CPS Energy presents Vision 2027 restart, says acquisitions lowered projected costs

San Antonio ' CPS Energy officials updated the San Antonio City Council on Nov. 5, 2025, on the utility's Vision 2027 generation plan, recent acquisitions and the company's current financial posture as it prepares planning recommendations for the council and its trustees.

Elena Ball, CPS Energy's official strategist, told the council the utility is revisiting assumptions made in the 2022'2023 plan and running a "restart" of the process to align the portfolio with updated demand and cost projections. She said the plan adopted in January 2023 included additions of generation, storage and solar and that recent transactions have advanced capacity toward the plan's aims.

CPS Energy finance staff, identified in the meeting as Corey, said the utility has added generation and storage capacity through acquisitions over the last 18 months and that those purchases have reduced the projected cost of meeting demand compared with building new resources. Corey told the council CPS Energy is operating with a double-A credit outlook and access to substantial credit lines and presented several capitalization and liquidity metrics the…