Author Topic: Here's how CPS is paying $1 billion for the natural gas used during February's winter storm  (Read 387 times)

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Offline thackney

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Here's how CPS is paying $1 billion for the natural gas used during February's winter storm
https://www.chron.com/weather/article/CPS-Energy-paid-1-billion-for-fuel-amid-winter-15993691.php?IPID=Chron-HP-Trending
March 2, 2021

CPS Energy said it owes $1 billion for natural gas and fees due to the winter storm, as reported by Diego Mendoza-Moyers for the Express-News.

The municipal utility owes $800,000 to natural gas suppliers and $200,000 to the Electric Reliability Council of Texas, according to the report.

CPS officials said they plan to fight the charges and seek funding to pay the bill. However officials also approved plans to take out a $500 million bank loan to pay half the bills and spread the cost out over several years....

...The report said Texans would pay $50 billion for electricity for the week of Feb. 14 compared to $4.2 billion the week before....
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Offline thackney

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CPS Energy uses a college student for weather forecasting. That’s not how other major Texas utilities operate.
https://www.ksat.com/news/defenders/2021/03/02/cps-energy-uses-a-college-student-for-weather-forecasting-thats-not-how-other-major-texas-utilities-operate/

...CPS Energy officials confirm to KSAT that they get their meteorology services from a Minnesota-based subscription weather service and from a local contractor, who has been referred to as both a meteorologist data intern and a meteorologist data analyst.

Public records show the local contractor has been a meteorology student, rather than a meteorologist, much of the time he has provided services to CPS....
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Offline thackney

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CPS Energy (formerly "City Public Service Board of San Antonio") is the municipal electric utility serving the city of San Antonio, Texas. Acquired by the city in 1942, CPS Energy serves over 840,750 electricity customers and more than 352,585 natural gas customers in its 1,566-square-mile (4,060 km2) service area, which includes Bexar County and portions of its 7 surrounding counties.

https://en.wikipedia.org/wiki/CPS_Energy
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