CPS Energy Awards Financial Services Contract to Mfs Investment Management (November 2025)

CPS Energy will hire MFS Investment Management to manage international equity assets for its Nuclear Decommissioning Trusts via the MFS International Diversification Fund, effective February 1, 2026. The new mandate replaces an underperforming manager and aligns with the trusts’ long-term growth strategy.

Document date · November 17, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Effective February 1, 2026; two-year Investment Manager Agreement term

Renewal date

2028-01-31

Renewal

Two-year PFIA-governed Investment Manager Agreements starting February 1, 2026; subsequent renewals will require Board approval.

Document type

AgendaPacket

Source document

CPS Energy Board of Trustees Meeting Agenda Packet Nov 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by CPS Energy?

Mfs Investment Management was awarded this financial services contract by CPS Energy, as recorded on November 17, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in CPS Energy Board of Trustees Meeting Agenda Packet Nov 2025 (AgendaPacket), dated November 17, 2025 from CPS Energy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mfs Investment Management hold?

Mfs Investment Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Mfs Investment Management's profile

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