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Austin Energy reports $119M over‑collection and reviews 12 All‑Resource RFP proposals, none for local utility‑scale solar
Summary
Acting CFO John Davis reported a quarter‑end $119 million over‑collection in power supply adjustment and a 194‑day cash balance; Deputy GM Lisa Martin said the All‑Resource RFP returned 12 in‑zone proposals (7 battery storage, 5 natural‑gas) and no local utility‑scale solar offers, and staff will continue evaluation with community engagement planned for April.
Acting Chief Financial Officer John Davis told the Utility Oversight Committee that Austin Energy’s operating income for the quarter ended Dec. 31, 2025, was approximately $6 million below budget, driven largely by lower transmission revenues.
Davis reported that the power supply adjustment was about $119,000,000 over‑collected as of Dec. 31, 2025; that overcollection contributes roughly 32 days of the utility’s reported 194 days cash on hand. He said Standard & Poor’s affirmed Austin Energy’s AA‑ bond rating in October 2025 and that staff expect to continue gradual rate…
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