Tag Archives: austin energy

[NEWS] Financial Concerns Around Idle Texas Biomass Facility

– by Mark Lisheron, May 7, 2018, Texas Monitor

nacogdoches_texas-monitorFor almost six years, Austin Energy customers have been paying about $54 million a year for a power plant in East Texas not to produce biomass energy.

Those customers also paid $128 million to build the plant.

Nearly two years ago, the city of Austin hired a staff of attorneys to see if Austin Energy could get out from under a 20-year contract that even supporters of the wood-burning power plant came to see as a terrible deal for utility customers.

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[NEWS] Investigation of East Texas Biomass Contract Launched

– by Mark Lisheron, July 29, 2016, Watchdog

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Photo: southerncompany.com

Attorneys retained with your tax dollars will determine whether you are throwing good money after bad by trying to get out from under a biofuel deal costing Austin Energy customers $54 million a year.

The legal bill might reach $100,000 before lawyers are able to say if Austin has any choice other than to pay the cost of building a waste wood-burning plant that has for four years produced almost no energy.

Staff for Mayor Steve Adler on Tuesday confirmed the city had hired attorneys to look at the contract between Austin Energy and Southern Power, operator of the idle Nacogdoches Operating Facility in East Texas.

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