| Board Description |
| Board Composition: | The SA Energy Acquisition Public Facilities Corporation (SAEAPFC) is comprised of seven (7) Directors: The five (5) Members of the CPS Energy Board of Trustees; the CPS Energy President & Chief Executive Officer; and the CPS Energy Chief Financial Officer. Directors shall serve for a term of two years, except that terms of all Directors shall expire on January 31 of odd-numbered years. A Director whose term on the CPS Energy Board of Trustees or whose employment with CPS Energy concludes before the expiration of the term as a PFC Director shall also conclude his/her term as a PFC Director. A Director appointed to replace a Director who has resigned, died, become incapacitated, or been removed during his or her term, and a Director appointed to replace a Director who served on the CPS Energy Board of Trustees shall serve for the remainder of the predecessor’s term. Directors whose terms have expired shall continue to serve until his or her successors are appointed. The SAEAPFC does not accept applications from residents or any other outside organizations or agencies.
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| Appointed by: | City Council |
| District; At-Large; Mayoral Appointment: | Other |
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| Mission/Purpose: | The SA Energy Acquisition Public Facility Corporation is a non-profit, public facility corporation that was organized under the Texas Public Facility Corporation Act (the "Act"). The SA Energy Acquisition Public Facility Corporation was created with the approval of the City Council in order to assist CPS Energy in financing, refinancing, and providing "public facilities" (as defined under the Act), including interests in natural gas to be devoted to public use by CPS Energy. |
| Meeting Schedule & Location: | Meeting times and locations vary. Please refer to the posted agenda to obtain meeting details at: https://www.cpsenergy.com/en/about-us/who-we-are/trustees/board-meetings.html |
| Website Information: | https://www.cpsenergy.com/en/about-us/who-we-are.html?linkvar=footerlink
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| Ordinance/Articles of Incorporation/By Laws: | Pursuant to Ordinance No. 83050 and later ordinances and bond covenants approved by City Council, a nominee for the CPS Energy Board shall be elected by the majority vote of the CPS Energy Board. The nomination is submitted to the City Council for confirmation.
Pursuant to Resolution No. 2007R-04-19-0455, City Council appoints the members of the CPS Energy Board of Trustees along with the President and CEO and the Chief Financial Officer of CPS Energy to the board of the PFC. |