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Commissioners say Austin Energy offered limited data on district cooling; outside firm signals interest
Summary
At a Resource Management Commission meeting, members reported that Austin Energy’s district cooling team said it is exploring growth rather than an immediate sale, but commissioners said staff provided limited financial data. A private district-energy firm, Cordia Energy, introduced itself and said it is open to partnering with Austin Energy.
A sub quorum briefing with Austin Energy staff about the utility’s district cooling system produced assurances that the utility is not currently pursuing a sale, but commissioners said the meeting delivered little additional financial detail and that formal public information requests may be needed to get records.
Commissioners raised transparency concerns after a March 11 sub-quorum meeting. Commissioner Davis, who sponsored the briefing, said Austin Energy staff “did assure us that they are not at this time seeking a sale, but rather that they wanted to explore how to expand, to grow the system,” and added the system is not yet operating on a “sustainable financial level.”
Vice Chair Robbins told fellow…
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