CPS Energy board to discuss “unprecedented” energy market event Monday

SAN ANTONIO (KTSA News) – The CPS Energy board of trustees will meet Monday afternoon for the first time since the rolling blackouts left hundreds of thousands of area residents in the dark last week.

President and CEO Paula Gold-Williams will present a report on the “New Unprecedented Texas/San Antonio Energy Market Event” at the audio-only meeting, which is scheduled to begin at 1 this afternoon.

Last week, Gold-Williams said they were trying to get the exact numbers on the financial impact a surge in natural gas prices will have on CPS Energy bills.

“The cost of this event, in terms of trying to supply power– we’re still trying to get our hands around the numbers, but it’s going to be huge,” Gold-Williams said last week.  “I will say we understand that it would be unacceptable to just have customers bear the cost on their monthly bill and as if anybody could pay for that.”

She said CPS Energy is looking at trying to spread the cost over 10 years or longer to make the monthly bills affordable, but they’re still trying to come up with a plan to present to the board and to the San Antonio City Council.

Rolling blackouts instructed by the Electric Reliability Council of Texas left more than 370,000 CPS Energy customers without power last week.

The meeting at 1 pm Monday will be audio only.   You can call 1-888-886-6602 to listen to the meeting.  It also will be livestreamed online.