CPS Energy CEO gets $410k bonus

[Blake]

SAN ANTONIO - Doyle Beneby, CEO of CPS Energy, is getting a $410,000 bonus, doubling his salary over the next year to $820,000.

The CPS Energy board of trustees approved the maximum payout during a review of his contract because it says the public utility hit goals for safety, customer service and financials health. Beneby will get half now and the other half when his contract expires in 12 months.

“We just got a report that over 112 new jobs have been created in the last year based on the leadership of Mr. Beneby,” said board president Derrick Howard. “You can only advance if you're succeeding, and I think some of the things we done over the past year, by the new energy economy, bringing in six new companies to San Antonio, they're not only making an investment in their companies but also in education. That's huge.”

The huge payday comes after Beneby took heat for his lavish meal expenses, that I uncovered earlier this year. A month ago Beneby and other top executives said they would not accept a raise after I [Collister]uncovered the utility handed out 16 million in bonuses to employees with some top execs getting six figure payouts.......

http://www.woai.com/content/blogs/briancollister/story/CPS-Energy-CEO-gets-410-000-bonus/odmfz9AW1k-yiTVVBleBsQ.cspx

[Blake]

Why is a monopolizing utility company giving out bonuses at all?

[Drachen]

for hitting safety, customer service and financial health goals.

[CosmicCowboy]

It's a pretty damn big utility company and I'm sure they looked at executive compensation in similar for profit utilities to get a baseline of what was the norm.

[CosmicCowboy]

What is white, weighs 14,000# and sleeps 4?

[Drachen]

don't know, what cc?

[CosmicCowboy]

A CPS truck.

[Drachen]

LOL, well, only when they aren't starting fires in the middle of the county's worst drought.

[Blake]

It's a pretty damn big utility company and I'm sure they looked at executive compensation in similar for profit utilities to get a baseline of what was the norm.

Is that why they raised our rates?

[CosmicCowboy]

Is that why they raised our rates?

When did they raise the rates?

[boutons_deux]

A public utility, it should be a coop with any profits refunded annually to coop members.

[CosmicCowboy]

A public utility, it should be a coop with any profits refunded annually to coop members.

The profit is returned to the City of San Antonio.

[Blake]

When did they raise the rates?

They were going to. I didn't realize they held off.

I wonder if it's coincidence after the CEO got busted racking up expensive lunch bills and putting them on the CPS credit card.

http://www.mysanantonio.com/news/local_news/article/CPS-delays-rate-increases-3543951.php

[mouse]

This is like the aquifer restrictions in San Antonio don't water your grass, only one shower a week, don't drink more than three cups a day, and then the San Antonio water utility donates 5 Billion gallons of water to China.

It's a slap in the face to the hard working people of San Antonio who have to set they're AC on 87 degrees so they don't have a high bill and yet they give 400,000 dollars to some spook from Illinois who has his AC set on 59 degrees with the windows open in his 5 bedroom 3 1/2 bath house.

[TDMVPDPOY]

This is like the aquifer restrictions in San Antonio don't water your grass, only one shower a week, don't drink more than three cups a day, and then the San Antonio water utility donates 5 Billion gallons of water to China.

It's a slap in the face to the hard working people of San Antonio who have to set they're AC on 87 degrees so they don't have a high bill and yet they give 400,000 dollars to some spook from Illinois who has his AC set on 59 degrees with the windows open in his 5 bedroom 3 1/2 bath house.

tell that too the fkn boomers or wankers who live in rich estates with big gardens at teh front and back that gives their property some value...fck them

we had teh same shit down here 2 years ago with water restrictions and state reserves below 30%....what they did is went and spent 3billion building a water desalination plant still work in progress running over budget not even finish fkn french wankers building the shit taking their time as usual, while the state water reserves has gone back up to 70%......cant wait to drink sewage water, cant complain if u compare to clowns around the world with no water drinking...