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EUC debates restarting formal rate review as staff warns of multi‑year deficits
Summary
The Electric Utility Commission urged Austin Energy to safeguard funding for its Resource Generation and Climate Protection Plan and debated whether to delay residential rate increases in favor of a formal rate adequacy review and possible rate case; staff warned of multi‑year deficits and urged incremental increases to protect reserves.
The Electric Utility Commission on March 9 pressed Austin Energy to ensure the utility’s upcoming budget preserves funding for climate and reliability goals while debating whether the city should start a formal rate review rather than include residential rate increases in the budget.
Cyrus Reed, an EUC member, offered a two‑part recommendation: ask Austin Energy to budget sufficient funds to meet the Resource Generation and Climate Protection Plan goals and to refrain from increasing residential rates through the budget process, instead initiating a rate review or rate case process. “We recommend not increasing Austin Energy rates for residential customers in the next fiscal year and instead beginning a rate case process,” Reed said.
Austin Energy staff…
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