Beneby bidding farewell to CPS Energy

CPS Energy President and CEO Doyle Beneby announced recently that he plans to resign from the helm of the San Antonio municipal utility Sept. 30.

Beneby has led CPS since the summer of 2010. The San Antonio Express newspaper reported that Beneby will be leaving to take another job.

Beneby, who came to CPS from Exelon (NYSE:EXC) is one of the few African American CEOs in the power sector.

During his tenure CPS has been very aggressive on expanding renewable energy. Prior to his arrival, CPS had looked at investing in a potential new nuclear unit at the South Texas Project.

Beneby announced his plans to leave in an Aug. 12 Twitter message. He called it “bittersweet news.”

“Going forward, within a few weeks, I’ll be able to share what my next career adventure will be. I also hope to stay connected in some way to the San Antonio community for years to come.”

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.