Austin Energy Pledges Shut Down of its Stake In Power Plant by 2022

By ANDY BEHLEN Austin Energy pledged last week to pay off $5 million in debt associated with the Fayette Power Project as part of a plan to shut down its portion of the coal plant by 2022. The City of Austin electric utility also pledged to present a timeline for the shutdown by next year, according to an article that appeared Friday in the Austin American-Statesman.

Austin Energy co-owns Units 1 and 2 at FPP with the Lower Colorado River Authority. LCRA owns Unit 3 and operates all three units. 

The plan requires approval from Austin City Council, which was set to vote on the matter Monday, Aug. 29. 

To view more please log in or subscribe to the digital edition.