CPS Energy is the nation’s largest municipally owned energy company providing natural gas and electric service. Acquired by the city of San Antonio in 1942, CPS Energy serves more than 630,000 electric customers and more than 310,000 natural gas customers in and around the eighth largest city in the United States. CPS Energy bills rank among the lowest in the nation’s largest cities, and the company has earned the highest financial ratings of any electric system in the nation.

Texas Lawyer reporter Miriam Rozen asked questions via e-mail of CPS Energy Chief Executive Officer and General Manager Milton B. Lee and Senior Vice President and General Counsel N. Beth Emery. The edited discussion appears below.

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