CPS Energy

Atmos Energy Hits Highest Customer Satisfaction Score Since 2018, as Energy Utilities See Gains, ACSI Data Show

Retrieved on: 
Tuesday, March 19, 2024
Oil, Gas, Energy, Residential Building & Real Estate, Construction & Property, Utilities, Atmos, Atmos Energy, Electricity, Natural gas, PG&E, Consolidated Edison, CenterPoint Energy, Environment, Associate, Dominion Energy, National Grid, CPS Energy, NextEra Energy, ACSI, University, Entergy, DTE Energy, Marketing, NiSource, Complaint, Michigan State University, Berkshire Hathaway Energy, Multimedia, Weather, Renewable energy

Following four years of flat performance, residential customer satisfaction with the energy utilities industry rises 4% to an ACSI score of 75 (out of 100), according to the American Customer Satisfaction Index (ACSI®) Energy Utilities Study 2023-2024 , as improvements across the customer experience outweigh concerns about rising utility rates.

Key Points: 
  • Following four years of flat performance, residential customer satisfaction with the energy utilities industry rises 4% to an ACSI score of 75 (out of 100), according to the American Customer Satisfaction Index (ACSI®) Energy Utilities Study 2023-2024 , as improvements across the customer experience outweigh concerns about rising utility rates.
  • “However, despite the current momentum, energy utilities will continue to face challenges beyond their control, like extreme weather events that cause longer power outages.
  • Municipal energy utilities move into second place after surging 6% to 75, just ahead of investor-owned utilities, which climb 3% to 74.
  • Five utilities share second place at 77: Berkshire Hathaway Energy (up 4%), Dominion Energy (up 5%), Duke Energy (up 5%), NextEra Energy (up 3%), and Southern Company (up 3%).

ARPA-E Announces Innovation Agreement Outlining Vision for the Future of Electrified Airports at Technology Expo Hosted in San Antonio

Retrieved on: 
Wednesday, April 3, 2024
Karma, Moses Austin, MOU, EV, Business, EEL, ARPA-E, Partnership, Natural Resources, Air travel, SAN, City, Research, UTSA, CPS Energy, San Antonio International Airport, Aviation, Transport, University, Hope, ARPA, Aircraft, Multimedia, DOE, Stinson Municipal Airport, Renewable energy

SAN ANTONIO, April 3, 2024 /PRNewswire/ -- Today, the U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E), the City of San Antonio Aviation Department and City Public Service Board (CPS Energy), and the University of Texas at San Antonio (UTSA) signed a Memorandum of Understanding (MOU) outlining collective efforts to develop and promote technologies that include, but are not limited to, sustainable aviation, battery technologies and innovative battery storage solutions, enhanced electric vehicle (EV) charging, and power demand management technologies.

Key Points: 
  • ARPA-E Director Evelyn Wang, San Antonio Mayor Ron Nirenberg, UTSA President Dr. Taylor Eighmy, and CPS Energy Vice President of Customer Value Karma Nilsson were all present for the signing hosted at Stinson Municipal Airport in San Antonio.
  • "We are excited at this opportunity to collaborate and showcase innovative energy technologies that could transform the future of aviation," said ARPA-E Director Evelyn N. Wang.
  • Our hope is that this partnership will lay the groundwork to enable future electrified airports."
  • "This is an important agreement with the potential to shape the aviation industry of the future," said San Antonio Mayor Ron Nirenberg.

CPS Energy Acquires Gas Plants in Corpus Christi and Laredo From Talen Energy as Part of Approved Generation Plan

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

CPS ENERGY ACQUIRES GAS PLANTS IN CORPUS CHRISTI AND LAREDO FROM TALEN ENERGY AS PART OF APPROVED GENERATION PLAN

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

Tampa Electric Company Wins 2023 Itron Innovator Award for Advancing Public Safety and Load Management Solutions

Retrieved on: 
Thursday, October 26, 2023
Technology, Other Natural Resources, Other Energy, Utilities, Natural Resources, Green Technology, Software, Alternative Energy, Environment, Energy, Hardware, Internet of things, CPS Energy, Intelligence, City of London, TECO Energy, Water, Electric vehicle, Customer, City, LED, Safety, Investment, TECO, ITRI, Cryptocurrency, Renewable energy, Itron, Western Power

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that Tampa Electric Company (TECO), one of Florida’s largest investor-owned electric utilities, is the winner of the 2023 Itron Innovator Award, which recognizes an Itron customer that leverages Itron’s partner enablement program.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that Tampa Electric Company (TECO), one of Florida’s largest investor-owned electric utilities, is the winner of the 2023 Itron Innovator Award, which recognizes an Itron customer that leverages Itron’s partner enablement program.
  • The utility was recognized for deploying more than one technology partner solution and received the award at Itron Inspire 2023, Itron’s premier customer-focused conference.
  • The Itron Innovator Award acknowledges TECO’s Smart Cities and Load Management programs and recognizes the utility for the improvements that benefit Tampa Electric customers.
  • Additionally, the solution has been successfully integrated with Itron technology and utilizes Itron’s networks, software solutions or distributed intelligence capabilities.

Bulbs.com, the business lighting experts announces another Utility Rebate Partnership

Retrieved on: 
Tuesday, October 17, 2023
Partnership, DTE Energy, CPS Energy, Edison Machine Works, Lighting, Energy Star, LED, Duke Energy, DTE, Oil lamp, Light-emitting diode, DLC, Consumers Energy, Electric light

BOSTON, Oct. 17, 2023 /PRNewswire/ -- Bulbs.com, the online authority in LED Lighting continues to expand its rebate distribution partnerships with utility companies across the United States.

Key Points: 
  • BOSTON, Oct. 17, 2023 /PRNewswire/ -- Bulbs.com, the online authority in LED Lighting continues to expand its rebate distribution partnerships with utility companies across the United States.
  • Bulbs.com announces its newly approved distributor partnership with Consumers Energy in Michigan.
  • In fact no other e-commerce lighting distributor works with as many utility companies across as many states as Bulbs.com.
  • Eligible commercial and industrial customers can now receive instant rebates on their LED lighting purchases from 30+ utility companies across the following states:

Itron Announces Conference Schedule for Itron Inspire 2023

Retrieved on: 
Thursday, October 5, 2023
Software, Networks, Internet, Utilities, Other Natural Resources, Data Management, Alternative Energy, Energy, Technology, Natural Resources, Environment, Security, Green Technology, Knowledge, ITRI, Woman, Microsoft, Forecasting, AMI, Court of general sessions, ESG, Intelligence, CPS Energy, Innovation, Network, Future, Safety, Transport, Carbon, Data management, Pepco Holdings, Ageing, Hydro One, Capgemini, Knowledge-centered support, Dominion Energy, Internet of things, Machine learning, San Antonio Water System, Industrial internet of things, City, Social media, Conference, Bundesverband der Energie- und Wasserwirtschaft, Electricity, Water, Renewable energy, Management, Itron

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2023 , which will be held in San Antonio, TX, Oct. 22-27, 2023.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2023 , which will be held in San Antonio, TX, Oct. 22-27, 2023.
  • Select content will also be available on-demand following the conference.
  • Panelists will share the story of challenges and successes over the course of their careers and how they have worked to inspire others along the way.
  • For more information about Itron Inspire 2023, please visit www.itron.com/inspire .

Ashtrom Renewable Energy Announces ~$270 Million Green Financing for ~400 MW Tierra Bonita Solar Project in Texas

Retrieved on: 
Monday, October 2, 2023
Other Energy, Utilities, Other Natural Resources, Alternative Energy, Energy, Technology, Other Construction & Property, Natural Resources, Construction & Property, Environment, Science, Other Technology, Other Science, Transfer, Allen & Overy, Moody's Investors Service, Bayerische Landesbank, PTC, Marathon Capital, Electricity, EPC, PTC India, ING, IRA, Morgan Lewis, CPS Energy, Plain Green Loans, Credit transfer, Inflation Reduction Act of 2022, BHI, Rabobank, PPA, CO2, Renewable energy

The Tierra Bonita project is one of the very first solar projects in the U.S. to complete a Tax Credit Transfer Agreement for solar PTCs under the new Inflation Reduction Act (IRA), and complete financing under a project finance structure.

Key Points: 
  • The Tierra Bonita project is one of the very first solar projects in the U.S. to complete a Tax Credit Transfer Agreement for solar PTCs under the new Inflation Reduction Act (IRA), and complete financing under a project finance structure.
  • "The financial closing of the Tierra Bonita project marks a significant milestone for Ashtrom Renewable Energy, demonstrating confidence in our strong capabilities to execute the development, planning, financing and construction of our first large-scale solar project in the U.S., with a total investment of approximately $435 million," said Yitsik Mermelstein, CEO at Ashtrom Renewable Energy.
  • The Tierra Bonita project is located on a ~2,400 acres site in Pecos County, Texas, with a planned capacity of ~400MWdc (306 MWac).
  • The Tierra Bonita project was developed by Ashtrom Renewable Energy and its local development partner, OnPeak Power, LLC, an industry leading privately held renewable energy company based in Austin, Texas.

CPS ENERGY LAUNCHES REQUEST FOR PROPOSAL TO SECURE UP TO 500 MW OF ENERGY STORAGE

Retrieved on: 
Monday, September 18, 2023
RFP, CPS Energy, Growth, Request for proposal, Trustee, SAN, Natural gas, Renewable energy, Sales

SAN ANTONIO, Sept. 18, 2023 /PRNewswire/ -- CPS Energy, the largest municipally owned electric and natural gas utility in the United States, has formally launched a Request for Proposal (RFP) for up to 500 megawatts (MW) of energy storage systems, as part of its power generation plan approved by the utility's Board of Trustees earlier this year. Projects under this RFP may be diverse and responses are welcomed from both large-scale and smaller sized projects- 500 MW of storage is enough to power 100,000 homes.

Key Points: 
  • Projects under this RFP may be diverse and responses are welcomed from both large-scale and smaller sized projects- 500 MW of storage is enough to power 100,000 homes.
  • This RFP will be the first time CPS Energy has issued a notice solely for standalone storage projects, although past RFPs have included storage as an overall component.
  • This is the third RFP that CPS Energy has launched this year as part of its approved power generation plan.
  • After the closing date, CPS Energy will begin evaluations with a goal of making selections by the end of the year.

ReNew Announces Appointment of Three Independent Directors

Retrieved on: 
Monday, July 24, 2023
Alternative Energy, Energy, Professional Services, DEI (Diversity, Equity and Inclusion), Utilities, Pillar, Yale University, Mathematics, Investment, ReNew, Associate degree, EVP, MBA, Article, Certified Public Accountant, BBA, Risk, Commerce, San Antonio College, University of Oxford, Annual, EPRI, Independent director, Regis University, BP, Aker Solutions, Treasurer, Boston Consulting Group, SEAB, Epicenter, Sustainability, CPS Energy, General Electric Company, Engineering, Research, Remuneration, Norsk Hydro, Refinery, BP P.L.C. v. Mayor and City Council of Baltimore, Audit, Calendar, Transport, Woman, Gruppo, Wind, Fine art, Vopak, Harvard Business School, Management, Renewable energy, Politics, Economics, TKE, Operation, Philosophy

ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading renewable energy company and a preferred decarbonisation partner, announced on Monday that the Board of Directors has appointed Ms. Paula Gold-Williams, Ms. Nicoletta Giadrossi and Mr. Philip Graham New as Non-Executive Independent Directors with effect from August 23, 2023.

Key Points: 
  • ReNew Energy Global Plc (“ReNew”) (Nasdaq: RNW, RNWWW), India's leading renewable energy company and a preferred decarbonisation partner, announced on Monday that the Board of Directors has appointed Ms. Paula Gold-Williams, Ms. Nicoletta Giadrossi and Mr. Philip Graham New as Non-Executive Independent Directors with effect from August 23, 2023.
  • ReNew is committed to diversity and inclusion at all levels, and having more women directors on the Board is an important step towards the goal.
  • The Company will continue to have majority of independent directors on its Board.
  • Mr. Ram Charan and Ms. Michelle Robyn Grew, Independent Directors of the Company retire on August 22, 2023 due to expiry of their term.