By San Antonio Business Journal

CPS Energy board of trustees named a new president and CEO of the municipally owned gas and electric utility.

Doyle Beneby, 50, will leave his current position as president of Exelon Power, a subsidiary of Exelon Corp. in Chicago. Benebyâ¿¿s contract is effective Aug. 1. The board approved a compensation package of $360,000 per year.

He will replace Milton Lee as president and CEO upon Leeâ¿¿s retirement on Sept. 30. Lee joined CPS Energy in 2000, and became 2002 in CEO. Lee announced his retirement plans last September.

Jelynne LeBlanc Burley is currently serving as acting general manager.

⿿Bringing in a utility executive of Doyle Beneby⿿s caliber and experience is going to be a great benefit not only for CPS but for our city⿿s long-term energy future,⿝ Mayor Julian Castro says. ⿿He will help us take a fresh look at our energy alternatives and the best way to bring them to bear for San Antonio. I also want to add my thanks to Jelynne Burley for her special service over the past months. She is a wonderful asset for CPS and San Antonio.⿝

Copyright 2010 American City Business Journals
Copyright 2010