From The Austin Monitor:
A key Austin Energy reserve fund that would be used to pay for the potential decommissioning of the Decker Lake gas generation plant has no money that could be used in that effort, according to Austin Energy.
Utility spokesman Carlos Cordova told the Austin Monitor in an email that a City Council-approved Austin Energy fiscal policy for funding such a decommissioning of a non-nuclear plant “should occur four years before the start of plant closure.”
Cordova continued: “The amount to set aside should be based upon a decommissioning study of the plant site. There are currently no funds in that decommissioning reserve and a decommissioning study has not been done. Council resolution 20140828-157, which includes replacing Decker with 600 megawatts of contracted utility-scale solar, will require funding of this reserve in the near future.”
Austin Energy officials would not hazard a guess at the full cost of decommissioning the plant. However, should the utility elect to replace the facility, it has estimated the cost of the construction of new transmission lines to be in the neighborhood of $150 million.