UTILITY

A majority of that money, more than $751,000, came in the form of a “restoration payment.” An attorney representing the utility described the payment late Tuesday as a distribution of benefits from a non-qualified retirement plan that is taxable when earned.

The San Antonio City Council approved the first CPS Energy rate increase in eight years, and it’s just the beginning of the many more rate increases.

As a proposed CPS Energy rate increase heads to the San Antonio City Council for a vote this week, some customers are saying not so fast. Many who left in the dark during last year’s winter storm are asking why utility leaders aren’t taking a pay cut instead.