Austin Energy Company Description
The capital city of Texas may have a laid-back reputation, but it uses plenty of energy. Austin Energy is a municipally owned electric utility that serves 388,000 residential and commercial customers. Its more than 2,600 MW of generation capacity comes primarily from its interests in three gas-fired plants, part-ownership of a coal-fueled facility, and a 16% stake in a nuclear-powered plant. Renewable energy sources include wind power and landfill methane. Austin Energy has been producing electricity since 1895, when a hydroelectric plant opened on the Colorado River. Power deregulation took effect in Texas in 2002, but as a city-owned utility, Austin Energy is not required to participate.
View the Comprehensive Company Description for Austin Energy
The Company Description provides a historical perspective of Austin Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Austin Energy's evolution in the marketplace.
