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‘Taxation through electricity prices’: Abbott takes aim at city-owned utilities like CPS Energy
['Andrea Drusch', 'More Andrea Drusch']
San Antonio Report
Greg Abbott is calling on the Texas Legislature to break up “monopoly-run” electricity companies like CPS Energy, allowing other providers to come into the San Antonio area and compete for customers.
CPS Energy contested the idea its agreement with the city unfairly punishes any of its ratepayers.
CPS Energy has long said it provides some of the lowest combines energy rates in the state, including metro areas served by privately owned utilities.
In the past, San Antonio officials have had success making the case for CPS Energy, particularly when they were able to explain how its model is different from other municipally owned utilities.
CPS Energy frequently has more power than it needs and sells it onto the statewide electrical grid, helping out in times of crisis.