CPS Energy ends summer with record wholesale revenue as it preps for winter demand

Sara DiNatale | Source: San Antonio Express News | Posted 10/30/2024

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Despite a string of plant outages, CPS Energy this year posted its highest wholesale revenue ever for a summer season, bringing in $169 million more than it expected selling surplus electricity.

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Despite facing multiple plant outages, CPS Energy had its most successful summer season to date, generating $169 million more in wholesale revenue than anticipated, totaling around $200 million. These impressive results follow a windfall in 2023 when the utility surpassed expectations with nearly $247 million in revenue. Chief Energy Supply Officer Benny Ethridge attributed this success to strategic capacity additions despite challenges faced by some units.

As CPS Energy gears up for winter, it has resolved mechanical issues from the summer and is conducting maintenance during the shoulder months. The utility managed to compensate for outages by acquiring new power plants in Corpus Christi and Laredo. With 8,718 megawatts of available capacity expected for the winter, CPS looks poised to meet customer demand efficiently and safely, emphasizing the importance of ongoing infrastructure upgrades to deliver reliable service to San Antonio residents.

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Source Link: https://www.expressnews.com/business/article/cps-energy-summer-revenue-winter-prep-ercot-19870785.php

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CPS Energy ends summer with record wholesale revenue as it preps for winter demand

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