Collister Investigates

CPS Energy hands out $16 million in bonuses

CPS Energy employees recently received a record bonus. The record $16 million pay out comes just after the utility announced it was delaying a planned rate increase.

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Comments
Chefdwat - 7/26/2012 5:29 PM
1 Vote
Whose bill is low??? The Mayor wanted a rate increase.... why? The City gets money off its citizens. What did this woman do to receive a bonus of over $100K??? You have people struggling just to buy food. There is so much corruption in this city. We are still in a recession. Forclosures continue to occur. People in the positions of power need to step back and remember what it was like to truly struggle. No one deserves a 26% bonus just because they are lucky enough to have kissed the right butts to get into upper Management (which is most often the case). A public Unility has a duty and so far CPS has failed and in my opinion gets a D- for effort.

Gerome - 6/30/2012 3:36 PM
0 Votes
The real reason our electric bills are low: natural gas prices at 2.50 cfm instead of 11.00 to 15.00 last year and coal is also down some. Now just what did they do to deserve that raise. Oh yeah! 50 Million to UTSA, parties, etc...By the way, approximately 12 to 14 percent of your electric bill goes into the city coffers for them to spend wisely. Where's the beef?

Marfen - 6/24/2012 8:34 PM
0 Votes
They should change their name to ATM Energy.

EXROUGHNECK - 6/24/2012 7:20 AM
0 Votes
We the people should not let this story die until the board reverses the 6 figure incentives thru payroll deduction for this year. Remember Julian Castro said on TV that they will fix it next year. OK do that but the Fat Cat exes that got the 6 figure bonuses this year...PULL EM BACK NOW!

bjay34 - 6/24/2012 4:40 AM
0 Votes
Who is the oversite committee for hiring and setting salaries for city owned businesses and why were the salaries set so high for those positions. Before any rate increases are approved why didn't they first have a reduction and/or end bonuses to top executives to address any shortages. These salaries are more in keeping with that of a private run company and should be investigated for abuse.

EXROUGHNECK - 6/23/2012 9:36 AM
0 Votes
Reading thru the posts...I totally agree. I would not have any issues if the people performing the Actual "Work" (Linemen) got a nice FAT bonus, but dang..our mayor got some of that $16,000,000.00 bonus money, not right at all. And if you think that JC didn't then you need to take off those Rose Colored glasses my friend. Heck I spent 20 years in the military and lived in 3rd world countries with mor stable power than what we have in San Antonio. I think they could have spent that $16 Million more wisely on upgrading infrastructure. Every time it sprinkles or the wind blows my power goes out.

EXROUGHNECK - 6/23/2012 9:25 AM
0 Votes
Correct me if I am wrong (May be thinking about a Bexar Met Scandal awhile back) Wasn't 6 months ago when the mayor was on TV explaining that the $3500 going away parties with $1000 + liquor bills were going to stop at CPS. Seems like our mayor being on the board would not allow things like this to happen, or...maybe he is just sharpening his political skills for when he tries to move his political game to the national stage. If your not a good crook your not a good politician. Looks like we have a good politician as our mayor. I don't think for a second that there is not some funnel going straight to his pocket or some cause he is connected to.

Faberoptic - 6/23/2012 2:11 AM
1 Vote
If they want to operate like a private entity, then privatize it. As it stands, CPS is supposedly a publicly-owned utility. How a $100k bonus to a single exec can be in the public's best interest is beyond me. The typical annual household income in this town is, what? Like, maybe a third of that? Not saying merit doesn't deserve reward, but (in my best, moronic, John Stossel impersonation) "...give me a break."

lonestar - 6/23/2012 1:41 AM
2 Votes
1WhineyBrian: Where do the funds come from that are being used by CPS to pay out as bonuses? You stated that none of the monies ratepayer pay are used to pay for the bonuses. Please enlighten us since you obviously have an insight to this subect matter. You stated, "Maybe some of the people crying over this story should use their time more wisely and look for better compensating employment." Do you know of any opening at CPS that we can apply for that pays a six figure salary? Maybe you would be willing to give up your job, or your spouse's job, your friend, or family member's job at CPS (if applicable)since you guys are in demand at other utility companies. I would love to know your connection to CPS.

lonestar - 6/23/2012 1:24 AM
3 Votes
The CPS executive that is being paid a $300,000 salary plus a bonus in excess of $111,000 is really funny! She stated that they deserved their bonuses because they had a good year keeping rates down and increasing productivity. Well, if I made $300,000 per year my utility bill would be insignificant and it would seem like rates were low. Unfortunately, most of us don't live in that world and these so call small rate increases aren't that small to the average ratepayer in Bexar County. It's time to hold the mayor and the CPS Trustees accountable. The mayor and the trustees had to approved this bonus policy in advance since they have been on the board for sometime. We the citizens and ratepayers should take immediate action and recall the mayor, city council, and remove all current CPS Trustees immediately. Secondly, we need to restructure the salaries of all executive and managerial personnel at CPS immediate. Those employees that don't want to take a cut can go out and land a nice fat paying job with another utility company. My money is that excutives and managerial personnel will accept the cuts and not go out into that cold job market looking for a $300,000 plus job!!!! It's sad to say, but, again give this story a week or two and San Antonians will forget about these crooks and they will resume stealing more money from the ratepayers.
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