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LCRA Announces Full Reservoirs
LCRA Announces Full Reservoirs
Mar 27, 2017
by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC. All rights reserved
On 3/26/17, the Austin American Statesman published an op-ed piece by LCRA’s Board Chairman Timothy Timmerman, announcing that LCRA’s “wholesale power rate in fiscal year 2017 is 24 percent lower than it was in fiscal year 2015,” and that it has also “identified more than $350 million in expected rate relief over a multi-year period for our wholesale power customers.” On the water side of its business, the Chairman explained that last year’s abundant rains had refilled Travis and Buchanan water reservoirs on the Colorado River. He wrote that LCRA is making progress on the Lane City Reservoir and has received a federal award to help construct a new reservoir in Colorado County, in addition to planning new investments in water supply facilities.
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