electricity Coal Plant Closures Could Raise Electricity Rates In Austin. Or Maybe Not. By Mose Buchele • Nov 30, 2017 Gabriel Cristóver Pérez / KUT The announcement that three coal power plants in Texas plan to close next year is likely good news for the environment, but bad news for the people who worked at the plants. As for what it means for your electric bill if you live in Austin, that’s complicated. That was basically the message Austin Energy, the city’s publicly owned electric utility, delivered this month to a city oversight committee. 3 Takeaways From Unprecedented Texas Coal Plant Closures By Mose Buchele • Oct 16, 2017 Robert W. Hart / The Texas Tribune Energy company Luminant says it’s shutting down three of its coal-fired power plants in Texas by early next year. The sudden closure of so many plants is unprecedented. That's not the only thing unexpected about the closures, though.