CPS Energy, by way of its electric and natural gas service contract with the General Service Administration (GSA) in Washington D.C., is a federal contractor. Consequently, they are required to report their contracting activity with large, small, minority, service-disabled, veteran, historically underutilized, HUBZone, and women-owned businesses.
If your company is interested in becoming a registered supplier for CPS Energy, please log on through their Supplier Registration Portal on their website. Registered suppliers receive notices of all bid opportunities for the Supplier Classifications selected.
CPS Energy’s Diverse Spend Calendar Year 2022 – Q1
CPS Energy is committed to partnering with our local, small, and diverse vendors when delivering service to the community. Since the start of the calendar year thru March 31, CPS Energy has spent $119 million, or 63% of all purchase orders, with businesses located in the San Antonio Metropolitan Statistical Area.
In this same timeframe, CPS Energy has spent more than $76 million with diverse firms: those identifying as Small, Minority, Women, or Veteran-owned. They do, however, continue to identify potential areas for improvement; among them, the various sub-categories of minority spending ($23 million), which they will seek to build and improve upon in the upcoming quarter.
At the time of this update, CPS Energy is evaluating Request for Proposal (RFP) responses for its proposed Disparity & Availability Study. As noted in the previous update from March 2, this effort is intended to help CPS Energy to better understand the availability of firms in their market and address areas of overall Minority- and Hispanic-owned spending. Once a consultant has been selected, and a contract executed, CPS Energy’s leadership and outreach teams will share a timeline of deliverables to outline the Study process as well as communicate how to ensure the community’s voice is heard.
As the study is conducted, CPS Energy’s Supply Chain team remains committed to engaging their local, small, and diverse vendors through aggressive, targeted outreach, to ensure contract opportunities are made available to all seeking to do business with their organization and contribute to the success of the community.
CPS Energy’s Diverse Spend Fiscal Year 2022
CPS Energy is committed to partnering with our local, small, and diverse vendors when delivering service to the community. During Fiscal Year 2022, spanning February 1, 2021, to January 31, 2022, CPS Energy spent nearly $420 million with firms located in the San Antonio Metropolitan Statistical Area. This figure represents 68% of all purchase order spending remaining within their service area!
In this same timeframe, CPS Energy spent more than $268 million with diverse firms, identified as Small, Minority, Women or Veteran-owned, or a combination of these designations. Nearly half of all purchase order dollars were spent with a company meeting these criteria. This represents an increase of more than 10% in utilization since Fiscal Year 2020, post-pandemic. Minority- and Woman-owned businesses, likewise, represent a significant level of CPS Energy’s total spend accounting for $94 million and $109 million—or a total of 18% and 19% of total purchase order spend, respectively. They continue to identify opportunities for adding diverse suppliers with a focus on increasing Minority- and Hispanic-owned contracts to be more in line with their community’s population demographics.
To elaborate, in Fiscal Year 2023 (Feb. 1, 2022 to Jan. 31, 2023), CPS Energy will conduct a Disparity & Availability Study. The related Request for Proposal was released in January 2022. This effort will help them better understand the availability of firms in their market and address areas of overall Minority- and Hispanic-owned spending.
As the study is conducted, CPS Energy’s Supply Chain team remains committed to engaging their local, small, and diverse vendors through aggressive, targeted outreach, to ensure contract opportunities are made available to all seeking to do business with their organization and contribute to the success of the community.
For more information, please visit cpsenergy.com
Source: CPS Energy
