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Austin Energy reports stronger-than-budget Q3 results; transfer boosts power-supply reserve
Summary
Interim CFO Stephanie Koudelka said operating results for the quarter ended June 2025 trended above budget, enabled in part by a $30 million transfer to the power supply stabilization reserve; the utility remains rated AA- and reported $109 million overrecovery on the power-supply adjustment.
Austin Energy reported third-quarter financial and operational highlights to the Utility Oversight Committee on Oct. 7, with staff saying operating income and net income trended above budget for the period ending June 2025.
Interim Chief Financial Officer Stephanie Koudelka told the committee the utility moved $30 million from a power supply overrecovery into its power supply stabilization reserve earlier in the fiscal year. She said that transfer helped the utility meet its financial policy of 90 days of…
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