May 14 — Although Austin Energy expects to provide both residential and commercial customers with $35 million in bill relief between now and Sept. 30, the utility does not expect the rate reduction to greatly affect its balance sheet.

Austin Energy’s Chief Financial Officer Mark Dombroski told the Electric Utility Commission at its May 11 meeting that lowering electric rates for customers using more than 1,000 kilowatt hours per month will result in $4 million of “foregone revenue.”

— Austin Monitor