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Austin Energy pays the city 115 million every year. Austin Energy earns no profits and pays no federal income taxes. All revenues benefit the customers of Aust
by thelastgallon 2y ago
Austin Energy pays the city 115 million every year.
Austin Energy earns no profits and pays no federal income taxes. All revenues benefit the customers of Austin Energy and the residents of the City of Austin. The primary financial benefit to the City of Austin is Austin Energy’s transfer to the General Fund, which is set by policy and allocated by elected City Council members to municipal purposes such as fire and parks.
https://austinenergy.com/about/company-profile/numbers https://austinenergy.com/about/company-profile/numbers
- ProllyInfamous 2y agoThe only city utility I've experienced better than Austin Energy is Chattanooga's Electric Power Board (which offers up to 20gb/s fiber to every single electricity customer in their jurisdiction, except some apartment complexes). Inexpensive, reliable, and heavily litigated (just how I like my local utility).