CPS Energy hosted this Access Live event to discuss the possible need for a rate increase. A panel of representatives from CPS Energy discussed how the company has only asked for a rate increase once in the last 12 years, and the last rate increase was 8 years ago. Panelists also discussed reasoning for the increase citing, community growth and high infrastructure costs that new customers cannot shoulder. They also explained their technology needs as their 20 plus year old system, which supports all internal and customer functions and has 125 plus apps built on, that needs wholesale replacement. CPS Energy also explained wanting to invest in their people with less than 3,000 employees, ongoing retirements and competition for young, degreed professionals.