Doyle Beneby, CEO of city-owned utility CPS Energy, is getting a $410,000 bonus, doubling his salary over the next year to $820,000.
The CPS Energy board of trustees approved the maximum payout during a review of his contract because the public utility hit goals for safety, customer service and financial health. Beneby will get half now and the other half when his contract expires in 12 months.
“We just got a report that over 112 new jobs have been created in the last year based on the leadership of Mr. Beneby,” board President Derrick Howard said. “You can only advance if you're succeeding, and I think some of the things we've done over the past year, by the new energy economy, bringing in six new companies to San Antonio, they're not only making an investment in their companies but also in education. That's huge.”