Austin Energy (AE) is planning a MAJOR INCREASE in residential electric rates beginning early 2012. Revenues collected from residential ratepayers will JUMP 23% all at once, and AE is promising to raise them an additional 2% EVERY year, for years to come after that. All the while, electric rates across the rest of Texas are expected to GO DOWN!
WHAT YOU NEED TO KNOW:
- Austin Energy’s Claims About Its Rate Proposal Don’t Hold Water
- The City of Austin Uses AE to Collect $150M a Year in Hidden Taxes, and 50,000 AE Customers Have No Vote in What Happens to the Money
- The Proposed Rates Overburden Residential Users By 20% or More
- Experts Say AE is Overstating Its Revenue Needs By $100M a Year
- There’s A Way To Fight back!