CPS Energy · San Antonio, TX United States
Company Description
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This link will open in a new window And the award for being the energy distributor for the ninth largest city in the US goes to... CPS Energy (formerly City Public Service Board of San Antonio, Texas). Serving more than 690,000 electricity customers and almost 320,000 natural gas customers, the utility operates in a nearly 1,600 sq.-mile service territory. CPS Energy also has a generating capacity of 5,100 MW from its 16 fossil-fueled power plants and its ownership interests in the South Texas Nuclear Project and the Desert Sky Wind Farm in West Texas. As a municipally owned utility, CPS Energy is exempt from retail competition in Texas, which took effect for investor-owned utilities in 2002. To read the full description, subscribe now.
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Key CPS Energy Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | January |
| Annual Sales (mil.) | $1,860.7 |
| Employees | 3,716 |
CPS Energy Executives
16 executives listed for CPS Energy's San Antonio, TX location.
| Title | Name & Bio | Contact |
| Chairman | Aurora Ortega-Geis | Network |
| Vice Chairman | Alvaro Sanchez | Network |
| General Manager and CEO | Milton Lee | Network |
Competition
Competitive Landscape for CPS Energy
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top CPS Energy Competitors
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