KXAN, April 23, 2019
Austin Energy is paying hundreds of millions of dollars to get out of a $2 billion energy contract it entered into back in 2012. City leaders say they are saving customers money. But critics say it was a bad deal in the first place.
The City now owns this wood-burning plant in Nacogdoches rather than leasing energy from it like it did before.
Environmental activist Paul Robbins tells me the purchase is the end of a more than $2 billion, long-term mistake.
Paul Robbins: I compared benchmark costs of what a biomass plant should have cost compared to what we were being charged. The cost difference was stark. It made no sense.