San Antonio-owned utility board chair to resign

AP News
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Posted: Dec 09, 2009 11:01 AM

The board of trustees for San Antonio-owned CPS Energy will need a new leader because the chairwoman is resigning.

The announcement from Aurora Geis came as the utility is facing a multibillion-dollar hike in the projected cost for two more units at the South Texas Project.

San Antonio Mayor Julian Castro had pushed for Geis to resign from the five-member board, which will recommend a replacement. The San Antonio City Council has the authority to approve a new board member. Castro says the issue will be taken up next week.

Geis on Tuesday offered a tentative Jan. 25 date for her board resignation, unless a replacement is chosen sooner.

CPS Energy seeks to expand its two-unit nuclear complex about 90 miles southwest of Houston. Recent cost estimates topped the preliminary $13 billion figure.