San Antonio

Embattled CPS Energy President, CEO Paula Gold-Williams will resign in 2022

SAN ANTONIO – After months of controversy following the brutal winter storm in February, CPS Energy President and CEO Paula Gold-Williams has knowledgeable the Board of Trustees she will resign efficient in early 2022.

“I am thankful to CPS Energy’s 3,000 exceptional energy experts who have never wavered in serving our customers and our entire Greater San Antonio community,” Gold-Williams mentioned in a information launch Wednesday afternoon.

Gold-Williams, who made a base wage of roughly $486,000, struggled to guide the utility by way of flaws uncovered by the winter storm. She confronted a number of inner complaints and the utility plummeted in public opinion polls.

The utility has spent thousands and thousands of {dollars} on outdoors authorized charges preventing tons of of thousands and thousands of {dollars} in unpaid payments for pure fuel and energy that it was compelled to buy throughout February’s winter blast. Court data obtained by the KSAT 12 Defenders confirmed that a number of of these lawsuits have already been dropped by the utility.

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Records confirmed that CPS Energy didn’t stock up on pure fuel the way in which different utilities throughout the state did, placing them in an costly monetary bind when the value of pure fuel soared. One vitality knowledgeable mentioned CPS Energy was “caught flat-footed” by the winter blast.

So far, CPS Energy has already paid roughly $450 million in payments associated to the winter storm, whereas $585 million continues to be in dispute.

A Defenders investigation in September additionally revealed allegations that Gold-Williams repeatedly mistreated members of the utility’s senior management staff.

A month earlier, in August, a Defenders investigation confirmed how CPS workers had been paid tons of of 1000’s of {dollars} in further compensation resulting from call-in errors throughout excessive climate conditions.

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Her resignation comes lower than per week after the resignation of Fred Bonewell, who served as Chief Operating Officer for the utility.

Bonewell submitted the resignation after a Defenders investigation revealed that Bonewell made an ethnically insensitive remark in entrance of 4 fellow workers in October 2018, which led to a proper criticism being filed in opposition to him.

Gold-Williams pledged to assist the CPS Energy Board of Trustees transition as they transfer to seek out her substitute.

“The Board of Trustees thanks Ms. Gold-Williams for her dedicated tenure as President & CEO of CPS Energy,” mentioned Board Chair Dr. Willis Mackey. “We are confident that Ms. Gold-Williams will continue to provide excellent guidance to her employees and the company as we go through this transition period. Board members are committed to a thorough search to fill this vital role. We expect to have additional information about next steps in the coming days.”

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