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Resource Management Commission OKs extension of Austin Energy loan program with Velocity Credit Union
Summary
The commission voted to expand contract authority for a low- and no-interest loan program administered with Velocity Credit Union; staff said annual budgeted program funding remains $600,000 and the action only increases contract authority.
The Resource Management Commission voted to approve an expansion of contract authority for Austin Energy’s Better Building energy-efficiency lending program, allowing the utility to continue offering very low- and no-interest loans through Velocity Credit Union.
Richard Genesee, vice president of customer energy solutions at Austin Energy, told the commission the action is “just…
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