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Austin City Council Meeting

December 27 @ 12:21 pm

Basic Info

Date:
December 27, 2024
Time:
12:21 pm
Event Tags:
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An agenda is not yet available for this meeting, so be sure to check back later for more details about this upcoming city council meeting. 

However, one thing that is expected to be on the agenda is Austin Energy, and the possible extension of its large-scale business energy contracts. More info below:

May 7th is a big day for Austin Energy. It's the first day that city council could take a vote on the soon-to-expire contracts held by about a dozen large, energy-consuming businesses operating here in Austin. For years, these businesses, which includes Samsung, have enjoyed favorable contracts, paying electricity rates lower than those paid by other Austin Energy customers. If council votes to extend the contracts, Austin Energy predicts that it will leave the utility $25 million in the hole, forcing residential customers to pay more in order to close that gap.

Samsung, on the other hand, says that if the contracts are not extended, its electricity bills could jump up by 40 percent overnight. The Texas legislature has also weighed in, threatening Austin Energy with deregulation if electricity prices for these large business customers get too high. 

So what is the city going to do? Earlier this week, the Austin American-Statesman reported that Mayor Adler is considering a short term contract extension while longer term deals are worked out. Stay up to date on what city council is planning by frequently checking in on this upcoming week's city council agenda>>