What you need to know
According to city documents, SA Energy Acquisition Public Facility Corporation was created to finance and acquire electric energy power and fuels to be used by CPS Energy generation plant operations and to ensure service to customers. The newly appointed board will service a term from Feb. 1, 2025-Jan. 31, 2027.
Board of directors:
- Mayor Ron Nirenberg
- Janie Gonzalez
- Willis Mackey
- Francine Romero
- John T. Steen
- Rudy Garz
- Cory Kuchinsky
The board consists of seven members, consisting of the CPS Energy board of trustees, CPS energy general manager and CEO and the chief financial officer.
The vote to reappoint the board members was unanimous.
The background
According to a city website, the SA Energy Acquisition Public Facility Corporation is a nonprofit, public facility corporation organized under the Texas Public Facility Corporation Act. The corporation was created with the approval of City Council to provide assistance to CPS energy in financing, refinancing and providing public facilities, including interests in natural gas earmarked for public use.