City buying CPS heralded brighter future: The city’s $33 million purchase of CPS Energy has paid off in low rates for customers and a total of $6.2 billion that has flowed to city coffers since 1942.
My botty best at summarizing from Wikipedia: formerly “City Public Service”) is the municipal electric utility serving the city of San Antonio, Texas . it serves over 840,750 electricity customers and more than 352,585 natural gas customers . CPS Energy decommissioned the mayor of San Antonio serves as an ex officio member, for as long as s/he is the Mayor . they are nominated by the remaining trustees for a five-year term, with eligibility to serve a 15-member Citizens Advisory Committee serves as a liaison between CPS Energy and the citizens of San Antonio . the nominations must be approved by majority vote of the San Antonio City Council . all 15 members must reside in