Shane Bemis

The Board of Trustees meeting included public comments regarding employee appreciation, environmental technology, and transmission line routing. Key remarks from the Chair and CEO recognized employee service, noted CPS Energy hosting the POWERGEN conference, and highlighted the 2026 Summer Internship Program. The CEO also recognized the Grillsgiving team's fundraising success and employees nearing retirement. The Board convened an Executive Session to discuss real property matters and a competitive matter, which was subsequently approved. The Consent Agenda included approvals for net payments to the City of San Antonio for November and December 2025 revenues based on the New Series Bond Ordinance calculations, and the Employee Benefits Oversight Committee Statement of Governance. Several procurement items were approved, primarily seeking funding increases for existing contracts related to Substation and Transmission Infrastructure Projects, Turbine Parts & Services, Environmental Services, GE Boilers/Parts, Autotransformers, Toshiba Turbine Parts, Industrial Vacuuming & Hydroblasting Services, Customer Construction Design & Engineering Services, and 145kV Circuit Breakers. Two real property purchase approvals were postponed. Committee reports from Operations Oversight, Personnel, Technology and Resilience, and Community Input Committees were submitted for the record. Subsequent discussions covered the approval of engineering services for the 765 kV transmission line project with AEP, the nomination of an at-large member to the Community Input Committee, an update on the Evolve: ERP Transformation Program, and a presentation on the Generation Plan Refresh strategy.

The meeting commenced with standard proceedings including a safety message, invocation, and Pledge of Allegiance. The Public Comment section featured several community members addressing significant concerns. Key topics raised included the need for CPS Energy to transition to non-polluting sources while managing bill increases, selecting a new trustee with strong business acumen, concerns over retiree healthcare benefits, and the impact of climate change on underprivileged communities. Furthermore, advocacy was presented regarding limiting the impacts of the planned Howard to Solstice transmission line on the Hill Country through coordination with the Public Utility Commission. The Board subsequently moved into Executive Session to discuss matters pursuant to posted notice.

The meeting addressed several key operational and financial matters. Public comments covered winter impact assistance, sustainability initiatives, and limiting transmission line impacts on the Hill Country. The CEO recognized veteran employees and noted an award received for supporting Guard and Reserve employees. The Board convened in Executive Session to discuss Competitive Matters and Real Property Matters. Consent items approved included the September 2025 payment to the City of San Antonio based on gross revenue calculations, approval of the September 2025 Board Meeting Minutes, approval for Real Property Purchases for a Switching Station and STATCOM, and approval for several Procurement Items including Distribution Pad Mount Switchgear, Gas Turbine Depot Services, Industrial Scaffolding Services, Large Electric Motor Maintenance Services, and Insulation, Abatement, and Refractory Services. Items pulled from consent included the approval of Nuclear Decommissioning Trust Investment Manager Agreements and the annual approval of Financial Policies, both of which involved updating effective dates. The Board also discussed and approved additional funding for the Spruce to Pawnee to Tango Live Line 345kV Transmission Line Rebuild project due to design changes, and reviewed the winter preparedness plan, including resource adequacy and customer outreach.

The Board of Trustees meeting included opening remarks, a safety message, invocation, and Pledge of Allegiance. Public comments addressed concerns about communication, disconnections, and the Howard to Solstice transmission line's impact on the Hill Country. The CEO recognized Third Quarter Core Value awardees and provided an agenda overview. Consent items approved included the payment to the City of San Antonio for October 2025 and minutes from previous Special and Regular Board Meetings. Committee reports were accepted for the record. A primary discussion centered on Affordability Through Financial Stewardship, focusing on credit ratings, budget processes, refinancing savings, investments, and customer rates. The FY2026 Third Quarter Performance Update covered financial results, past-due receivables, and enterprise scorecard metrics. The Board convened in Executive Session to discuss competitively sensitive matters, personnel matters, and attorney-client matters, approving the competitively sensitive items upon reconvening.

The Special Meeting of the Board of Trustees included a safety message, invocation, and Pledge of Allegiance. There were no members of the public who wished to provide comment. The Board convened into Executive Session to discuss Personnel Matters, specifically the evaluation of Trustee Candidates, and Real Property Matters, pursuant to Chapter 551 of the Texas Government Code.