Bondholders Pressure CPS Energy To Raise Rates

CPS energy is coming under pressure from its bondholders to raise its rates for the first time in more than seven-years. At the same time, the utility knows a lot of its customers are still having tough times financially. Certain economic factors are leading moneylenders to want CPS to charge a higher rate. The utility still has billions in long-term debt, but is aware of the setbacks many customers suffered from the pandemic and the February winter storm.