After taking heat for trying to increase customer rates while top-level executives receive sizable bonus checks, CPS Energy is doubling up on efforts to save face.
During a presentation before City Council last Thursday, CPS CEO Doyle Beneby said the utility is formulating a plan that could lessen bonus pay and cut the proposed rate hike. “We’ve come up with a plan that I think can significantly reduce the pay out even more,” said Beneby, in his second briefing before council on the rate increase.