September 9, 2013

James Munoz
KENS5.Com – San Antonio

SAN ANTONIO — CPS Energy is proposing a 4.75 percent rate increase at the end of 2013. The change would go into effect on February 1, 2014.

For the average household in San Antonio, the rate hike would result in a combined gas and electric bill increase of about $5.19 per month.

Over the past two years, CPS Energy has avoided rate increases.

The proposed increase would generate about $65 million in annual revenue to help subsidize the more than $500 million in improvement projects to the existing energy infrastructure.

A local coalition made up of nine community groups is speaking out against the proposed rate increase.

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