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CPS Energy Board of Trustees Approves Funding Tied to Integrated Technology Platform

The CPS Energy Board of Trustees voted to approve additional funding in support of the company’s enterprise resource planning transformation, the San Antonio, Texas-based public power utility said on Jan. 31.

This will allow CPS Energy to engage Accenture, a leading global professional services company, to implement Oracle’s Integrated Fusion Platform.

This announcement is the next step in executing CPS Energy’s digital transformation strategy to modernize its 20-year-old business operating system.

The funding addition, valued at $150 million, “is a milestone in achieving the utility’s promise to invest in critical areas with funds generated from the 2024 rate increase,” CPS Energy said.  

“Engaging Accenture allows us to leverage their expertise to implement Oracle’s integrated platform, which will streamline operations, empower our employees, and ultimately deliver even greater value to our customers, “said Evan O’Mahoney, Chief Information Officer of CPS Energy. “This transformation underscores our commitment to innovation, efficiency, and service excellence as we continue building a resilient and connected future for the customers and community we serve.” 

Accenture will partner with CPS Energy to integrate and modernize operations by integrating real-time data from finance, supply chain, human resources, administrative, and customer service leveraging Oracle’s technology solution. 

This will result in greater visibility across all the utility’s divisions – delivering enhanced analytics, improved operational efficiencies, and more resilient and reliable technology. 

This transition will be a multi-year journey with new features and functions delivered in phases.  Accenture’s engagement will begin in February 2025, with an anticipated completion in 2028.   

In 2024, the Board of Trustees and San Antonio City Council approved a 4.25% rate increase that helped fund the ERP process to replace the utility’s outdated technology.

Beyond the investment in technology, CPS Energy’s rate increase covers costs to upgrade aging physical infrastructure, invest in more system reliability, physical, and cyber security, and augment its workforce planning.    

To learn more about the utility’s ERP transformation program, click here. To learn more about CPS Energy’s Horizon 2050 Strategic Framework, click here. To learn more about this vote, visit cpsenergy.com/boardmeetings.  

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