms, identified as Small, Minority, Women or Veteran-owned, or a combination of these designations. Nearly half of all purchase order dollars were spent with a company meeting these criteria. This represents an increase of more than 10% in utilization since Fiscal Year 2020, post-pandemic. Minority- and Woman-owned businesses, likewise, represent a significant level of CPS Energy’s total spend accounting for $94 million and $109 million—or a total of 18% and 19% total purchase order spend, respectively. We continue to identify opportunities for adding diverse suppliers with a focus on increasing Minority- and Hispanic-owned contracts to be more in line with our community’s population demographics.
To elaborate, in Fiscal Year 2023 (Feb. 1, 2022 to Jan. 31, 2023), CPS Energy will conduct a Disparity & Availability Study. The related Request for Proposal was released in January 2022. This effort will help us better understand the availability of firms in our market and address areas of overall Minority- and Hispanic-owned spending.
As the study is conducted, CPS Energy’s Supply Chain team remains committed to engage our local, small and diverse vendors through aggressive, targeted outreach, to ensure contract opportunities are made available to all seeking to do business with our organization and contribute to the success of our community.
VIEW: CPS Energy’s Diverse Spend Fiscal Year 2022