Every time the weather changes, the City of Austin either makes money or takes a hit to its bottom line. That’s because Austin owns its own water and electric utilities. Their revenue is tied to what it’s like outside, and the weather this year has upset a lot of expectations.
Every five years Austin Energy reevaluates the rates it charges customers. That process will begin in the spring when, for the first time, there will be an independent advocate at the table speaking for Austin Energy customers.