Austin Energy Budget
Austin Energy is a community-owned electric utility and the largest City of Austin department. Annually, revenues exceed $1.2 billion with annual operating and maintenance expenses of more than $450 million and fuel and purchased power costs of $425 million. Austin Energy operations are funded entirely from revenues received through the sale of electricity and related services. The utility receives no tax revenue.
Building a Competitive Utility
Austin Energy serves more than 417,000 customers over a 437 square mile area. This requires an investment of about $200 million
a year to maintain, upgrade and expand the electric system and generation of the utility
to meet the growth in energy demand.
As a community-owned electric utility, Austin Energy provides a return to the City that helps fund fire, police, parks, libraries and
other City services.
Austin Energy’s Fiscal Year
Like all City departments, the fiscal year for Austin Energy begins on October 1 and ends September 30. The Austin City Council sets Austin Energy’s budget and electric rates.
For additional budget and financial information visit AE Data Library (Finance)