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…