Austin Energy will, in fact, be purchasing the Nacogdoches Generating Facility for $460 million. Buying the East Texas biomass power plant is the city-owned utility’s way out of a controversial $2.3 billion contract that has been under intense scrutiny over the past few years. The 20-year contract has lost Austin Energy an estimated $54 million […]
Biomass
Biological material derived from living or recently deceased organisms.
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AE officials deeply concerned over Riley resolution
Austin Energy General Manager Larry Weis told the Monitor Tuesday morning that a resolution from Council Member Chris Riley would be a negative for the utility. “This IFC speaks to actually acting, to actually carrying out and acting — and this is a real similar set of circumstances that got us into making a decision […]