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Key Players & Topics In This Article
Austin Energy: As a municipally-owned electric utility, Austin Energy is a rarity in the largely deregulated State of Texas. It's annual budget clocks in at over $1 billion. The utility's annual direct transfer of a Council-determined percentage of its revenues offers the city a notable revenue stream.
Austin Energy Utility Oversight Committee: The Austin City Council committee on Austin Energy was created in May 2013 to provide oversight of the city's electric utility. It's creation was marked by political maneuvering that ultimately resulted in a committee comprised of every member of the Austin City Council.
ERCOT: Electric Reliability Council of Texas. The state-level organization that organizes utilities throughout the state. According to its web site, ERCOT, "manages the flow of electric power to 24 million Texas customers - representing 85 percent of the state's electric load."
Fayette Power Plant: The coal-fired power plant co-owned by the City of Austin and the Lower Colorado River Authority.
Lower Colorado River Authority: The quasi-governmental organization charged with, among other key items, regulating water policy for the Lower Colorado River--the body of water that runs through the heart of Austin. The creation of the organization in 1934--and the eventual series of dams it built--helped send electricity to portions of the Texas Hill Country.