- CPS Energy
Infobox_Company
company_name = CPS Energy
company_
company_type =Municipal corporation
company_slogan =
foundation =1942 [cite web|url=http://www.cpsenergy.com/content_listInternet.asp?sect_id=2593&elmt_id=12|title=CPS Energy - About Us|accessdate=2006-09-06]
location =San Antonio, Texas
key_people = Milton B. Lee (CEO), Aurora Geis (Chair, of Board of Trustees)
num_employees = 3,884 (2006)cite web|url=http://www.cpsenergy.com/files/current_financial_data/annualreport_2006.pdf|title=2005-06 Financial Summary|accessdate=2006-09-06]
revenue = gain$1.75 billion USD (2006)
industry =Energy
products =Electricity andNatural Gas
homepage = [http://www.cpsenergy.com/ www.cpsenergy.com]CPS Energy of
San Antonio, Texas (formerly "'City Public Service") is the USA's largest municipally owned utility with combined natural gas and electric service. Fourteen percent of all utility revenues are returned to the City of San Antonio, and those revenues make up about 20 percent of the City of San Antonio's annual operating budget. Acquired by the City in 1942, CPS Energy serves over 677,000 electricity customers and more than 318,000 natural gas customers in its 1,566-square-mile service area, which includes Bexar County and portions of 7 surrounding counties. [cite web|url=http://www.cpsenergy.com/content_listInternet.asp?sect_id=2592&elmt_id=12|title=CPS Energy - Careers|accessdate=2006-09-06]CPS Energy is part-owner (40% share) of the
South Texas Project .History
* 1917 - San Antonio Public Service Company formed; owned by
American Light and Traction
* 1942 - City purchases SAPSCo for $34 million [cite web|url=http://www.cpsenergy.com/content_listInternet.asp?cont_id=5472&elmt_id=12|title=CPS Energy - History|accessdate=2006-09-06]Governing Structure
CPS Energy is governed by a five member Board of Trustees. The Mayor of San Antonio serves as an ex-officio member, for as long as s/he is the Mayor. The other four members represent the four geographical quadrants of the City, and must reside within the quadrant they represent. They are nominated by the remaining trustees, for a five-year term with eligibility to serve one additional term. The nominations must be approved by majority vote of the San Antonio City Council.
In addition, a 15-member Citizens Advisory Committee serves as a liaison between CPS Energy and the citizens of San Antonio. Ten of the members are nominated by the 10 City Council members, while the remaining five are chosen from applicants who are interviewed by the Board. The Board approves all 15 members, who must reside in the CPS Energy service territory and be customers of CPS Energy as well.
ee also
*
Public service company References
External links
* [http://www.cpsenergy.com/ CPS Energy website]
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