Click to Watch Video
Click to Watch Video
For many in Texas, ice isn't a common sight, unless its in a …
In a move to increase water conservation, there’s a new law …
Advertisement
Council considers electric rate hike
Austin Energy presenting recommendations Wednesday
Updated: Thursday, 15 Dec 2011, 1:59 PM CST
Published : Wednesday, 14 Dec 2011, 5:29 AM CST
AUSTIN (KXAN) - Austin Energy presented its recommendations for 12.5 percent rate increase to the Austin City Council Wednesday morning during a special work session.
It would be the first rate increase in 17 years, and Austin Energy said it is necessary to stay above the red.
"The bottom line is we are $75 million this year in the red coming into our budget, so we need to raise revenue to cover our cost," said Austin Energy General Manager Larry Weis, during an interview in July.
Under the rate hike plan an Austin Energy customer would pay roughly $10 more a month more to power the average-sized home in Austin. Austin Energy also plans to add about $18 extra a month for all residential customers in "fixed fees."
Opinions that are derogatory, attack other users or are offensive in nature may be removed. KXAN is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report Abuse."
Email This
Print This
View Story on a Single PageAdvertisement
- No Stories Available
Advertisement
Advertisement