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Friday, December 4, 2015 by Tyler Whitson
Committee backs low-income energy savings ideas
Low-income Austin Energy customers may receive some additional help in lowering their bills in coming years, based on a recommendation that a City Council committee made on Thursday. The Austin Energy Utility Oversight Committee, which consists of the full Council
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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.