SB1110 would prevent cities such as San Antonio and Austin from continuing to receive revenues from their municipally owned electric utilities.
a municipally owned electric utility from transferring revenue to a city “if the transfer would result in a rate increase or financial deficit for the municipal utility.”state Sen. Nathan Johnson
“Help me understand what that means, because I guess by definition, any time they are transferring money to the general fund, theoretically they could have lowered their rates by that amount,” Johnson said. But by Schwertner’s own logic, any rate hike by a municipally owned electric utility could be prevented or reduced if the utility didn’t have to transfer part of its revenues to its governing city.
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