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Austin Energy

All articles tagged with #austin energy

business2 years ago

Rising Electric Bills: Austin Energy's Fourth Rate Hike Sparks Concerns

Austin Energy is implementing its fourth rate increase in the past year, with the average residential customer's bill set to rise by approximately $1.50 per month starting from November 1. The previous rate changes included an increase of under $2 in October, a $15 average increase in November 2022, and a base rate rise to $13 per month in March. The latest increase is attributed to the cost of purchasing energy on the ERCOT market and covers charges such as the Community Benefit Charge, Regulatory Charge, and Power Supply Adjustment.

via KXAN.com|
#austin-energy#business#electric-utility
business2 years ago

Austin Energy gets new general manager in recent leadership appointments.

The City of Austin has announced several key leadership appointments, including Bob Kahn as the new general manager of Austin Energy. Kahn is a respected leader in the utility industry and is currently serving as the General Manager of Texas Municipal Power Agency. Other leadership appointments include Ken Snipes as Director of the Office of Homeland Security and Emergency Management, José Roig as Director of the Development Services Department, Michele Middlebrook-Gonzalez as Chief Strategic Communications & External Relations Officer, and David Gray as Assistant Director in the Economic Development Department.

via KXAN.com|
#austin-energy#business#city-of-austin
business2 years ago

ERCOT to compensate Austin Energy $2.86M for winter storm damages.

Austin Energy will receive a $2.86 million payout from the Electric Reliability Council of Texas (ERCOT) for financial damages caused by the February 2021 winter storm. ERCOT instructed Austin Energy to reduce output on the Fayette power project, causing the company to lose money as it could not sell power into ERCOT's market. The payout will be applied to the power supply adjustment, benefiting Austin Energy customers, and will help hedge against energy market pressures over the next six months.

via KXAN.com|
#austin-energy#business#ercot
business2 years ago

Austin Energy's General Manager Jackie Sargent Retires Suddenly

Jackie Sargent, the general manager of Austin Energy, has retired effective immediately following a public outcry after a February ice storm that left tens of thousands of people without power. Stuart Reilly, who served in Sargent’s administration, will serve as interim general manager. Sargent was recognized throughout her 40-year career as a visionary leader within the electric industry. Her departure is the latest in a string of changes among city leaders, including Assistant City Manager Rey Arellano and Jacqueline Yaft, executive director of Austin-Bergstrom International Airport. Interim City Manager Jesús Garza has been making organizational changes among city leaders and departments since taking office.

via Austin American-Statesman|
#austin-energy#business#interim-general-manager