CPS leaves options open as financial uncertainty looms

The board of trustees for CPS Energy gave CEO Paula Gold-Williams approval Wednesday to enter into over $1 billion in debt negotiations as the utility looks to remain flexible during market uncertainty caused by the Covid-19 pandemic.

The only financial transaction CPS Energy must undertake over the next 12 months is the remarketing of $100 million in debt, Gautam Shringarpure, interim director for debt management at CPS, told the board Wednesday.

The trustees unanimously approved that transaction…

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