San Antonio

Chief legal officer among several executives leaving the company

SAN ANTONIO – CPS Energy’s chief legal officer is among several executives of the utility who’ve determined to depart the company, officers confirmed Wednesday evening.

Carolyn Shellman had labored for CPS since 2006, most lately as chief legal officer and normal counsel.

Officials didn’t present Shellman’s separation date. However, they confirmed she is considered one of a number of executives departing from the embattled utility.

Lisa Lewis, CPS Energy’s chief administrative officer, launched the following assertion Wednesday evening:

“CPS Energy has served Greater San Antonio diligently for 161 years. Our organization was built, in part, on a foundation of resiliency, sustainability and strong resources—in both technology and people. Over our history, we have employed thousands of people, and today we have a strong, talented team of 3,000 employees who function effectively in our complex and ever-changing environment. Recently, several executives, including our Chief Legal Officer (CLO), have decided to leave the company. We are grateful for their many contributions over their tenure and wish them the very best. We are fortunate to have a solid team of other executives and attorneys whose strong skills and abilities will help us through our transition. As organizational decisions are made, that information will be announced publicly.”

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Confirmation of Shellman’s exit comes two weeks after officers introduced that Gary Gold would step down as chief monetary officer however stay with the utility by the finish of June.

Gold’s retirement got here as the utility continues to combat to cut back greater than $1 billion {dollars} in payments from February’s winter storm.

When requested what different executives who had been leaving the company, a CPS spokeswoman on Wednesday identified that Chief Operating Officer Cris Eugster left in March after accepting a president and CEO position with one other energy company.

Since February’s storm, attorneys representing the utility have filed shut to twenty lawsuits in opposition to a lot of its pure fuel suppliers, accusing them of value gouging.

Records present CPS Energy was charged, at occasions throughout the storm, as much as 15,000% the regular rate for gas because it tried to proceed heating properties and powering its vegetation.

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Legal consultants have informed KSAT the lawsuits are unlikely to go in CPS Energy’s favor.

Utility officers have repeatedly mentioned they’re pursuing the fits so as to preserve from passing on the lots of of hundreds of thousands of {dollars} in payments to its prospects.

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