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Abbott Targets CPS Energy Over Winter Storm Costs | San Antonio News
Texas gubernatorial hopeful Gina Hinojosa is accusing Governor Greg Abbott of targeting San Antonio’s CPS Energy as revenge for its legal fight against gas companies during the winter storm Uri — a battle that left the utility on the hook for nearly $400 million. With CPS Energy already critical to San Antonio’s budget and facing a $158 million deficit, Hinojosa warns Abbott’s push to break up the municipal utility in 2027 could saddle residents with higher bills. CPS Energy insists its nonprofit model keeps rates low and that privatization would never deliver those savings back to the public…
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