The leader of San Antonio’s electric and gas utility has been reappointed to another term on the board of the local branch of the nation’s central bank.

The Federal Reserve Bank of Dallas announced Thursday that CPS Energy President and CEO Paula Gold-Williams was selected for a second three-year term on the board of the bank’s San Antonio branch.

“In her role as a board member, she provides input into regional economic conditions as part of the Federal Reserve’s monetary policy functions,” Dallas Fed officials said in a Thursday news release that cited Gold-Williams’ decades of experience in private and public finance.

Gold-Williams has headed CPS Energy, the largest publicly owned power utility of its kind in the U.S., since 2015. A certified public accountant, Gold-Williams came to the utility in 2004 from the private sector, where she held top finance roles at Time Warner and Luby’s.

Gold-Williams, a San Antonio native, first joined the local Fed board in 2018 and said she’s “honored” to serve another term.

“I’m proud to have a seat at the table to provide input into our community’s current economic conditions and how that impacts our economy at the local and regional levels,” Gold-Williams said in a prepared statement.

Created in 1913, the Federal Reserve Banks are divided into 12 districts, each headquartered in a major U.S. city. The district that includes Texas has a head office in Dallas, with branch offices in San Antonio, Houston, and El Paso.

The San Antonio’s branch’s board consists of four directors appointed by the Dallas Fed and three appointed by the Federal Reserve’s Washington, D.C.-based board of governors. Gold-Williams received her appointment from the board of governors.

Gold-Williams’ current terms ends Dec. 31, 2023.

CPS Energy is a financial supporter of the San Antonio Report. For a full list of business members, click here.

Brendan Gibbons

Brendan Gibbons is a former senior reporter at the San Antonio Report. He serves as the assistant manager of the Greater Edwards Aquifer Alliance.