Texas cities say Abbott's proposal to disband their electric companies won't lower costs

CPS Energy has budgeted a payment of $559. 7 million to the city of San Antonio for fiscal year 2027.

Credit: Facebook / CPS Energy The cities of Austin and San Antonio stand to lose hundreds of millions in revenue each year if a proposal by Gov. Greg Abbott to disband their energy utilities is enacted by the Legislature.

That's the point, say supporters of the proposal, who argue that money should be going to lower customers' electricity bills rather than city priorities.