Austin Local News

News > News > Austin Local News > Georgetown continues to look for help with it's renewable energy problems

Georgetown continues to look for help with it's renewable energy problems

Since February 1, Georgetown's electric utility rates have jumped by more than $12.  Last year, the city council promised customers that a new 100-percent renewable energy contract would lower rates for 20-years, but just the opposite has happened.  

Engineering consultant Steve Moffitt said this kind of contract requires ample management, which the city doesn't have.  Moffitt also said the city needs to spend more money on a third-party to manage the electric portfolio, but it's not clear what impact that will have on taxpayers.

And the city has wound up on the hook for $8-million more than it anticipated because of a sharp drop in oil and gas.

 

(Photo: Shutterstock)

Austin Local News
State lawmakers honor the fallen during a Memorial Day service at the State Capitol. Governor Greg Abbott says the...
Austin Local News
Schools in Texas will look and act differently under a sweeping school safety measure passed by the state House...
Austin Local News
Austin and Texas-based filmmakers are waiting with bated breath as the state Legislature puts the finishing...
Austin Local News
A former San Marcos High School teacher is wanted by police for sleeping with a student eleven years ago. San...
Austin Local News
From 2016 to 2018, Travis County Chief Medical Examiner Keith Pinckard said there has been a net increase in drug...