San Antonio will send future windfalls back to CPS Energy, hopes to mitigate rate hikes

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San Antonio will send future windfalls back to CPS Energy, hopes to mitigate rate hikes

San Antonio City Council members appear to be on board with a plan to return money to CPS Energy when the utility’s payments to the city far exceed expectations.Though city staff say this could help shrink the size of future CPS rate hikes, it’s not clear by how much.Over the course of Wednesday and Thursday, council members were briefed on a pair of possible policies for handling CPS Energy payments. Following a Thursday budget goal-setting ses…