Item 5- Recommendation to Obtain Information on AE District Chilling System — original pdf

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Resource Management Commission Resolution to Obtain Information on Austin Energy’s District Chilling System WHEREAS, in 2024, Austin Energy proposed to sell its district chilling system because it was not being operated profitably, and; WHEREAS, the Resource Management Commission passed a Resolution at its July 16, 2024 meeting asking the Austin City Council to delay consideration of the proposal to sell its district chilling system until it was more thoroughly reviewed by stakeholders in the community (Recommendation No. 20240716-00); and WHEREAS, Austin Energy delayed, but never officially cancelled, the proposed consideration of sale; and WHEREAS, information relevant to this sale that could reveal why the district chilling system is not being operated profitably has not been made publicly available; and WHEREAS, this information would be key to revealing how Austin Energy can correct the district chilling system’s economic problems; and WHEREAS, this relevant information will need to be revealed to potential bidders in the private sector anyway if this sale is to take place; THEN BE IT RESOLVED that the Resource Management Commission requests that the Austin City Council direct Austin Energy to provide public information relevant to the district chilling system’s profitability, including the financial information for each individual district chilling system customer: A) the annual consumption for the last 3 fiscal years; B) the annual revenue collected for the last 3 fiscal years; C) the annual revenue required for profitability; D) the year that sufficient revenues can begin to be collected based on contract language. AND BE IT FURTHER RESOLVED that the Commission requests this information be provided by April 1.