CPS ENERGY BOARD OF TRUSTEES TO DECIDE SAN ANTONIO'S FUTURE POWER RESOURCES

SAN ANTONIO - CPS Energy's Board of Trustees is expected to vote on how the utility will power Greater San Antonio through 2030 at a special Board meeting on Monday, January 23, 2023 at 1 p.m. Considering exponential community growth requiring an additional 115 megawatts per year and a commitment to support the City of San Antonio's goal to achieve carbon neutrality by 2050, the Board may approve one of nine power generation options.

The Board's decision will follow the CPS Energy Rate Advisory Committee's (RAC) top selection among the nine options at its December 15, 2022 meeting. The RAC recommended Portfolio 2, which includes a combination of gas, solar, wind and energy storage.

At the direction of the Board, the RAC spent the last year on an educational and fact-finding journey reviewing the utility's current power generation resources and future options in meetings with CPS Energy and consultants. CPS Energy also held a series of community engagement efforts, among which included open houses, a virtual town hall and customer survey. Final survey results indicated the following customer consideration preferences:

System reliability & climate resiliency: CPS Energy's ability to consistently deliver electrical power to a home or business, including during extreme weather events - 29%

Affordability: A customer's ability to pay for monthly electric services - 26%

Environmental sustainability: The environmental impact of the CPS Energy generation mix - 14%

System Flexibility: A planning objective to diversify the generation mix to support CPS Energy's ability to respond to changing conditions - 15%

CPS Energy Financial Stability: Services to customers are provided at a rate that consistently generates enough revenue to meet CPS Energy's expenses - 9%

CPS Energy workforce impact: CPS Energy employees impacted by power plant closure or the additional employees needed for a planned new power plant - 4%

Other - 3%

The Board of Trustees will consider customer feedback along with recommendations by the RAC and CPS Energy leadership in its decision. The Board meeting will take place at CPS Energy Headquarters, 500 McCullough, and also will be live streamed on CPS Energy's website. Pre-registration is required to share your feedback in Public Comment. Register between 5:00 p.m. on Wednesday, January 18 and 1:00 p.m. on Friday, January 20 by calling 210-353-4662, or by email to PublicCommentRegistration@cpsenergy.com.

About CPS Energy

Established in 1860, CPS Energy is the nation's largest public power, natural gas, and electric company, providing safe, reliable, and competitively-priced service to more than 907,526 electric and 373,998 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers' combined energy bills rank among the lowest of the nation's 20 largest cities - while generating $9 billion in revenue for the City of San Antonio for 80 years. As a trusted and strong community partner, we continuously focus on job creation, economic development, and educational investment. We are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees' volunteerism in giving back to our city and programs aimed at bringing value to our customers. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation.

Contact:

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