The CPS Energy Board of Trustees approved the Fiscal Year (FY) 2027 (Feb.1, 2026 – Jan. 31, 2027) budget to support necessary investments required to maintain critical infrastructure and provide reliable service to the community, the Texas public power utility reported on April 1.
The $2.8 billion budget prioritizes essential investments that ensure reliable service to the community, with 70 percent dedicated to critical needs such as generating power, new customer connections, compliance with meeting regulatory requirements, and supporting our workforce. These required investments also include maintaining gas safety operations and strengthening cyber and physical security -- key components in delivering safe, dependable service.
“Thank you to our Board of Trustees for their support of this budget,” said CPS Energy President & CEO Rudy Garza. “Our job is to provide a reliable system for our community. As our system grows, our budget must grow with it. Our existing customers are always our priority, and this approved budget supports our work to meet their expectations.”
The budget also supports customer services and ongoing investments in reliability, such as pole replacements, tree trimming, infrastructure modernization, and the installation of critical equipment needed to operate the utility.
“Our priority is supporting the electric and gas needs of our growing community. Our customers have shared that reliability, affordability, and cleaner energy continue to be their priorities. This budget delivers on those priorities,” said CPS Energy Chief Financial Officer Cory Kuchinsky.
The utility has also reduced operating expenses by optimizing fleet operations and achieving savings from cloud-based services and wireless communications, among other efficiencies.
The budget will take effect immediately and remain in place through Jan. 31, 2027.
