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To provide San Antonio City Council with an update on CPS Energy’s strategic plan, utility officials gave a brief presentation encompassing recent energy acquisitions and updates on the company's transition to more renewable resources Nov. 5.
The big picture: Known as the Vision 2027 Generation Plan, the plan was first approved Jan. 23, 2023, and guides the utility company’s approach to diversifying and strengthening CPS’s sustainable resources portfolio.
“We have five key elements of Vision 2027: evolving the operations of our utility, focusing on our financial stability, centering all of our work around our customers, building a strong team culture, and encouraging community partnership and growth throughout the regions that we serve,” Elaina Ball, chief strategy officer for CPS Energy, said.
During the presentation, CPS officials said it was ahead of its original 2023 generation plan and had increased its ownership share of a nuclear power plant and made major acquisitions of natural gas in late 2023.
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