CPS Energy gets industry accolades, makes economic impact
January 14, 2015 | By
Barbara Vergetis Lundin
The Pew Charitable Trusts and Cogent Reports have recognized CPS Energy, the largest municipally owned electric and gas utility in the country, for its leadership in renewable energy development and serving as a "customer champion," respectively. The utility is being called out for the success of the its New Energy Economy Initiative, an innovative approach to rebalancing its energy portfolio, as well as reducing emissions, fueling economic development and bringing jobs to San Antonio. The Pew Charitable Trusts recognizes CPS Energy as "leading the charge, establishing aggressive renewable energy goals" in Texas, having contributed more than half of the state's total 213-megawatt capacity in 2014 with 129 megawatts of solar currently online. Plans for an additional 315 megawatts are currently underway. A national study by Cogent Reports, a division of Market Strategies International, recognized CPS Energy as a "customer champion," placing third in the top 10 combination utilities for building customer trust, adding valuable products and services, and achieving operational satisfaction. According to an update on the economic impacts of the NEE initiative, which has brought seven companies and five solar farms to San Antonio in just three years, economic impacts climbed to $808 million since its inception -- an increase of 29 percent just in the past four months, from $622 million in April to $808 million through August of 2014. "It all adds up to a win-win for San Antonio," said Cris Eugster, CPS Energy executive vice president and chief generation and strategy officer. "Even better, we're just getting started. We're only halfway to the $1.6 billion contractually committed in economic impact." For more: © 2015 FierceMarkets, a division of Questex Media Group LLC. All rights reserved. |