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Austin Energy explains rate buckets, PSA and general fund transfer during commission briefing
Summary
Acting General Manager Rusty Manus walked commissioners through how Austin Energy's base rates, power supply adjustment (PSA), regulatory charge and community benefit charge recover different costs; staff explained which revenues are "pass through" and how general fund transfers are treated.
Rusty Manus, acting general manager at Austin Energy, presented a briefing explaining the different components of a customer bill and what each recovers. Manus said base rates cover distribution and operations and maintenance costs — "poles, wires, transformers" and personnel and fleet costs — while the power supply adjustment, or PSA, covers power-supply costs such as market purchases, purchased-power agreements, and fuel. He described the regulatory charge as largely for "wholesale transmission costs" that Austin Energy pays to transmission service providers in ERCOT, and the community benefit charge as a combination of service-area lighting, the energy efficiency…
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