Learn about CPS Energy including our Environment, Climate & Sustainability, News & Press Releases, and Team.
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Learn about CPS Energy including our Environment, Climate & Sustainability, News & Press Releases, and Team.
About CPS Energy
- Established in
- 1860
- Senior Lien Bond Ratings
- Aa2/AA-/AA-
- Bonds Outstanding as of 1/1/2025
- $7.653 billion
CPS Energy is owned by the City of San Antonio. We are the largest municipally owned gas and electric utility, by customers served, in the United States. Fourteen percent of our gross revenues support the overall operating budget of the City of San Antonio’s municipal government by providing financial resources for the delivery of core services such as streets and infrastructure, public safety, parks and youth enrichment programs, and libraries.
Thanks to our use of diverse energy sources, our customers in the greater San Antonio metropolitan area pay some of the lowest energy costs in the country. Every day, we strive to find new and innovative ways to maintain the reliability and competitive cost of the services we provide to our growing number of customers.
Annual reports, interim reports, financial summaries and other documents are included on this page to demonstrate our continued exceptional operational and financial performance.
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Environment, Climate & Sustainability
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.
News
A deliberate shift from reactive maintenance to a reliability-centered operating culture cut the 500-MW combined cycle plant’s forced outage rate by 90%—and delivered perfect availability through Texas’s most demanding months.
On Aug. 29, 2025, CPS Energy’s system hit a peak demand of 5,674 MW—the kind of summer stress test that Texas grid operators plan around all year. For the Arthur von Rosenberg (AvR) Power Plant, a 500-MW gas-fired combined cycle facility in Elmendorf, Texas, the day was unremarkable in the best possible way. The plant was available, as it was through every critical month of 2025—every winter cold snap, every summer scorcher, every dispatch call from the grid. AvR finished the year with 100% starting reliability and a 100% Equivalent Availability Factor (EAF) across the seven months CPS Energy designates as most critical to grid reliability.
Two years earlier, that outcome would have seemed out of reach. The plant was posting an Equivalent Forced Outage Rate (EFOR) of 5.8% and averaging 18 forced outages a year—a level of unplanned downtime that, according to the utility’s account, meant even small equipment issues could cascade into lost generation, operational stress, and eroded market competitiveness. The turnaround that followed is why the plant is being recognized as a POWER Top Plant finalist. Not because CPS Energy built something new, but because it fundamentally changed how it ran something it already had. In a market where new dispatchable capacity is expensive and slow to procure, AvR’s transformation is a case study in extracting more reliable megawatts from existing equipment—through data, discipline, and culture rather than capital-intensive additions.
June 25, 2026 Electric vehicles are becoming more common across San Antonio, and CPS Energy is partnering with WeaveGrid on a new program designed to help customers save money while supporting grid reliability.
Through the EV Smart Rewards Program, eligible customers can earn bill credits for charging their electric vehicles during times that reduce strain on the electric grid.
CPS Energy customers can earn a $30 upfront credit and up to $120 in annual bill credits by charging their EVs during off-peak hours, helping strengthen grid reliability for the San Antonio community.
Smarter Charging for EV Drivers
The program offers two participation options, giving drivers the flexibility to choose what best fits their lifestyle and charging setup. Both options include access to a personalized dashboard with insights into home charging costs and usage.
EV Smart Rewards provides an automated charging experience designed to help drivers maximize savings. Participants set their preferred departure time and battery level, and WeaveGrid schedules charging to optimize for off-peak hours and grid conditions. Drivers can override the schedule at any time if immediate charging is needed.
- $30 enrollment bill credit per enrolled device
- $10/month bill credit
EV Off-Peak Rewards allows participants to manage their own charging during off-peak hours (10PM – 4PM CST) and earn bill credits.
- $30 enrollment bill credit per enrolled device
- $5/month bill credit
The program supports up to two devices per household and is available to drivers with an eligible vehicle or charger, with more eligible devices coming soon.
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Eligible vehicles: Tesla, Jeep, Toyota, and Lexus electric vehicle or plug-in hybrid.
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Eligible chargers: ChargePoint®, Emporia®, and Wallbox® home charging station.
How to Join EV Smart Rewards
Enrolling is easy and takes just a few minutes:
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Visit the program enrollment page: CPSEnergy.com/EV
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Create a WeaveGrid account and connect an eligible vehicle or home charging station.
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Select a participation option: EV Smart Rewards or EV Off-Peak Rewards.
Once enrolled, monthly bill credits appear automatically on the driver’s CPS Energy account. Enrollment is first-come, first-served, and space is limited, so sign up today!
OCI ENERGY AND CPS ENERGY BREAK GROUND ON ALAMO CITY BATTERY ENERGY STORAGE PROJECT by Sydney Colwell
One of the largest standalone energy storage projects in the region, Alamo City BESS will bring flexible power and long‑term energy resilience to the San Antonio area
SAN ANTONIO, TX (MAY 19, 2026) – Today, OCI Energy, CPS Energy, and their project teams gathered in southeastern Bexar County to mark the official start of construction on the Alamo City Battery Energy Storage System (BESS).
The ceremonial groundbreaking commemorated the transition from development to the build phase of one of the largest standalone battery energy storage projects in the region. The project is designed to strengthen how the San Antonio community is served during periods of highest electricity use.
Once completed, the 120 MW / 480 MWh facility will be capable of powering approximately 30,000 homes for up to four hours, delivering critical support during periods of peak demand. By shifting how and when electricity is supplied, the project is designed to help deliver power more efficiently and economically.
“This project represents a significant step forward toward realizing a more resilient, reliable energy system that San Antonians can be truly proud of,” said Sabah Bayatli, President, OCI Energy. “This groundbreaking reflects years of thoughtful coordination, planning, and hard work – and once completed, it will help the electric system better manage peak demand events.”
OCI Energy developed and financed the Alamo City BESS and will retain ownership under a long‑term storage capacity agreement with CPS Energy, who will have operational control of the facility to serve the San Antonio region when needed.
“Energy storage is a critical component of how we prepare for the future,” said Rudy D. Garza, President & CEO of CPS Energy. “Projects like Alamo City BESS give us the flexibility to meet growing demand, integrate more diverse energy resources, and ensure our community has reliable power when it matters most.”
Organizations with deep experience across the energy sector are supporting the delivery of this project. ING is providing construction financing, LG Energy Solution Vertech is supplying the battery energy storage technology, and Elgin Power Solutions is serving as the Engineering, Procurement, and Construction contractor.
This collaboration represents a significant investment in the region and a shared commitment to building durable infrastructure that supports Texas’ energy system during periods of high demand.
“Breaking ground on Alamo City BESS marks an important milestone in turning plans into real, resilient infrastructure for the San Antonio region,” said Sven Wellock, Head of Renewables and Power,
Americas, ING. “Battery storage plays a critical role in strengthening grid reliability during periods of peak demand, and we are pleased to support OCI Energy and CPS Energy in delivering a project that combines scale, flexibility, and long-term value for the community.”
“We’re proud to support the Alamo City energy storage project and to see construction begin,” said Jaehong Park, CEO and President of LG Energy Solution Vertech. “This project adds further resiliency and stability to the grid, leveraging energy storage to ease demand constraints and improve energy availability.”
“Alamo City BESS represents the kind of forward-looking infrastructure investment needed to support a more reliable and flexible electric grid,” said Austin Hall, President, Elgin Power Solutions. “Our team is excited to help deliver a project that will provide long-term value to the San Antonio region and support energy resilience for years to come.”
Alamo City BESS is expected to enter commercial operation in 2027.
About OCI Energy
OCI Energy is a U.S.-based developer, owner, and operator of utility-scale solar and battery energy storage projects, with a track record of delivering some of Texas’ earliest large-scale solar developments. Since 2012, the company has advanced a growing portfolio of projects across key U.S. power markets, spanning the full lifecycle from early-stage development through asset management. With a multi-gigawatt pipeline and continued expansion underway, OCI Energy is helping meet rising energy demand with reliable, secure, and affordable power that supports communities and strengthens the grid.
About CPS Energy
Established in 1860, CPS Energy is the nation’s largest public power, natural gas, and electric company, providing safe, reliable, and competitively-priced service to approximately 970,000 electric and 390,000 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers’ combined energy bills rank among the lowest of the nation’s 20 largest cities – while generating $10.1 billion in revenue for the City of San Antonio since 1942. As a trusted and strong community partner, we continuously focus on job creation, economic development, and educational investment. We are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees’ volunteerism in giving back to our city and programs aimed at bringing value to our customers.
About ING Capital
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Groep NV (NYSE: ING), a global financial institution with a strong European base. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 53,000 employees offer retail and wholesale banking services to customers in over 40 countries. Please note that neither ING Groep NV nor ING Bank NV have a banking license in the U.S. and are therefore not permitted to conduct banking activities in the U.S.
About LG Energy Solution Vertech
LG Energy Solution Vertech is the U.S. energy storage division of LG Energy Solution. Via a single contract, the company delivers complete systems, long-term warranties, expert services, and advanced software. The combination of excellence in technology coupled with nearly two decades of energy storage experience makes LG Energy Solution Vertech a leader in the global energy storage market.
In 2022, LG Energy Solution acquired NEC Energy Solutions and established LG Energy Solution Vertech Inc. By vertically integrating the battery manufacturer and integrator, LG Energy Solution Vertech offers customers a uniquely streamlined experience and comprehensive support through a system-level contracting process. LG Energy Solution Vertech provides bankable, reliable, and comprehensive energy storage solutions as a lifetime energy storage partner.
About Elgin Power Solutions
Elgin Power Solutions is a leading U.S. power system manufacturer and EPC contractor specializing in high voltage substations, battery energy storage systems (BESS), transmission lines, custom switchgear and other high-voltage infrastructure projects. With more than 45 years of experience, Elgin delivers engineered solutions for a wide range of energy markets across North America. Backed by in-house engineering, manufacturing, and construction capabilities, Elgin is known for reliable execution, industry-leading expertise, and a commitment to delivering safe, high-quality power infrastructure solutions that support long-term grid resilience and performance.
Team

Frank Almaraz

Kathy Garcia

Elaina Ball

Jose G. Treviño, P.E.

DeAnna Hardwick

Cory Kuchinsky, CPA

Lisa Lewis

Evan O’Mahoney

Shanna Ramirez, J.D.
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