[00:00:04]
THIS IS CARRIE FOR CHILL AND I WAS A LITTLE LATE DIALING IN AND JUST WANT TO LET YOU KNOW I'M HERE.
[CALL MEETING TO ORDER]
THEN I WILL CALL TO ORDER THIS VIRTUAL MEETING OF THE ELECTRIC UTILITY COMMISSION.UM, FIRST I WILL JUST, UH, FOR THE RECORD ANNOUNCE WHO'S IN ATTENDANCE.
UM, COMMISSIONER'S HOPKINS VIRTUAL LOOKS LIKE WE JUST GOT COMMISSIONER REED, UH, COMMISSIONER TUTTLE, COMMISSIONER BOYLE, COMMISSIONER, HADDON, COMMISSIONER TRUSSELL, AND COMMISSIONER WELDON.
UH, SO WE HAVE A QUORUM, UM, JUST A QUICK PROCEDURAL ISSUE.
I HAVE, UM, I HAD A CONFLICT ARISE AT 2:00 PM AND SO I HAVE A HARD STOP AT TWO.
SO VICE-CHAIR TUTTLE IS GOING TO TAKE OVER, UH, CHAIRING THE MEETING AT 2:00 PM AND I WILL DROP OFF, UH, AND REVIEW AND VERY CAPABLE HANDS.
UM, SO WE'LL, WE'LL GET STARTED JUST TO CONFIRM MR. VICE.
WE HAVE NO, UH, CITIZEN COMMUNICATIONS SIGNED UP IN ADVANCE.
UM, THEN MOVING ON TO APPROVAL OF
[1. APPROVAL OF MINUTES]
LAST MONTH'S MEETING MINUTES, UH, THE OCTOBER 12TH MEETING, THEY WERE CIRCULATED IN THE MATERIALS PROVIDED.ARE THERE ANY EDITS OR COMMENTS TO THOSE MINUTES? OKAY.
I WILL ENTERTAIN A MOTION TO APPROVE THE OCTOBER 12TH MEETING MINUTES.
YOU'RE THE ONLY ONE I CAN SEE.
UH, THE MINUTES ARE APPROVED, MOVING ON TO
[NEW BUSINESS – CONSENT]
NEW BUSINESS.UM, WE HAVE SEVEN ITEMS. ARE THERE ANY ITEMS THAT, UH, THE COMMISSIONERS WOULD LIKE PULL FOR DISCUSSION? ALL RIGHT HERE DONE.
I WILL ENTERTAIN A MOTION TO APPROVE ITEMS. NUMBER TWO, NUMBERS TWO THROUGH EIGHT.
COMMISSIONER HEAD AND ALL THOSE IN FAVOR, PLEASE SAY, AYE.
UM, BUT I JUST DON'T HAVE MY GALLERY VIEW ON.
UM, SO WITH THAT, UH, ITEMS TWO THROUGH EIGHT ARE APPROVED, UM, MOVING RIGHT ALONG TO STAFF BRIEFINGS AND REPORTS.
WE HAVE A COUPLE OF, UM, YOU KNOW, LARGE ONES HERE, THE FOURTH QUARTER OPERATIONS AND THE FOURTH QUARTER FINANCIAL BRIEFING.
UM, THERE IS ONE ITEM THAT I SPECIFICALLY REQUESTED, UH, FOR TODAY'S MEETING AND THAT'S ITEM NUMBER 10, UH, KRAMER SUBSTATION UPDATE.
AND BECAUSE I'VE GOT A HARD STOP AT TWO, I WAS HOPING TO TAKE THIS ONE OUT OF ORDER AND, AND DO THE KRAMER SUBSTATION UPDATE FIRST.
UM, THEN I CAN DROP OFF, UH, DURING, YOU KNOW, ITEMS NUMBER NINE OR 11, UM, AT, AT ANY TIME.
SO IF THAT'S ALL RIGHT WITH STAFF, COULD WE MOVE ON TO ITEM NUMBER
[10. Kramer Substation Update]
10? YES.MADAM SHAREWELL, UH, NATHAN PULLS UP ITEM NUMBER 10.
I ALSO WANTED TO MAKE A REQUEST GIVEN THE FACT THAT YOU AND I BELIEVE COMMISSIONER TROSTLE MAY BE LEAVING EARLY.
YOU MIGHT WANT TO TAKE A VOTE ON ITEM NUMBER 12 SO THAT WE CAN GET THAT SUBMITTED TO THE CLERK'S OFFICE.
SUSAN GRILLS CAN BE GETTING READY WHILE NATHAN GETS YOUR, A POWERPOINT UP AND WE'LL BE STARTING WITH YOU IN A MOMENT.
MARTY, DID YOU WANT TO TAKE ACTION ON NUMBER 12? SURE.
AND I HAVE REVIEWED AS PROMISED OUR, UM, OUR ANNUAL INTERNAL REVIEW REPORT AND, AND
[00:05:01]
I DIDN'T HAVE ANY SUBSTANCE OF CHANGES.UM, JEFF, JUST WHILE WE'RE ON, UM, I JUST WANTED TO MAKE ONE, I HAD ONE QUESTION AND THIS IS ON PAGE TWO AT THE BOTTOM OF THE REPORT.
IT REFERS TO THE AUSTIN ENERGY RESOURCE GENERATION AND CLIMATE PROTECTION PLAN TO 2025.
IS THAT THE, UH, FOR SOME REASON I HAVE IN MY HEAD, BUT IT'S 2030, BUT I COULD JUST BE WRONG.
I JUST WANT TO MAKE SURE WE HAVE THE TITLE RIGHT.
I'LL MAKE SURE THAT WE GET THE CORRECT TITLE ON THAT AND THE BOTTOM OF PAGE TWO.
SO I THINK IT IS, IT SHOULD BE 2030 AS I REMEMBER.
2025 WAS THE PREVIOUS VERSION.
I THINK, I THINK WE PASSED OR WE, WE RECOMMENDED A PLAN TO CITY COUNCIL THAT WENT THROUGH 2030 AS I REMEMBER.
SO WITH THAT CORRECTION, UM, I'LL ENTERTAIN A MOTION TO APPROVE THE EUC ANNUAL REVIEW FOR 2019 THROUGH 2020 SOME LIFT AND COMMISSIONER VIRTUAL, ALL THOSE APPROVED, ALL THOSE IN FAVOR.
I'M GOING TO ABSTAIN BECAUSE I WASN'T ON THE COMMISSION UNTIL JUNE OF 2020.
UM, MR. VICE LEE ECE ANNUAL REVIEW IS APPROVED.
UM, AND THEN WE WILL MOVE ON TO ITEM NUMBER 10, THE PREMIER SUBSTATION UPDATES.
I SEE WE'VE MOVED IN, UH, SUSAN GROSS.
SO, UH, YOU WERE FREE TO GO WHENEVER YOU'RE READY.
I'M SUSAN GROSS, AND I'M THE AUSTIN AND SHARED SERVICES PROCESS MANAGER.
AND I'M HERE TODAY TO PROVIDE YOU INFORMATION REGARDING THE NORTH BURNETT GATEWAY PLAN AND THE KRAMER LANE SERVICE CENTER.
NEXT SLIDE TOPICS TO BE COVERED IN TODAY'S PRESENTATION INCLUDE AN EXECUTIVE SUMMARY AS WELL AS INFORMATION ABOUT THE KRAMER LANE SERVICE CENTER SITE, ITS HISTORY AND ITS USES.
I'M ALSO GOING TO PROVIDE INFORMATION ABOUT HOW THE SITE IS IDEALLY LOCATED TO SERVE AREA GROWTH BY THE SIDING OF A SUBSTATION ON THE PROPERTY AND THROUGH ITS SUPPORT OF THE MOBILITY IMPROVEMENTS IN THE AREA.
AND FINALLY, I WILL BE COVERING THE STEPS THAT ARE NECESSARY TO CONSTRUCT AND ENERGIZE THE KRAMER LANE SUBSTATION PROPERTY.
NEXT SLIDE, THE KRAMER LANES IS LOCATED IN CENTRAL NORTH AUSTIN AND IS SUBJECT TO ZONING UNDER THE NORTH BURNET GATEWAY PLAN, WHICH WAS ADOPTED IN 2009.
HIS PLAN HAS BEEN A TREMENDOUS SUCCESS FOR THE CITY IN ATTRACTING COMMERCIAL DEVELOPMENT IN THE AREA.
AND I THINK THE DIAGRAM ON YOUR SLIDE, UM, SHOWS A NUMBER OF LARGE COMMERCIAL CUSTOMERS THAT AUSTIN ENERGY HAS IN THE AREA AS WELL AS ABROAD MORE, WHICH IS PLANNED AND IS, UH, INITIATING CONSTRUCTION AND WILL BE COMING ONLINE OVER THE COURSE OF THE NEXT FEW YEARS.
THE RAPID GROWTH IN THE AREA HAS RESULTED A LEVEL OF URGENCY FOR BUILDING A NEW SUBSTATION.
AND AUSTIN ENERGY IS TARGETING MAY, 2023 FOR THE ENERGIZATION OF SUBSTATION ON THIS PROPERTY.
IT KRAMER LANE SERVICE CENTER SIDE IS IDEALLY LOCATED.
IT IS ADJACENT TO THE BROADMORE AND IS A KEY TO THE PATH OF THE RED LINE BY TRAIL, THE CITY COUNCIL AND THE MAYOR HAD BEEN VERY SUPPORTIVE OF A NEW SEGMENT, THE KRAMER LANE SERVICE CENTER SITE.
AND ON OCTOBER 29TH, THE COUNCIL ADOPTED A RESOLUTION DIRECTING A E TO MOVE FORWARD AS QUICKLY AS POSSIBLE TO REZONE THE SUBSTATION PROPERTY, WHICH WILL ALLOW A E TO PLACE A SUBSTATION ON THIS PROPERTY.
NEXT SLIDE, OR A LITTLE BACKGROUND ON THE PROPERTY.
UH, THIS PROPERTY WAS PURCHASED IN 1965 BY THE CITY AND IS A APPROXIMATELY 33 AND A HALF ACRE PROPERTY.
CURRENTLY THE PROPERTY IS USED FOR
[00:10:01]
SIDING OF APPROXIMATELY 200 EMPLOYEES.THEY ARE LOCATED AT OFFICE BUILDINGS.
WE ALSO HAVE A TRAINING YARD WAREHOUSE SPACE AND LAID OUT AND THE PROPERTY, THERE ARE OVER 300 VEHICLES, UH, WHICH INCLUDES EMPLOYEE PARKING AS WELL AS UTILITY TRUCKS, VANS, HERS, FORKLIFTS, AND OTHER EQUIPMENT NECESSARY FOR AUSTIN ENERGY'S OPERATIONS IN THE AREA IN WHICH ARE IMPORTANT IN AUSTIN ENERGY, ALLOWING FASTER RESPONSE TIMES FOR EIGHT CREWS, X SERVICE CALLS AND TO RESTORE POWER QUICKLY.
WHEN THERE ARE OUTAGES, THE SITE IS ALSO USED BY FLEET SERVICES OR A FUELING STATION AND CAR SERVICE FACILITY, AS WELL AS THE STREET AND BRIDGE WORK GROUP OF PUBLIC WORKS FOR THE PARKING OF DEPARTMENT TRUCKS AND OTHER VEHICLES, AS WELL AS A STOCKPILE AND MATERIAL STORAGE LOCATION.
THE SITE ALSO PROVIDES IMPORTANT WATER QUALITY FEATURES WHERE STORM WATER RUNOFF, OR AREA DEVELOPMENT NEXT YEAR SLIDE.
I THINK THIS SLIDE IS IMPORTANT IN SHOWING, UH, THE LOCATION OF THE SERVICE CENTER PROPERTY IN PROXIMITY TO OTHER DEVELOPMENT.
IF YOU WILL LOOK ON THE DIAGRAM ON THE LEFT HAND SIDE OF YOUR SLIDE, UH, YOU WILL SEE THAT THERE ARE TRANSMISSION LINES THAT CROSS THE PROPERTY.
THESE ARE AT THE NORTHERN END OF THE PROPERTY RUNNING WEST TO EAST ACROSS THE PROPERTY.
THERE IS, UH, A PLACEHOLDER ON THE PROPERTY IN BLUE THAT INDICATES ONE POSSIBLE LOCATION FOR THE, WE HAVE MINCED ENGINEERING AND WE'LL BE DETERMINING A FINAL LOCATION ON THE PROPERTY IN THE COMING WEEKS FOR ENGINEERING REASONS.
IT IS IMPORTANT THAT THE SUBSTATION BE IN CLOSE PROXIMITY TO THE TRANSMISSION LINES THAT CROSS THE PROPERTY.
AND ALSO THOSE THAT RUN ALONG THE WESTERN BOUNDARY OF THE PROPERTY.
AND, UH, THAT SIDING IS EFFICIENT FOR ENGINEERING PURPOSES, BUT ALSO REDUCES THE NEED FOR TRANSMISSION LINES AND STRUCTURES.
I MEAN THE TRANS EXISTING TRANSMISSION LINES TO THE SUBSTATION.
NEXT SLIDE, AS I MENTIONED EARLIER, THE BRAIN-RELATED SERVICE CENTER PROPERTY IS AN IMPORTANT LINK IN THE MOBILITY IMPROVEMENTS IN THE AREA.
THE URBAN TRAILS GROUP PUBLIC WORKS HAVE BEEN IN DISCUSSIONS WITH AUSTIN ENERGY AND, UH, THE AERIAL PHOTO AT THE BOTTOM OF THE SLIDE INDICATES THE TWO PREFERRED LOCATIONS OR THE RAIL ACROSS THE SERVICE CENTER FROM AUSTIN ENERGY SUPPORTS THE GRANTING OF A WESTERN ALIGNMENT OF AN EASEMENT OR A WESTERN ALIGNMENT OF THE TRAIL FOR A SAFE AND FUNCTIONAL TRAIL.
UM, AUSTIN ENERGY IS PLANNING ON DECOMMISSIONING AND, UH, GIVING UP THE RAIL SPUR THAT IS IN THE SAME LOCATION AS THE DESIRED LOCATION FOR THE RED LINE TRAIL.
AS THIS WILL PROVIDE MORE SPACE FOR THE REQUESTED TRAIL LOCATION.
AUSTIN ENERGY HAS ALSO BEEN ASKED BY CAPITAL METRO TO GRANT THE ADDITIONAL DRAINAGE EASEMENT ON THE SERVICE CENTER PROPERTY OR DRAINAGE AS WELL AS FOR ADDITIONAL RALEY'S MED FOR A DOUBLE TRACKING OF THE RAILROAD LINE PORTION OF THE TRACK IS DOUBLE TRACKED, BUT THE NORTHERN END OF THE CAPITOL METRO LINE IS A SINGLE TRACK AT THIS TIME.
AND WE ANTICIPATE PROVIDING THE EASEMENT THAT'S BEEN REQUESTED.
IN ADDITION, BURNET ROAD CORRIDOR PROJECT OFFICE HAS ASKED AUSTIN ENERGY TO PROVIDE EASEMENT FOR DRAINAGE FOR THE BOARD BURN ROAD CORRIDOR PROJECT.
AND WE ARE IN NEGOTIATIONS NOW TO DETERMINE WHAT THOSE WILL LOOK LIKE AND WHAT THE EASEMENT WILL LOOK LIKE NO PROPERTY.
SO IN CONCLUSION, AUSTIN ENERGY WILL BE CONDUCTING THE FOLLOWING STEPS NECESSARY TO CONSTRUCT AND ENERGIZE A SUBSTATION ON THE KRAMER LANE SERVICE CENTER PROPERTY.
IN THE OCTOBER 29 CITY COUNCIL PASSED A RESOLUTION INITIATING REZONING P PUBLIC ZONING.
WE ARE INITIATING THIS INITIAL STEPS TO BEGIN A SITE DEVELOPMENT THING, PERMITTING THAT WILL INVOLVE DEVELOPING A SITE PLAN FOR THE PROPERTY AND OBTAINING NECESSARY PERMITTING TO
[00:15:01]
CONSTRUCT THE SUBSTATION.WE ALSO ANTICIPATE THE BLEEDING, THE PROCESS OF OBTAINING PS ZONING, REZONING THE PROPERTY BEFORE THE PLANNING COMMISSION AND CITY COUNCIL.
AND THAT WILL BE CONDUCTED SIMULTANEOUSLY WITH THE SITE ELEMENT PERMITTING.
WE ALSO WILL BE COMPLETING OUR ENGINEERING AND DETERMINING A PRECISE LOCATION OF THE SUBSTATION ON THE PROPERTY, AS WELL AS ORDERING EQUIPMENT FOR THE SUBSTATION.
WE WILL BE CONDUCTING AND COMPLETING AN ENVIRONMENTAL ASSESSMENT, AND OF COURSE, CONSTRUCTING THE SUBSTATION AND ANTICIPATE ENERGIZING THE SUBSTATION IN MAY, 2023, AUSTIN ENERGY APPRECIATES YOUR SUPPORT AND THE CITY COUNCIL SUPPORT AS WE MOVE FORWARD TO QUICKLY ACCOMPLISH THE PERMITTING AND REZONING NECESSARY TO SUCCESSFULLY ENERGIZE THIS CRITICAL SUBSTATION, SERVING MANY CUSTOMERS IN THE NORTH AUSTIN IN NORTH AUSTIN AREA.
ARE THERE ANY QUESTIONS I HAVE SOME, BUT I THINK I'LL LET MARTY GO FIRST.
I JUST HAD A COUPLE QUESTIONS.
COULD WE LOOK AT SLIDE SIX AGAIN AND JUST WANT TO MAKE SURE THAT I'M LOOKING AT THIS CORRECTLY, THE, THE, YOU KNOW, STAFF ON THE RIGHT HAND SIDE IS FLIPPED SUCH THAT, UM, YOU KNOW, THE RIGHT HAND SIDE OF THIS IS FACING NORTH, IS THAT RIGHT? YES.
AND, AND THE RED, CAN YOU TELL ME WHAT THE RED LINE IS ON THAT IMAGE? SO BOTH THE RED LINE AND THE BLUE LINE WERE PRESENTED BY URBAN TRAILS AS ALTERNATIVE LOCATIONS ACROSS THE PROPERTY, UH, FOR THE RED LINE TRAIL.
UH, THERE HAD ALSO BEEN DISCUSSIONS OF A THIRD ALTERNATIVE AND THE THIRD ALTERNATIVE WOULD HAVE ACTUALLY CROSSED THE PROPERTY AT THE NORTHERN END AND, UH, GONE ALONG THE EASTERN BOUNDARY OF THE PROPERTY.
AUSTIN ENERGY HAD, UM, SUGGESTED THAT AS AN ALTERNATIVE LOCATION FOR THE TRAIL THAT WAS NOT SUPPORTED BY THE RED LINE TRAIL INITIATIVE, WHICH IS A COMMUNITY GROUP THAT IS A PROPONENT OF THE TRAIL AND THE URBAN TRAILS GROUP AT PUBLIC WORKS ALSO INDICATED THAT THEY PERVERT PREFER THE WESTERN ALIGNMENT ON THE PROPERTY.
UH, AUSTIN ENERGY, UH, IS LOOKING AT THE PERMANENT LOCATION FOR THE SUBSTATION AND DOING THE ENGINEERING DECIDED IN ADDITION, WE HAVE MADE THE DECISION TO DECOMMISSION THE RAILROAD SPUR THAT TAKES UP QUITE A BIT OF SPACE ALONG THAT WESTERN BOUNDARY.
SO THE BLUE LINE THAT YOU SEE ACROSS THE RAIL SPUR AND BE CLOSER TO THE CAPITAL METRO DOUBLE TRACK, UM, THE ACTUAL LOCATION OF THE TRAIL HAS NOT BEEN DETERMINED FINALLY, BECAUSE WE HAVE TO DO ADDITIONAL SURVEYING TO DETERMINE WHAT OBSTACLES ARE IN THE WAY.
UH, BUT WE DO BELIEVE THAT WITH, UM, CITING THE SUBSTATION FURTHER EAST ON THE PROPERTY, THAT IT WOULD ALLOW FOR A SAFE AND FUNCTIONAL TRAIL ALONG THIS WESTERN BOUNDARY OF THE PROPERTY.
SO THE BLUE LINE THERE, THAT'S, THAT'S THE SPUR THAT YOU'RE ANTICIPATING DECOMMISSIONING.
AND THEN, AND THEN WHAT WOULD, YOU KNOW, FULLY CONNECT THE REST OF IT ALONG THAT WESTERN EDGE? THERE I LOOK AT THAT BLUE LINE AND IT, IT ENDS ABOUT THREE QUARTERS OF THE WAY THROUGH IS THE IDEA THAT IT WOULD UNDER, UNDER THE VERSION YOU WERE DESCRIBING ALONG THE WEST SIDE, IT WOULD CONTINUE ON FOLLOWING THAT THE RED LINE AS WELL ON THE BOTTOM.
IT'S, IT'S OUR UNDERSTANDING THAT, UM, URBAN TRAILS WITHIN PUBLIC WORKS IS IN NEGOTIATION WITH OTHER PROPERTY OWNERS TO THE NORTH AND TO THE SOUTH OF THE SERVICE CENTER PROPERTY FOR THE NECESSARY EASEMENT TO, UM, ROUTE THE TRAIL ROUTE NORTH AUSTIN.
UM, BUT IT, IT, YOU KNOW, THE RED LINE TRAIL WILL CROSS THE FULL LENGTH OF THE SERVICE CENTER PROPERTY FROM NORTH THE SOUTH.
THE ONLY QUESTION WAS EXACTLY WHERE ON THE PROPERTY SHOULD IT BE LOCATED.
AND JUST FOR MY EDIFICATION, I DIDN'T GO BACK AND LOOK AT THE OCTOBER 29TH
[00:20:01]
RESOLUTION, UH, INITIATING DEFEATING REZONING, WAS THAT, UM, UH, PAINTED AS CONDITIONAL? I, MY UNDERSTANDING WAS THAT, UM, FOLKS, UH, WHERE THE TWISTING THAT THAT'D BE A CONDITIONAL USE WAS, WAS IT GRANTED AS CONDITIONAL OR, OR NOT? SO THERE WERE TWO ALTERNATIVES FOR REZONING.THE PROPERTY, THE INITIAL RECOMMENDATION FROM THE ZONING DEPARTMENT HAD BEEN TO AMEND THE NORTH BURNET GATEWAY PLAN TO ALLOW A MAJOR UTILITY USE ON THE PROPERTY, WHICH WOULD HAVE AMENDED THE ENTIRE NORTH BURNET GATEWAY PLAN AND WOULD HAVE ALLOWED THE CONSTRUCTION OF A, UM, SUBSTATION ON THE PROPERTY.
AS I UNDERSTAND IT, UM, THE REFERENCE FROM CITY COUNCIL WAS ACTUALLY TO REZONE A PORTION OF THE SERVICE CENTER SITE TO P ZONING TO ALLOW CONSTRUCTION OF THE SUBSTATION.
AND THAT WAS THE PREFERENCE OF CITY COUNCIL TO MOVE FORWARD IN THAT MANNER.
UM, AND WE MOVED AHEAD WITH THE NORTH BURNET GATEWAY AMENDMENT.
THE PLANNING COMMISSION HAD GRANTED THAT AND SUPPORTED STAFF'S RECOMMENDATION TO SUPPORT THAT APP IN A CONDITIONAL MANNER.
UM, ACCORDINGLY IT WOULD HAVE REQUIRED US TO GO BACK TO THE PLANNING COMMISSION FOR FINAL APPROVAL OF THE SITE PLAN.
UM, AS I, AS I INDICATED, CITY COUNCIL REFERRED PEAS ZONING.
NOW I'M GOING THROUGH A REZONING OF THE PROPERTY AS OPPOSED TO AN AMENDMENT DOES REQUIRE AUSTIN ENERGY TO GO BACK TO THE PLANNING COMMISSION.
SO THE PLANNING COMMISSION WILL BE, UM, ONE OF THE STEPS IN OUR PROCESS FOR FINALIZING THE REZONING OF THE PROPERTY.
SO IF THAT IS CONSIDERED CONDITIONAL, BUT IT IS A CONDITION THAT'S REALLY ZONING.
UM, AND CAN YOU TELL ME, DO YOU HAVE A, I'M LOOKING AT YOUR LAST ONE? UM, BUT I, I DON'T THINK I SEE IT.
W WHEN WOULD THAT PROCESS START, OR DO YOU HAVE ANY, UH, UH, BALLPARK WHEN YOU'D BE BACK BEFORE THE PLANNING COMMISSION, UM, REQUESTING THE REZONING? SO THE ZONING DEPARTMENT PROVIDED AN ESTIMATE OF SAY THREE TO SIX MONTHS TO REZONE THE PROPERTY.
AS I DID INDICATE WE ARE IN THE FINAL STAGES OF ENGINEERING AND DETERMINING THE LOCATION OF THE SUBSTATION ON THE PROPERTY THAT INVOLVES, UH, FEEDBACK FROM, UM, THE CITY ARBORIST AS TO ANY POSSIBLE OR ANY REQUIRED TREE REMOVAL THAT MOVING THE SUBSTATION EASTWARD WOULD REQUIRE.
IT ALSO REQUIRES WORKING WITH WATERSHED ON IMPACTS ON WATER QUALITY AND THE LOCATION OF THE WATER QUALITY FACILITIES.
SO IT WILL BE, UM, PROBABLY AFTER THE FIRST OF THE YEAR BEFORE THE APPLICATION REZONING IT'S FILED.
SO APPROXIMATELY THREE TO SIX MONTHS FROM THAT JANUARY FILING OF THE APPLICATION, WE EXPECT TO BE BACK IN FRONT OF THE PLANNING COMMISSION AND THEN IN FRONT OF COUNCIL.
I APPRECIATE ALL THIS INFORMATION VERY HELPFUL.
AND I THINK PEOPLE WOULD TRUST SURE, JUST FOR CLARIFICATION ON THAT ONE SLIDE, WHAT'S THE ROAD BESIDE THAT RUNS ADJACENT TO THE BLUE AND RED LINE SINCE THIS IS
SO KRAMER LANE RUNS ALONG THE PROPERTY ALONG THE SOUTHERN BOUNDARY.
THAT ACTUALLY IS THE CAPITAL METRO LINE THAT RUNS ALONG THE WEST SIDE OF THE PROPERTY.
UM, THERE IS A DRIVEWAY ON THE OTHER SIDE OF THAT, BUT I THINK THAT THAT'S A PRIVATE DRIVE AND NOT A CITY STREET.
SO THAT'S RIGHT ABOVE THE BLUE LINE AND THE RED LINE.
AND SO THEN TO THE LEFT, WHERE THAT RED.IS THAT'S KRAMER LANE AND THEN BURN, IT WOULD BE A LITTLE BIT FURTHER UP BEYOND THAT, RIGHT? SO IT, IT RUNS INTO BURN IT JUST, UH, TO THE WEST AND BURNET ROAD RUNS PARALLEL WITH THE REVEREND TRACK.
SO, UM, ONE OF THE BIGGER THINGS IS THAT ABOUT SPACE.
I JUST DON'T, I'VE BEEN THERE BEFORE, I THINK, TO YOUR METER OFFICE YEARS AGO.
IS THERE ENOUGH SPACE THEY'RE FUTURE-PROOFING IS GETTING,
[00:25:02]
UM, A LOT OF PEOPLE'S MINDS BECAUSE OF THE LARGE SERVICE CAPACITY NEED POTENTIALLY FOR FLEET ELECTRIFICATION AND SUCH NOT.AND ONE OF THE REASONS THERE'S SOME URGENCY HERE IS THAT THERE'S BEEN SO MUCH GROWTH.
SO I HAVE QUESTIONS AROUND WHAT'S CAPACITY.
AND DO YOU HAVE ENOUGH ROOM AND WHAT ARE YOUR THOUGHTS ON FUTURE PROOFING IT TO MAKE SURE YOU HAVE THE CAPACITY OR THE ABILITY TO UPGRADE IT FURTHER IN A RELATIVELY RAPID AMOUNT OF TIME, IF THE NEED ARISES, BECAUSE WE MAY SEE WHEN THESE FLEETS STARTING TO ELECTRIFY THAT THE S CURVE IS FAIRLY RADICAL BECAUSE THE FLEETS JUST CARE ABOUT THE TOTAL COST OF OWNERSHIP.
AND WE MAY SEE FLEETS ELECTRIC FIVE FASTER THAN PERSONAL VEHICLES.
SO WHAT ARE YOUR THOUGHTS ON KEEP THE PROGRAM AND TOM, OR WHOEVER ELSE CHIME IN, PLEASE? YES.
UM, IT'S AUSTIN ENERGY'S INTENTION TO BUILD A SUBSTATION THAT IS A LONG-TERM SUBSTATION, AND THAT CAN ACCOMMODATE FUTURE GROWTH, CONSIDER IT SHORT-SIGHTED TO UNDERSIZE THE SUBSTATION AT THIS POINT.
SO, UH, WE DO NOT PLAN TO, UM, UNDER CONSTRUCT A SUBSTATION OR TO FORCE THE SUBSTATION TO BE SMALLER THAN WE ANTICIPATE THE NEED TO BE.
I MEAN, ELECTRIC USAGE IN THE AREA IS INCREASING RAPIDLY.
SO WE DO NEED TO SIZE THE SUBSTATION APPROPRIATELY FOR THAT.
AND THOSE LINES THAT MAYBE GO NEARBY HERE AND THEN GO INTO THE DOMAIN, WHICH IS THE FORMER IBM SITE.
ARE THOSE ONE 38 KB? YES, THEY ARE.
THEY NEED TO BE UPGRADED TO, TO SUPPORT THE SUBSTATION AND FUTURE GROWTH.
ANY OTHER QUESTIONS FOR MS. GROSS BEFORE WE MOVE ON? UM, JUST A QUICK QUESTION.
UM, THE CURRENT REVENUES TRENDS OR DISTRIBUTION REVENUES, IN OTHER WORDS, ARE WE ABLE TO DO THIS, UH, UPGRADE WITH NEW SUBSTATION WITHIN OUR EXISTING REVENUE STREAM? OR IS THERE ANY ANTICIPATION THAT, UH, YOU KNOW, FUTURE DISTRIBUTION TARIFFS WOULD NEED TO BE RAISED? SO THE COST TO CONSTRUCT THE SUBSTATION IS ALREADY IN AUSTIN ENERGY'S BUDGETS.
SO IT'S WITHIN OUR REVENUE FORECAST FOR THE FUTURE, AND WE DO NOT ANTICIPATE ANY RATE CHANGES THAT WOULD BE NECESSARY TO BEAR THAT COST.
IF THERE'S NO OTHER QUESTIONS, THEN WE WILL SAY GOODBYE TO EXPRESS.
THANK YOU AGAIN FOR PRESENTING ON KRAMER LANE SUBJECT.
AND WE TRULY APPRECIATE THE COMMISSION SUPPORT.
LET'S GO BACK TO, UH, ITEM NUMBER.
LET'S SEE IF YOU'RE, UH, NINE.
[9. 4th Quarter Operations Briefing]
YES, THE CITY HALL, AND THEN, UH, ELTON YOU CAN, UH, JOIN IT.YEAH, THE RENEWED COMMISSIONERS.
FIRST, LET ME SAY, I HOPE YOU AND YOUR FAMILY CAN IT WELL AND SAFE.
WE'LL BE REPORTING OUT FOR THE FOUR QUARTER PERFORMANCE FOR THE AUSTIN ENERGY OPERATIONAL.
OUR NUMBER ONE JOB IN AUSTIN ENERGY TO TAKE CARE OF OUR EMPLOYEES AND THE SAFETY OF OUR EMPLOYEES.
THAT'S WHY I WAS GOING TO BE THE FIRST SLIDE.
TALK ABOUT NEXT SLIDE, PLEASE.
WHAT I'VE DONE ON THE SLIDE PRESENTATION IS ACTUALLY SHOWING YOU A FIVE-YEAR TREND.
AND THE REASON THIS IS IMPORTANT IS TO KIND OF SHOW THE PROGRESSION AS WE INVEST IN SAFETY WITHIN THE COMPANY ITSELF.
SO WE'VE DONE VERY WELL IN THE SAFETY ASPECT FOR THIS YEAR.
ONE OF THE AREAS THAT YOU LOOK AT WHEN YOU LOOK AT SAFETY, IT'S NOT JUST THE NUMBER OF EVENTS, BUT THE SEVERITY OF EVENTS.
UH, STATISTICALLY SPEAKING, OUR EMPLOYEES ARE HUMAN.
MISTAKES WILL BE MADE, BUT WE TRY TO HAVE POLICIES AND PROCEDURES AND SAFETY RULES IN PLACE TO GIVE THEM EVERY TOOL POSSIBLE CAN PREVENT THEM, BUT THERE'S STILL THINGS THAT OCCUR.
AND IF THEY DO OCCUR, WHAT WE'D LIKE TO DO IS BE AT A LOWER LEVEL THAN SOMEONE BEING INJURED, MYTHS AT HOME AND WAIT FOR MORE.
BUT WE ACTUALLY FINISHED THE YEAR AT 27 ON THE PREVENTABLE ACCIDENTS AND WITH THE TOTAL OF BACK AND ACCIDENTS.
[00:30:01]
IS ON THE VEHICLE AT STANCE WITH 67 BEING A TOTAL AND THAT, YEAH, FROM 75 AND 2016.SO WE DO HAVE A VEHICLE REDUCTION PLAN IN PLACE THAT WE TRY TO USE ON THAT ONE, UH, FOR THE, THE INDIVIDUALS THEMSELVES, YOU CAN SEE THE EMPLOYEE COUNT THAT WE'VE GOT IS MAINTAINED, RELATIVELY STEADY.
THE NUMBER OF HOURS HAS UP AS THE BOYS WENT UP AND OUR WORKLOAD OF THE NEAR MISSES ARE VERY IMPORTANT BECAUSE THE NEAR MISSES ARE REPORTED FROM THE INDIVIDUALS THEMSELVES.
SO THE MORE OF THOSE THAT WE SEE THEN THOSE WERE KIND OF THE UNDERLYING CURRENT WAS GOING ON.
WE CAN THEN KIND OF TREND WHERE THE NEXT EVENTS GOING FOR, FOR, UH, FOR 2021.
WE ARE TAKING ON A SAFETY STANCE TO INCREASE THE NEAR MISSES.
UH, THAT SHOULD BE ABOUT A 10 TO ONE RATIO, UH, IN MOST UTILITIES WHEN YOU BENCHMARK THEM.
SO WE DEFINITELY GOTTA GET TO, TO THAT POINT, UH, THE TOTAL FIRST AID AND LIMITED RECORDINGS WITH 54 AND 26 OF THOSE WERE REPORTABLE ISSUES.
SO THE OTHER WORD, EITHER A FIRST AID, OR JUST SOME TYPES OF AID GIVEN AT THE JOB SITE WITH NO RECORDABLE DONE.
AND THAT HAS TRENDED DOWN FROM 2016, THE PROOF'S IN THE PUDDING THOUGH.
THE WE'LL HAVE TO SEE WHAT 2021 DOES WE, OUR TARGET NOW WILL BE TO BEAT THESE NUMBERS THAT WE TRY TO GO DOWN.
AND THE INTENT IS EVERY EMPLOYEE COMES IN WITH THE ATTITUDE.
I'M NOT GOING TO GET HURT TODAY.
SO WHEN THEY DO GET HURT, SOMETHING OCCURRED IN THAT.
SO TRYING TO FIND OUT WHAT'S GOING ON, UH, HELPS US PREVENT THEM IN THE FUTURE.
I'M NOT GONNA GO, IT'S ALL OF THESE, BUT WE JUST KINDA THREW TOGETHER SOME OF THE ACTIONS THAT WE ARE TAKING, I WILL TELL YOU THE LEADERSHIP PRESENCE AND SAFETY.
HE IS PROBABLY ONE OF THE STRONGEST THAT I'VE SEEN IN ANY ORGANIZATION THAT I'VE WORKED AT.
AND I THINK THAT IS A LEADING INDICATOR OR LEADING CALLS FOR THE SAFETY CULTURE.
THAT IT TRULY IS A LET'S LEARN FROM IT.
LET'S DO WHAT WE CAN AND EVERYONE SHOULD GO HOME THE SAME WAY THAT THEY CAME IN.
WE DO HAVE GRASSROOTS TEAM AND THAT'S A TEAM OF THE LOCAL EMPLOYEES AND THEY GO OUT AND THEY LOOK AT SAFETY ISSUES, TRY TO IMPROVE SOME OF THE THINGS THEY DID OVER THE YEAR WAS THE LIGHTING AND SOME OF THE WALKWAYS AND WALK PAST LIGHT IN, IN THE PARKING GARAGES AND SUBSTATION THINGS OF THAT NATURE.
SO THAT'S GETTING FEEDBACK FROM THE EMPLOYEES AND IT ALSO EMPOWERS THEM TO TAKE CARE OF ISSUES THAT THEY KNOW ABOUT.
WE JUST WENT TO A NEW TYPE OF INJURY REPORTING SYSTEM, WHICH I THINK WILL BE A LOT EASIER FOR THE EMPLOYEE TO USE.
AND THEY CAN ALSO PULL DATA OFF OF IT FOR THEIR OWN USE.
I THINK THAT WILL ALSO HELP THEM, BUT SAFETY WAS, WAS GOOD FOR THE YEAR, BUT WE JUST NEED TO GET
THE FACTORS TO TRY TO PREVENT THE INJURIES AS THEY, AS THEY OCCUR.
HEY, ELTON, I'VE GOT A QUICK QUESTION.
CHERT WHEN YOU BENCHMARK OTHER UTILITIES, ARE THERE, ARE THERE BIG LESSONS? I MEAN, OBVIOUSLY YOU PROBABLY ROLLED THEM INTO WHATEVER YOU'VE GOT THERE, BUT WHAT CAN YOU LEARN FROM OTHER UTILITIES? WE DO BENCHMARK OTHER UTILITIES.
I ACTUALLY HAVE A PROJECT MANAGER THAT IS ASSIGNED TO ME AS LIKE A SAFETY CONSULTANT.
AND WHEN THINGS OCCUR, HE DOES TRY TO BENCHMARK.
UH, THE FIRST THING WE LOOK AT IS MUNICIPALITIES.
AND IT REALLY DEPENDS ON WHAT TYPE OF INCIDENT IS COMMISSIONED TOTAL BECAUSE THE SMALLER ONES ARE CONSTANT WEAR CUT RESISTANT GLOVES.
WHEN THEY'RE CUTTING, WHY DOES SOMEONE NOT CUT AWAY FROM THEM RATHER THAN CUT TOWARDS THEM? SO THOSE ARE THE ONES WE TRY TO LOOK AT.
THE ONES THAT ARE THE BIG ONES ARE THE ONES WE KIND OF REACH OUT TO OTHERS AND SAY, DID WE MISS SOMETHING ON THIS? WHAT ARE YOU SEEING? UH, UH, SO WE DO BENCHMARK.
I WILL SAY THERE HAS NOT BEEN ANY NUGGETS THAT CAME OUT OF IT, BUT IT DOES EITHER REAFFIRM OR GIVE US SOME AREAS THAT MAYBE WE ESSENTIALLY DID NOT LOOK AT.
I'M GOING TO COVER FOUR DIFFERENT AREAS AS WE GO OVER TO OPERATIONAL UPDATE.
FIRST FLOOR, WHERE WE TALK ABOUT PERFORMANCE.
IN THE NEXT SLIDE, UM, I'M GOING TO REMOVE SOME OF THESE TITLE SLIDES ON THE NEXT PRESENTATION.
I DON'T KNOW WHY WE TALK ABOUT IT AT THE FRONT AND THEN WE HAVE COVER.
SO I'M GOING TO REMOVE SOME OF THOSE FOR YOU.
SO I DON'T HAVE TO KEEP SAYING NEXT SLIDE AND JEFF GET A THUMB INJURY, CHANGING THOSE SLIDES THERE.
SO THE PLANTS PERFORM EXTREMELY WELL.
THEY WERE UP WHEN WE NEEDED IT PRODUCED A GENERATION WHEN WE NEEDED, THEY DECKER ONE IS NOW OFFICIALLY RETIRED, UH, THAT, THAT IS NOW ON THE BOOKS AS AN OFFICIAL RETIREMENT, BUT THE PLANTS STILL CONTINUE TO PERFORM VERY WELL.
AND ESPECIALLY IN THE SEASONS THAT WE NEED THEM.
SO THERE'S NO ISSUES WITH OUR GENERATION AND AVAILABILITY OF RIGHT NOW.
SO THE UPPER THAT'S SHOWING OUR PAR GENERATION FUEL TYPE 60, 60% ARE RENEWABLES TO THE UPPER RIGHT HAND IS TO CONSUMPTION FIRST GENERATION.
YOU CAN SEE, WE ARE USING A VERY LARGE LOAD OF GENERATION
[00:35:01]
ON A HONDA CONSUMPTION SIDE.SO THE CONSUMERS DO LIKE THE, THE RENEWABLES AND WE LIKE USING USE RENEWABLES.
THE LOWER LEFT SHOWS THE HISTORICAL FOUR QUARTER, UH, SYSTEM PEAK, EVEN THOUGH THE LOWEST IS THE 2333.
IT'S STILL STAYING PRETTY MUCH WITHIN THE BELL CURVE THERE.
IT'S NOT GOING OUTSIDE OF THE NORMS. SO WE HAVEN'T SEEN ANYTHING HISTORICALLY IN THE LAST, UH, FOUR YEARS THAT THAT TELLS US SOMETHING IS GOING TO CHANGE FOR 2021 AND THEN RENEWABLE POWER AS A PERCENT OF CONSUMPTION 41 VERSUS A 59.
AND AGAIN, THAT ONLY REFLECTS THE PERCENTAGE OF CONSUMPTION WITH RENEWABLE POWER.
SO OUR MEASUREMENTS FOR REAL, THIS WAS THE ONE THAT WE WROTE ON, OR WE HAVE BEEN FOCUSING A LOT ON IN THE LAST YEAR.
WE HAVE MADE SOME PRETTY GOOD IMPROVEMENTS ON IT.
THERE'S STILL A WAYS TO GO ON IT, BUT YOU CAN SEE THE KATIE WAS JUST A CUSTOMER AVERAGE INTERRUPTION DURATION TO SADIE.
AND THEN TO SAY, FEE EACH ONE OF THESE, WE ARE TRYING TO GET TO THE TARGET.
WE MISSED THE TARGETS FOR 2020.
WE BELIEVE THAT WE WILL MAKE SOME ADS WAY ON THE 2021, BUT THE ONE OF THE ITEMS THAT MATTER OF FACT, IT'S THE VEGETATION MANAGEMENT THAT WE DISCUSSED WITH YOU LAST TIME HAVING THE THREE DIFFERENT VEGETATION MANAGEMENT COMPANIES IS GOING TO BE ONE OF THE ITEMS THAT WILL ASSIST US IN GETTING BACK ONTO THE CIPHER.
BUT WE WERE SO FAR OFF ON THAT CYCLE, EVEN WITH THE PUSH AT THE END OF THIS YEAR, PROBABLY GOING TO BE TWO TO THREE YEARS BEFORE WE GET ON A CYCLE.
BUT WHAT WE HAVE DONE IS A MONTHLY MEETING WHERE TOM PEERPOINT THE VICE PRESIDENT OF ENGINEERING.
UH, WE HAVE PROJECT MANAGERS FOR EACH ONE OF THE 10 PERFECT WORK PERFORMANCE FEEDERS.
AND THAT INCLUDES ALSO THE WILDFIRE PROTECTION.
SO WE'RE GOING THROUGH THOSE AND WE TRACK ON EACH ONE OF THOSE IDENTIFIED FEEDERS.
WHEN WAS THE LAST TIME AS PATROL AND MANY CORRECTIVE MAINTENANCE TICKETS ARE OPEN, WHAT'S THE STATUS OF CORRECTIVE MAINTENANCE TICKETS.
AND ALSO WHAT IS THE VEGETATION MANAGEMENT CYCLE ON THOSE, GETTING THOSE VISIBILITY.
AND THEN OBVIOUSLY IF SOME OF THEM DROP OFF AND IMPROVE, THEN WE'LL PICK ANOTHER ONE UP AND CONTINUE TO MAINTAIN THAT AS WE GO THROUGH.
SO THAT'S A VERY GOOD STEP FORWARD THAT WE MADE THAT HAVE ACTUALLY GOT THE INDIVIDUALS INVOLVED.
AND YOU, YOU COMMISSIONERS, YOU NOTICE PAUL'S, I DO INSPECT WHAT YOU EXPECT, THAT'S WITH THE VISIBILITY ON IT.
AND IT BECAME A LITTLE BIT MORE IMPORTANT AND STAYING ON TOP OF THE, OF THE RADAR FOR THE, BOTH THE NORTH AND SOUTH DISTRIBUTION.
MR. RICHARD, QUICK, QUICK QUESTION.
CAN YOU REMIND ME WHERE AUSTIN ENERGY CREATED THE GOAL? W WHERE DID THAT NUMBER COME FROM? THE GOALS ARE CREATED EACH YEAR AND WHAT THEY DO IS THEY TAKE A LOOK AT THE YEAR PREVIOUS, AND IF YOU MET THEM, THEN THEY TRY TO GET DOWN.
THE GOALS THAT YOU SEE IN THE GOAL ITSELF IS WHAT IS CONSIDERED TOP DESK STYLE.
THAT'S THE TOP DESKTOP NUMBER FOR YOU.
AND, AND I'LL DIGRESS A LITTLE BIT THAT THE PROBLEM WITH TOP DECILE IS YOU HAVE TO BE THERE BECAUSE YOU CAN SPEND A LOT OF MONEY CHASING THE NUMBER AND WHAT WE WANT TO GET TO.
IT'S JUST GOOD, SOLID RELIABILITY, AND STILL PROVIDE AUSTIN EFFICIENT ENERGY.
SO THAT'S WHERE WE'D HAVE TO KIND OF WEIGH BETWEEN THE TWO, BUT THAT'S WHERE THE, THE, THE GOALS COME FROM THE COMMISSIONER.
THANK YOU TO EXPLORE THAT SOME MORE.
SO CHARLES MAYBE SIX MONTHS AGO TALKED ABOUT OR HINTED ABOUT GOING TO TOP DECILE MAY BE BEYOND THE KNEE OF THE CURVE.
CAN YOU GIVE US AN UPDATE OF WHERE YOU THINK WE'LL BE? I MEAN, IS IT GOING TO BE, I GUESS WE'RE ALREADY TAUGHT 25% AND THEN WE'RE TRYING TO GET TO TOP 10, WHERE'S THE NEED OF THE CURVE.
AND I KNOW THAT THAT MIGHT BE REGIONAL WITHIN THE SERVICE AREA.
UM, CAN YOU GIVE US SOME MORE INSIGHTS ON THERE? YEAH.
I'LL YOU, I CAN TELL YOU WHEN CHARLES FIRST, JUST ON EVEN PUTTING TOGETHER THE TOP WORST PERFORMING HATERS, IT'S NOT A CONCEPT THAT WAS KNOWN WITHIN AUSTIN ENERGY.
SO TOM CAREPOINT AND MYSELF HAVE DEALT WITH THIS IN NUMEROUS COMPANIES THAT WE'VE WORKED FOR FOR THE PAST.
AND IT WAS VERY LABOROUS EVEN GETTING THE DATA THAT WE WANTED TO BE REFLECTED IN A MANNER THAT WAS USEFUL.
SO I CAN, I CAN SAY PROBABLY THE FIRST FOUR MONTHS WAS JUST GETTING DATA TOGETHER.
NOW, THE ISSUE IS WE GOT IT TOGETHER.
WHAT WE'VE GOT IS WHERE YOU'RE STARTING TO PATROL EACH ONE OF THOSE, SOME OF THE WILD BAR TOP 10 ALSO FALL INTO THE TOP 10 WORST PERFORMANCE PETERS.
I THOUGHT IT WOULD HAVE BEEN MORE, BUT IT WAS ONLY TWO OR THREE.
SO THERE'S PROBABLY ABOUT 17 THEATERS THAT WE'RE LOOKING AT.
SO WE'RE GETTING ALL OF THOSE BACK ON PATROL CYCLE.
I CAN TELL YOU PROBABLY 25% OF THOSE HAVE BEEN PATROL COMPLETELY.
NOW THAT THE FUNDING FOR THE TREE
[00:40:01]
WILL GO IN.I'VE GOT, IN FACT, I BELIEVE UP THAT ON COUNCIL, UH, FOR THURSDAY, FOR THE BUDGET, FOR THE BREED, A TREE TRIM IN VEGETATION MANAGEMENT, AS SOON AS WE CAN GET THOSE INDIVIDUALS ON PROPERTY, THAT'S, THAT'S WHEN WE'LL BE ABLE TO START REALLY LAYING INTO THE VEGETATION, BECAUSE A LOT OF THE STUFF WE CAN'T EVEN ACCESS TO DO THE CORRECTIVE MAINTENANCE ON BECAUSE OF THIS SPACE.
AND THEN WE ALSO GET INTO, UH, WE'RE IN AUSTIN.
SO SOME OF THE HOMEOWNERS ARE NOT REAL RECEPTIVE ON THAT LOSING A TREE OR THAT IT BEING TRIMMED, THAT THEY DON'T UNDERSTAND YOUR, YOUR ONE TREE IS AFFECTING POTENTIALLY 3000 CUSTOMERS.
SO THE 2021 I THINK IS WHEN WE'LL START SEEING MOVEMENT ON THE ACTIONS THAT THEY TAKE FROM THE TOP 10 ON THE TRACKING AND IMPROVEMENT.
IF THAT ANSWERS YOUR QUESTION COMMENCEMENT, THOUGH, JUST A VERY IMPORTANT TOPIC.
ALL RIGHT, JEFF, NEXT SLIDE PLEASE.
SO THIS ONE'S SHOWING, OH, 92 QUICK, DIFF THIS ONE'S SHOWING A RENEWABLE GENERATION IS PERCENTAGE TO LOAD BY MONTH, AND YOU CAN SEE THE, THE MARCH, JANUARY.
SOME OF THOSE WERE THE ONES WHERE WE REALLY GOT INTO THE RENEWABLES AT THE HIGHEST.
SO WE ARE STILL ON TRACK FOR OUR TARGETS IN THIS AREA, AND THAT WILL CONTINUE TO INCREASE.
SO IT JUST INTUITIVELY IS THAT BASICALLY WE HAVE MORE WIND THAN SOLAR.
AND SO THAT'S WHY DURING THE, OF OUR MARCH, APRIL, THERE'S MORE A PERCENTAGE THERE.
SO DO YOU SORT OF TAKE THIS BECOMING GREATER AND GREATER AS WE GET MORE UTILITY SCALE SOLAR IN THE PORTFOLIO? THAT'S EXACTLY RIGHT.
THE MORE THAT'S AVAILABLE, THEN THE MORE WE'LL BUY INTO THE RENEWABLE.
SO THAT'S, THAT'S WHERE THAT'S GOING TO GO.
UM, IN AN, OBVIOUSLY THE MORE THAT'S OUT THERE, THAT'S GOING TO CONTINUE TO DRIVE THE PRICE LOWER.
SO THAT'S WHAT WE TRY TO DO IS AGAIN, WE'RE BASED IN UPON LOAD, UH, COST AS WE PURCHASE THE GENERATION, BUT IT'S MORE OF IT IS CREATED OUT THERE.
THEN THAT WILL BE MORE ABUNDANT ON THE SYSTEM.
THAT'S MORE THAT'S AVAILABLE FOR US TO PURCHASE.
CAN WE RESPOND TO THIS WHEN THE, UM, WHEN THE BIG, UH, UH, SOLAR PLANT IN NORTHEAST TEXAS COMES ONLINE? I MEAN, NORTHEAST TRAVIS COUNTY COMMISSIONER, I DO NOT KNOW THAT DATE.
I CAN, I CAN GET IT AND GET BACK TO YOU.
WE CAN NOTE OR I'LL SEE A SQUIRREL AND I'LL FORGET IT.
AND CHAIR, IF YOU DON'T MIND, I'LL SEND THAT DIRECTLY TO YOU AND THEN YOU CAN SEND OUT.
AND IF YOU WOULDN'T MIND COPYING, UH, JEFF VISE, THAT WOULD HELP ME AS WELL.
UNLESS, UH, ERICA IS ABLE TO ANSWER THAT QUESTION NOW, OTHERWISE JUST SEND IT TO ME OUT AND THEN I'LL GET IT OUT TO THE COMMISSION.
SO ARE YOU TALKING ABOUT BLACK LENS? I THINK HE'S TALKING ABOUT COMING ONLINE SOMETIME SOON, BUT MAYBE I'M, MAYBE I'M MIXING UP MY DATES.
SO PFLUGERVILLE IS GOING TO COME ONLINE NEXT YEAR AND WE'RE LOOKING AT, UH, EITHER RIGHT BEFORE THE SUMMER, RIGHT AFTER THE SUMMER.
UM, THERE'S BEEN A LITTLE BIT OF MOVEMENT ON THE PROJECTS DUE TO COVID, UH, BUT NOT TOO MUCH MOVEMENT.
SO, UM, THEY'RE, THEY'RE STAYING PRETTY CLOSE WITHIN THEIR COMMERCIAL OPERATION DATES.
UM, LIKE I SAID, WITH SOME SLIGHT MOVEMENT, UH, MONTHS, UH, MAYBE A QUARTER HERE AND THERE, SO IT'LL BE NEXT.
NEXT SUMMER BASICALLY IS WHAT YOU'RE SAYING.
AND WHAT I CAN DO IS GO AHEAD AND GET THAT EXACT DATE AND PROVIDE IT TO ELTON SO HE CAN PASS IT ALONG.
ALL RIGHT, JEFF, NEXT SLIDE PLEASE.
SO THIS BE THE LAST TIME YOU SEE THE ULCER ACRONYM, WHICH WAS THE ONSITE ENERGY RESOURCES.
THAT GROUP IS NOW CALLED THE BEC, WHICH IS A DISTRICT ENERGY COOLING.
SO THAT'S BEEN AN UPDATE ON THEIR TITLE.
SO WE HAD FOUR MAJOR CHILLER ACTIVITIES EVER GOING IN.
THAT WAS ONE IN THE DOWNTOWN PRECEDENT TRACK.
UH, THAT FINAL COMPLETION, I'M SORRY, THAT'S THE ONE THAT CAN BE COMPLETED IN 2021.
THE AUSTIN COMMUNITY COLLEGE WILL BE QUARTER TWO 2021.
THE MUELLER ENERGY CENTER WILL BE ORDER ONE 2022.
AND THEN THE ONE THAT WAS THE DOWNTOWN CONVENTION CENTER WAS COMPLETED IN THIRD QUARTER OF 2020.
SO THOSE ARE THE FOUR MAJOR COOLING PROJECTS THAT WE HAVE.
SO THERE'S JUST A STATUS ON THE CUSTOMER COMMUNITY TO ENVIRONMENTAL RESILIENCE.
[00:45:01]
AND WE'LL TALK A LITTLE BIT ABOUT SOME OF THE, SOME OF THE OTHER ONES.UH, THE TEAM IS ACTUALLY ALL THE TEAMS RIGHT NOW ARE LOOKING AT WHAT DOES THE ENERGY LOOK LIKE IN A FUTURE? THAT'S ONE THAT IS GOT EVERYONE THAT ARE ON ALL THE PEER GROUPS AND WE'RE ALL DISCUSSING THAT.
AND THAT INCLUDES DELIVERY STORAGE TO AUTOMATION, INTELLIGENT SYSTEMS. SO WE ARE DEFINITELY TRYING TO PLAGIARIZE ANYONE THAT SOLVED IT BEFORE WE DO SO WE DON'T HAVE TO EXPERIMENT, BUT I CAN TELL YOU THAT AS A HOT TOPIC, THROUGH ALL THE UTILITIES, BOTH PUBLIC AND PRIVATE AND MUNICIPALITIES, BECAUSE IT IS THE FUTURE OF ENERGY.
SO WE'RE, WE'RE DEFINITELY IN IT FOR THE INNOVATION PIECE AND WE ARE TRACKING THAT AND ALL OF THE TEAMS THAT WE'RE ON.
SO THESE ARE JUST SOME, SOME OF THE THINGS IN THE GRID RESILIENCE THAT WE'RE DOING ON THE DISTRIBUTION SYSTEM.
UH, PRIMARILY WHAT WE JUST DISCUSSED ON THE TOP 10 FOR THE WORST PERFORMING FEEDERS IN BOTH THE WILDLIFE AND THE PERFORMANCE SECTIONS.
UH, AND WE DID DO A MAKE RISK MATRIX ON THOSE THAT SEE HOW THEY PUSHED UP TO THE TOP.
SO WE COULD DEFINITELY GET THOSE.
AND, AND, UM, I WILL ADD SOMETHING INTO THE NEXT PRESENTATION THAT KIND OF WILL SHOW SOME OF THE ITEMS THAT ARE BEING DONE ON THAT.
AND MAYBE THAT'LL HELP YOU ON COMMISSION AND FEDERAL VISUALIZING THAT ON THE NEXT PRESENTATION.
YOU KNOW, WE, HAVEN'T SEEN MAYBE A, UH, ADVANCED DISTRIBUTION MANAGEMENT SYSTEM UPDATE FOR A COUPLE OF YEARS NOW, AND THAT'S ALWAYS INTERESTING.
AND, AND THE METERS BEING UPDATED, HOW THAT'S GOING, UH, TIFFANY'S GROUP HAD AN EXCELLENT PRESENTATION OIL BACK ON THE OPOWER, BUT, UH, THERE'S MORE SO PERSONALLY, I THINK THIS IS REALLY IMPORTANT INVESTMENT.
THE TRANSMISSION SYSTEM, I'VE GOT THIS COLLEAGUE WHO KEEPS CLAIMING THAT WE'RE GOING TO BE REALLY STARVED FOR TRANSMISSION, ESPECIALLY WHEN WE SHUT DOWN THE GAS.
AND SO THAT'S AN AREA THAT I'D LIKE TO UNDERSTAND MORE OF, UM, AS WE GET MORE OF OUR UTILITY SCALE, WIND AND SOLAR, UM, YOU KNOW, DO WE HAVE SUFFICIENT TRANSMISSION AND HOW THAT'S GOING? I KNOW THAT IT TAKES A LOT OF TECHNICAL WORK, BUT IF YOU CAN GIVE ANY KIND OF INSIGHTS OF WHAT YOU'VE LEARNED ALREADY AND THE PLAN TO GET THAT TRANSMISSION STUDY, YOU HAVE TO APPRECIATE IT.
IF YOU LOOK AT THE VERY BOTTOM DOWN THERE, COMMISSIONER TOTAL, THAT'S EXACTLY WHAT THAT TRANSMISSION STUDY TEAM IS GOING TO DO IS THEY'RE LOOKING AT THE, OF THE GENERATION THAT WE'VE GOT, UH, DOES THE TRANSMISSION, IS IT ADEQUATE FOR WHAT WE HAVE AND WE'LL, WE'LL BE ABLE TO MAINTAIN THE SAME TRANSMISSION.
A LOT OF OUR LARGE CUSTOMERS OBVIOUSLY ARE VERY INTERESTED IN AND UNDERSTANDING THE TRANSMISSION LOADS IN THE FUTURE.
AND SO AS THAT TEAM GETS GOING, THEN I'LL GIVE AN UPDATE ON WHERE THEY'RE SITTING AT.
AND THEN AS FAR AS FAYETTE, THE TRANSMISSION STUDIES ALREADY BEEN DONE IN TERMS OF SHUTTING DOWN FAYETTE AND A 2022, THERE IS NO TRANSMISSION THAT'S NEEDED TO BE UPDATED TO MAKE SURE THAT HAPPENS.
NONE THAT I KNOW OF, BUT I CAN DOUBLE CHECK ON THE COMMISSIONER.
WE JUST DON'T WANT TO BE SURPRISED THAT EVERYTHING ELSE IS IN PLACE TO SHUT DOWN, RIGHT.
AES PORTION OF FAYETTE 20, 22.
AND THEN THERE'S A SURPRISE THAT WHILE WE DON'T HAVE ENOUGH TRANSMISSION IN SPORTS.
ALL RIGHT, BULLET TWO IS TALKING ABOUT THE SUBSTATION RELIABILITY.
WE'VE GOT THE FISCAL SUBSTATION, THAT'S IN QUARTER ONE IN 2021.
AND WE'RE ALSO PROGRESSING WITH THE RAINY SUBSTATION DOWNTOWN.
AND THAT'S ESTIMATED RIGHT NOW AT FOUR OF 2022.
SO THAT'D BE TWO LARGE SUBSTATIONS THAT WILL ASSIST ON THE SUBSTATION OR LIABILITY OF THE NETWORK.
WE'RE STILL DOING THE MAPPING OF THE NETWORK SO WE CAN BETTER UNDERSTAND IT AND ACTUALLY KNOW WHERE EVERYTHING IS DOWNTOWN.
THAT'S GOING TO BE A BIG WIN FOR US ONCE WE GET THAT MAP.
AND THAT IS IN PHASE ONE AND THEN COMMISSIONER TUTTLE.
AND I JUST SPOKE ABOUT THE TRANSMISSION SYSTEM THAT FUTURE AND THE TRANSMISSION STUDY TEAM IS IN PLACE ON THAT NEXT SLIDE, PLEASE, WHEN YOU GET INTO THE TECHNOLOGY ADVANCES, THAT SMALL CELL IS ONE OF THE BIG ONES THAT ARE GOING ON, AND IT IS, IT IS HOT AND HEAVY, RIGHT? THE, THE VENDORS FOR DOWNTOWN AUSTIN POLICE DEPARTMENTS INTERESTED IN IT.
AND WE ACTUALLY HAVE A SMALL CELL TEAM THAT SUSAN HELPS LEAD THAT HAS ACTUALLY BUILT THIS OUT AND DOES PRESENTATIONS TO DO IT.
AND WE'RE LOOKING AT MODULAR STREETLIGHT POLES THAT ACTUALLY HAD THE POTENTIAL TO BE BUILT UP IN DIFFERENT STRUCTURES OR DIFFERENT FASHIONS TO ALLOW FOR SMALL CELL.
THERE'S STILL GOING TO BE AN ISSUE WHERE THERE'S ONLY SO MUCH CAN GO ON ONE, ONE TOWER OR CELL AT A TIME.
UH, SO IT, IT'S STILL GOING TO BE A BELIEVER, AN OVERLOAD ISSUE.
AND WE'RE GOING TO HAVE TO COME UP WITH ALTERNATIVE ROUTES FOR SOME OF THIS, BUT IT IS GOING WELL AS IT, AS IT STANDS RIGHT NOW.
AND THEN YOU CAN SEE AT THE BOTTOM RIGHT NOW, WE'VE ALREADY GOT ON DISTRIBUTION POLES, 218 OF THOSE ARE SMALL CELL READY
[00:50:01]
OR USING THIS INFRASTRUCTURE AND STREET LIGHTS, 166 POLES.UH, SO WE'RE DOING WELL WITH IT.
WE'RE WORKING WELL WITH THE CITY AND THE VENDORS ON THE, ON THE SMALL CELL.
SO ONE QUICK POINT, UM, THIS MAY NOT BE APPLICABLE TO US OR AUSTIN, AND, BUT THERE WERE SOME CLEVER IDEAS WHEN YOU'RE THINKING ABOUT REPLACING SOME OF THESE POLLS, UM, IN BERLIN OR GERMANY, THEY HAVE THIS SCHEME WHERE IF PEOPLE HAD TO PARK THEIR ELECTRIC VEHICLES ON THE STREET, THEY COULD PLUG IN TO AN OUTLET IN THE POLE AND THEN THEY'D HAVE A WIRELESS METER EMBEDDED IN THE CORD THAT WOULD LOG HOW MUCH THEIR USAGE IS AND BILL THEM FOR IT.
AND WE MADE A STEP NOT HAVE THAT CIRCUMSTANCE, BUT IF YOU'RE ALREADY FAMILIAR WITH THIS, UM, LET ME KNOW.
OR IF YOU COULD CHECK ON IT, BECAUSE IF YOU'RE ALREADY CHANGING CAPEX LONG ASSETS TO DO SOMETHING FOR CELL PHONES OR THESE TOWERS, THEN, YOU KNOW, HAVING A LITTLE OUTLET THAT MIGHT SERVE A COUPLE PARKING SPOTS THERE FOR STREET PARKERS OR FOLKS WHO LIVE IN MULTIFAMILY OR WHATEVER, WHEN THEY'RE EVS, YOU MAY BE A GOOD OPPORTUNE TIME TO THINK ABOUT THAT.
HONESTLY, THE COST IS GOING TO BE A FACTOR.
THE SAFETY IS GOING TO BE A FACTOR, BUT I'LL DEFINITELY SEE WHAT'S OUT THERE AND GOING ON WITH THAT AND SEE WHAT WHAT'S OUT THERE.
AND IF IT'S SOMETHING WE CAN UTILIZE FEASIBLE.
AND THAT CONCLUDES THE OPERATIONAL UPDATE.
THEN ANY QUESTIONS? COUNCIL MINISTERS, MR. RICHARDS.
UM, I'M GOING TO HAND IT OFF TO DAVE NOW.
[11. 4th Quarter Financial Briefing]
11, ITEM 11 FOURTH QUARTER FINANCIAL BRIEFING WITH RUSTY.THAT'LL BE IS MR. RICHARD STILL AVAILABLE? OKAY.
ELTON, ARE YOU STILL ON COMMISSIONER HEAD AND MAY HAVE THE LADY QUESTION.
I'LL JUST FOLLOW UP ELTON, IF YOU CAN UNMUTE.
I THINK WE PUT YOU BACK IN THE MEETING.
WE'LL JUST TRY THAT AGAIN LATER.
YOU CAN LET ME KNOW WHAT IT IS YOU NEED.
I AM THE ACTING CHIEF FINANCIAL OFFICER FOR AUSTIN ENERGY, AND I'LL BE PRESENTING THE FOURTH QUARTER REPORT.
THESE NUMBERS ARE UNAUDITED AND STILL SUBJECT TO CHANGE NEXT, PLEASE.
SO I'M TO GIVE YOU A BRIEF, UH, EXECUTIVE OVERVIEW OR TOP A LITTLE BIT ABOUT FINANCIAL POLICIES.
UH, FINANCIAL METRICS WERE POPULAR BACK BUDGETS AND FINANCIAL STATEMENTS, AND WE WILL FINISH THE PRESENTATION WITH MARKET AND INDUSTRY ANALYSIS.
SO AUSTIN ENERGY IS GENERALLY COMPLIANT WITH OUR FINANCIAL POLICIES AND OUR FINANCIAL METRICS.
UH, AS YOU CAN SEE FOR FISCAL YEAR 20, WE GENERATED 1,000,000,370 $4 MILLION IN REVENUE, WHICH IS SLIGHTLY BELOW BUDGET, UH, LESS THAN 2%.
AND WE GENERATE IT ALREADY INCURRED, UM, A LITTLE OVER A BILLION DOLLARS IN EXPENSES, WHICH IS ALSO VERY CLOSE TO BUDGET, BUT STILL SLIGHTLY OVER, UH, BY ABOUT SIX TENTHS OF 1%, THAT DELTA IS ABOUT 350 OR $360 MILLION.
UH, AUSTIN ENERGY USES THIRD OF THAT, DELTA THE PASS BACK TO THE CITY AND THE FOREMAN AND GENERAL FUND TRANSFER A LITTLE MORE THAN THAT IS USED FOR DEBT SERVICE.
AND THE MAJORITY OF THE REMAINDER IS CASH FOR CONSTRUCTION, OUR BALANCED LIQUID WELL-CAPITALIZED, OUR CASH POSITION IS STABLE.
AND THEN FINALLY AT THE END OF THE PRESENTATION, WE HAVE GOTTEN NEW EIGHT 61 DATA.
UH, AND WE'LL TALK ABOUT, UM, OUR COMPETITIVE STATE NEXT PLACE.
[00:55:06]
SO THESE ARE FINANCIAL POLICIES.WE ARE COMPLIANT WITH ALL OF THEM, EXCEPT THE CAPITAL RESERVE.
WE ARE ABOUT $30 MILLION SHORT IN THAT RESERVE AND IS FUNDED FROM OPERATING REVENUES, UH, WHEN THOSE FUNDS ARE AVAILABLE AND FOR FISCAL YEAR 21, WE ANTICIPATE MAYBE $5 MILLION IN CAPITAL RESERVE.
SO WE'RE MAKING PROGRESS, BUT IT WON'T BE FULLY FUNDED THIS YEAR IN 20 MINUTES NEXT, PLEASE.
SO THESE ARE FINANCIAL METRICS WITH AUSTIN ENERGY LOOKS AT TO GAUGE OUR FINANCIAL WELLBEING.
WE CAN SEE THE CASE OF CASH ON HAND AND DEBT SERVICE COVERAGE, CERTAINLY, UH, MEET TARGETS, HOWEVER, OPERATING MARGINS AND DEBT TO CAPITALIZATION DO NOT, UH, OPERATING MARGINS.
THERE ARE A COUPLE OF THINGS THAT ATTRIBUTED, UH, TO THAT SHORTFALL.
UH, WE HAD, UM, A REDUCTION IN BASE REVENUES, OPEN RATES THAT WE PUT IN PLACE TO PROVIDE RELIEF.
UH, WE HAD AN UNBILLED REVENUE ADJUSTMENT, SO THEY, UM, MILDLY ANTICIPATED SEPTEMBER.
UH, WE HAD SOME EXCESS COSTS IN ELECTRIC SERVICE DELIVERY AND GNA, MOST OF THAT IS TOTALLY UNRELATED.
AND THEN THERE IS A TIMING DIFFERENCE BETWEEN THE RECOVERY DEPRECIATION EXPENSE DEBT SERVICE IN, UH, UH, ATTRIBUTED TO THE NACADOCIOUS, UH, ACQUISITION.
AND THEN OUR CAPITALIZATION IS THAT 53%, UM, PRIMARILY DUE TO, UM, A BOND DEBT WE INCURRED TO BUY THE NACODOCHES.
SO HOW LONG DO YOU THINK IT'LL BE BEFORE THE MINIMUM OF 10% OPERATING MARGIN GETS TO BE ACHIEVED? WELL, I WILL TELL YOU THAT DEPENDING ON HOW YOU LOOK AT IT, THAT A SIGNIFICANT, UM, UM, WE'VE GOT YOUR MARGIN IS ATTRIBUTED TO THAT TIMING OTHER THAN ACADEMIC THIS PLANT.
AND IN TWO YEARS, THAT WILL BE OVER WITH, BUT I WILL TELL YOU THIS ALSO AT THE IMPACT TO THE OPERATING MARGINS AND THE DEBT CAPITALIZATION ASSOCIATED WITH AN ACTIVE DOSES PLANT WAS ANTICIPATED AND THOSE IMPACTS, UM, UH, AND DEFINITELY OUR OPINION, UH, THAT, THAT SAVINGS THAT WE ANTICIPATE OVER THE NEXT 10 TO 12 YEARS OF AROUND $300 MILLION CERTAINLY OUTWEIGH THE SHORT-TERM IMPACTS.
ARE THERE ANY OTHER QUESTIONS? OKAY, THANK YOU.
SO WE HAVE TWO AFFORDABILITY METRICS.
THE FIRST IS THAT WE MAINTAINED SYSTEM AVERAGE RATES AT OR BELOW ANNUAL COMPOUNDED GROWTH RATE, AND WE'VE ALWAYS BEEN IN COMPLIANCE WITH THAT.
AND THE SECOND ONE IS OUR COMPETITIVE METRICS WHERE OUR AVERAGE ANNUAL SYSTEM RATE IS AT OR BELOW THE STATE AVERAGE.
AND I AM HAPPY THAT NOW THAT, UH, WE ARE WELL, THAT STAYED AVERAGE AT 97.6%.
AND I'LL HAVE MORE INFORMATION AT THE END OF THIS PRESENTATION NEXT, PLEASE.
SO THIS IS A QUICK AT OUR OPERATING REVENUE.
THE YEAR, AS I MENTIONED EARLIER, THAT OUR OPERATING REVENUE WAS 1,000,000,370 4 MILLION, AS I MENTIONED ALSO, THAT WE'RE ABOUT 2% BELOW AND MOST OF THAT WAS CONCENTRATED IN BILL BASE REVENUE.
UH, AND AS I ALSO MENTIONED EARLIER, THAT REDUCTION IN BILL BASE RENT IS A REDUCTION TO THE RESIDENTIAL RATES AND THE UPPER HERES THAT WE PUT IN PLACE GOING INTO THE SUMMER MONTHS, UH, FOR COVID RELATED AS WELL AS, UH, AN UNBUILD ADJUSTMENT OF ABOUT $6 MILLION PLEASE.
SO WE HAD, UM, OPERATING EXPENSES A LITTLE OVER A BILLION DOLLARS, UM, UH, THAT WAS DUE PRIMARILY IF YOU LOOK AT THIS BAR TRAP, UH, OUR GRAPH, UH, DUE TO ELECTRIC DELIVERY.
UM, AND AS I SAID, UH, THAT IS DUE TO SOME RENTAL EXPENSE AND, UM, UH, $5 MILLION WORTH OF LABOR AND TRAINING, UH, WHICH WAS PROBABLY RELATED AS WELL.
BUT ONCE AGAIN, VERY CLOSE TO BUDGET, UH, LESS THAN 1% DIFFERENCE, PLEASE.
[01:00:01]
THIS IS OUR FUND SUMMARY.IT'S A CASH FLOW STATEMENT, IF YOU WILL.
AND YOU CAN SEE THAT WE'VE TALKED TO THE DIFFERENCES ALREADY IN OPERATING REVENUE AND OPERATING EXPENSES.
AND THEN NET IMPACT OF THAT IS THAT OUR OPERATING INCOME IS, IS 33 MILLION LESS THAN WHAT WAS BUDGETED FOR.
AND AS YOU CAN SEE THE REST OF THE COMPONENTS THAT WE MEASURE BUDGET TO ACTUAL AGAINST ACTUALLY FIT VERY WELL, UM, UH, TO BUDGET, UH, OUR EXCESS EFFICIENCY OF THE REVENUES IS THE SAME AS OUR OPERATING INCOME.
WE HAVE $33 MILLION, UM, THAT SHE'D SEEN ACTUALLY IN THE BUDGET.
IF WE COMPARE TO THE PRIOR YEAR FISCAL YEAR 19, WE'LL SEE THAT OUR OPERATING REVENUES ARE DOWN.
THAT'S PRIMARILY BECOMES AN INCREASE POWER SUPPLY COSTS IN 2019, AND THAT OUR DEBT SERVICE IN 20 IS UP.
AND THAT'S NOT THE DUCHESS NETSUITE.
ARE THERE ANY QUESTIONS ON THIS? OKAY, THANK YOU.
THESE ARE OUR ENERGY SALES FOR THE YEAR, AND YOU CAN SEE THE EBB AND FLOWS ON A MONTHLY BASIS, BUT OVERALL WE SOLD 13,124 GIGAWATT HOURS, A LITTLE LESS THAN 1% OF BUDGET.
ANY IMPACTS, HERE ARE A COMBINATION OF JUST MAINLY WEATHER AND THE PROGRAMS TO HELP WITH COVID.
UH, ALTHOUGH WE'VE HAD VARIANCES, YOU CAN SEE THAT OCTOBER, WHEREAS IT WAS A LITTLE HEAVIER, IT DID HAVE IMPACT.
UM, BUT ALL IN ALL, WHEN YOU LOOK AT THE AIR TO THE BUDGET, UH, W REALLY IN WHAT WE ANTICIPATED, NEXT SLIDE, PLEASE.
SO THESE ARE OUR POWER SUPPLY COSTS AND, UH, OUR CAR SUPPLY REVENUE THAT YOU USE TO PAY FOR THOSE COSTS AND OURS, UH, THAT WAS YOUR BUDGET TO ACTUAL BARS FOR OUR SUPPLY COSTS.
AND, UM, UH, FOR THE $23 MILLION OF POWER SUPPLY COSTS.
THOSE ARE THE REVENUES THEY'RE SUPPOSED TO PAY FOR THAT OUR SUPPLY COST.
AND IF YOU'LL NOTICE THAT FOR MOST OF THEM, BLUE LINE IS ABOVE THE BAR, WHICH MEANS WE'VE COVERED MORE MONEY THAN WE NEEDED TO PAY THOSE COSTS.
WE STARTED THE YEAR 2020 WITH A 21 BILLION POWER UNDER RECOVERY.
SO WHEN WE SET THE POWER SUPPLY ADJUSTMENT OR THE PSA, RIGHT, WE SET IT TO RECOVER NOT ONLY IN THE POWER SUPPLY COSTS THAT WE ANTICIPATED, BUT THAT ADDITIONAL UNDER RECOVERY OF A MILLION DOLLARS, UM, THAT LIKE WE DID A PRETTY GOOD JOB.
WE ENDED THE YEAR, NOT ONLY RECOVERING THE POWER SUPPLY COSTS AND THAT 21 FEBRUARY, BUT ENDED THE YEAR WITH AN $8 MILLION RECOVERY, WHICH WILL PASS BACK TO THE CUSTOMERS IN THEIR POWER SUPPLY ADJUSTMENT.
AND THIS IS OUR CAPITAL IMPROVEMENT PLAN AND SILVA SPEND IS ON THE BITE AND THE HORIZONTAL BAR CHARTS, AND HOW WE FIND THAT THING IS, IS ON THE LEFT, UH, IN, UH, I'LL CHART.
UM, AS YOU CAN SEE, UH, WE OVERSEE IN DISTRIBUTION AND TRANSMISSION, UM, WHERE, UH, WE HAD A $254 MILLION CIP PLAN.
UH, WE ENDED UP SPENDING 273 OR 107% OF THE BUDGET.
UH, THE OVERSTEP IN THE DISTRIBUTION WAS, UH, CUSTOMER GROWTH RIBBON WHILE THE CHANGE IN, UM, IN TRANSMISSIONS, PRIMARILY RELATED, UH, TIME WRITING ARM RELATED.
UH, THE PIE CHART ON THE LEFT, UH, SHOWS THAT WE FINANCE IT ROUGHLY 50% DEBT, 2% CASH OR ANY QUESTIONS NEXT, PLEASE.
THIS CHART SHOWS OUR OF POWER SUPPLY COSTS, AS YOU CAN SEE, ARE OWNED AND CONTRACTED ASSETS.
UM, WHAT IS ACTIVE AS IN PREVIOUS YEARS, AND THAT'S BECAUSE THE MARKET STAYS FAIRLY LOW ON YOUR NEXT SLIDE, PLEASE WE'LL MOVE ON TO THE FINANCIAL STATEMENTS.
NEXT SLIDE, THE BALANCE SHEET ON THE LEFT, UH, AND A LITTLE
[01:05:01]
MORE THAN OUR CASH POSITION AND, UM, A COMMERCIAL PAPER PROGRAM ON THE RIGHT LONG-TERM ASSETS ARE UP $266 MILLION, UM, THAT IS ATTRIBUTED TO HER PENSION AND OPEB EXPENSES APPRECIATION PRIMARILY ATTRIBUTED TO NACADOCIOUS PLANT LONG-TERM LIABILITIES ARE UP DUE TO THOSE SAME OBLIGATIONS IN THE INCREASE IN DEFERRED INFLOW IS ATTRIBUTED TO A DEFERRED CONTRIBUTION TO THE, AND THE BIRD PENSION GANGS.YOU CAN SEE ON THE RIGHT IN THE GREEN GRAPH, WE HAVE $690 MILLION OF CASH AT YEAR END, UH, THAT TRANSLATES INTO 224, AND THAT ENDS UP CASH ON HIM.
THE DIRECT FINANCIAL POLICY SAYS THAT IT SHOULD HAVE AT A MINIMUM A HUNDRED DAYS AND SEE THE CASH.
UM, MARSHALL PAPER, UH, IN THE BOTTOM BAR CHARTS WE'D HAVE AT $275 MILLION PROGRAM.
THIS COMMERCIAL PAPER WILL BE ROLLED OUT LATER THIS MONTH IN MOHNISH NEXT SLIDE, PLEASE.
SO ON THE JANUARY, WE'VE ALREADY TALKED ABOUT THAT.
IT'S JUST A LITTLE, DEFINITELY ON THE RIGHT, IS THE INCOME STATEMENT.
I'LL DRAW YOUR ATTENTION TO THAT INCOME FOR THE YEAR.
UH, WE LOST $30 MILLION, UH, AND THAT'S ATTRIBUTED TO A LOT OF THE THINGS THAT WE'VE ALREADY TALKED ABOUT.
UH, W A REDUCTION IN BILL BASE REVENUE, UM, WE HAD INCREASED, UM, ESD PAST.
IT HAD INCREASED, UH, GNA COSTS.
A LOT OF THE GNA CLASS HAD TO DO WITH, UH, GETTING OUR TEAM, UM, FITTED WITH LAPTOPS AND SOFTWARE, UH, TO RUN THOSE THINGS, UM, WORK OUT OF THE HASFORD AS AN OPEN RESPONSE.
UH, THERE WAS A, UM, UM, A SCHEDULED OUTAGE AT STP, WHICH COST AN ADDITIONAL $6 MILLION.
UM, WE ENDED UP HAVING AN UNBILLED REVENUE, AS I MENTIONED EARLIER, ANOTHER $6 MILLION.
UM, SO, UM, FOR THE YEAR WE ENDED WITH A LOSS AND, UM, YOU'LL SEE THERE, THERE'S A BAR CHART, TWO BAR CHARTS ON THE BOTTOM.
I WILL DEFER ON THAT DISCUSSION UNTIL THE VERY NEXT SLIDE.
UH, IT IT'S A LITTLE BIT BIGGER.
UM, AND WE'LL GO TO THAT UNLESS THERE'S ANY QUESTIONS ON THIS SLIDE.
SO WHEN WE LOOK BACK AT THIS SCHOOL YEAR 20, AND COMPARED TO FISCAL YEAR 19, WE DID HAVE SLIGHTLY LESS, UM, UH, KWH SALES.
AND IN THE PRIOR YEAR, ALTHOUGH WE DID HAVE INCREASED CUSTOMER COUNT, UM, WE HAD, UH, ESTIMATE GROWTH OF 2.3% PRIMARILY IN THE RESIDENTIAL SECTOR.
AND, UH, WE BROKE THE HALF MILLION NATIONAL MARKET SHARE.
SO THE NEXT COUPLE OF SLIDES ARE GOING TO TALK ABOUT THE NEW INFORMATION THAT CAME OUT, AND WE'LL TAKE A LOOK AT HOW COMPETITIVE OUR RATES ARE, THE STATE INTO YOUR GROUPS, BUT I WANTED TO TALK REALLY QUICK ABOUT HOW WE GET TO THE NUMBERS, LOU BENCHMARKING, BECAUSE IF YOU'LL RECALL EIA EIGHT 61, DATA IS A NATIONWIDE DATABASE.
AND SO WE START WITH LIKE 4,500 UTILITIES AND GOING INTO THE TOP OF THE FUNNEL.
AND THEN WE TAKE OUT EVERYBODY, THAT'S NOT A TEXAS PROVIDER THAT LEAVES US 237 DATA POINTS.
AND THEN WE EXCLUDE ANYBODY THAT JUST SERVES COMMERCIAL AND INDUSTRIAL, AND THAT GETS US DOWN TO 221 DATA POINTS.
AND THEN FINALLY, WE'VE GOT TO LOOK AT PEOPLE THAT WHO HAVE AT LEAST 3% RESIDENTIAL, AND THAT GETS US DOWN TO 209 DATA.
SO WHEN WE TALK ABOUT THESE AVERAGES AND I WOULD COMPARE IT TO THE STATE OF YOUR ROOF, THAT'S, THIS IS THE GROUP THAT WE BENCHMARK.
SO THIS IS OUR, OUR SYSTEM AVERAGE, UH, OVER A, BASICALLY A 20 YEAR LOOK.
AND THEN YOU CAN SEE NOW FOR THE FIRST 10 YEARS OF THIS PERIOD, UH, WE WERE WELL BELOW THE STATE AVERAGE, AND IT STARTED TO NARROW IN 2012, 2013, AROUND OUR FIRST BASE BASE RATE CASE THAT WE HAD IN 20 YEARS, WE STAYED PRETTY CLOSE.
[01:10:01]
AS I MENTIONED EARLIER, WE'RE ONLY BELOW THAT STAYED AVERAGE AT 97.6%.PARDON ME? SO HERE'S THIS, HERE'S A LOOK AT THAT SAME DATA, JUST KIND OF BROKEN DOWN A LITTLE MORE.
SO, UH, FROM A RESIDENTIAL PERSPECTIVE, OUR RATES ARE BLOWN, UM, UH, THE S UH, STATE AVERAGE, AND I THINK WE'RE AT 92% OF THE STATE AVERAGE, HOWEVER, OUR COMMERCIAL INDUSTRIAL REITS STILL ABOVE STATE AVERAGE, THEY COME IN AT 114%.
AND THEN FINALLY ON THE SYSTEM, THOSE ARE THE ACTUAL NUMBERS THAT, THAT GIVE US THAT 97.6%.
SO THIS IS A HISTORICAL RESIDENTIAL RATES, AND AS YOU CAN SEE, ALMOST FOR THAT WHOLE 20 YEAR PERIOD, YOUR 19 YEAR OLD HEARING WOULD STAY WHEN THE STATE AVERAGE.
SO IS THERE A NEXT LEVEL OF DETAIL ON THE CNI RATES? WHERE DO WE HAVE MORE OF AN ISSUE OF A KILOWATT HOUR OR THE DEMAND CHARGE FOR THE CNI CUSTOMERS? IS THAT RIGHT? WE DON'T HAVE IT.
UH, IT WILL IT GIVE ME JUST A SECOND, LET'S GO TO THE NEXT, AND THAT'S A CNI SLIDE YOU MIGHT GO TO DISCUSSION MIGHT BE A LITTLE BETTER WARRANTED.
SO THEY'RE SINGING RIGHT THERE.
THIS EIA DATA SIMPLY TAKES THE REVENUE AND KWH.
SO THESE ARE ALL SENSITIVE, PAID ON THE AGENT.
DOESN'T WANT THE ACTUAL RATE STRUCTURE THAT YOU CAN SAVE HERE.
NOW, ONCE AGAIN, UP UNTIL ABOUT 2009, 2010 ARE SEEING HIGH RATES WERE BELOW THE STATE AVERAGE IN THEM.
UM, BEST PRICES GOT REALLY CHEAP AND WHEN WE CROSS THE CALVES AND HAVEN'T QUITE GOTTEN BACK DOWN TO THE STATE AVERAGE, BUT I WILL SAY IN THE LAST, YOU KNOW, LAST COUPLE OF RIGHT CASES, OUR S TUNIS THREE RIGHTS, UM, UM, WE'RE ABOVE, UH, UH, SYSTEM COSTS.
IS THERE FEEDBACK FROM OUR BIG CUSTOMERS ABOUT WHICH ONE REALLY IS THE DEMAND CHARGE OR THE ENERGY CHARGE? NO, WE, HAVEN'T.
UM, BUT, BUT I WILL SAY WE DID HAVE A STUDY COMPLETED THAT SAYS OUR RATE STRUCTURE IS PRETTY, UM, PRETTY CONSISTENT WITH OTHER UTILITIES ACROSS THE NATION.
SO THE MAN IN CHARGE AND ENERGY CHARGES ARE NOT THAT UNCOMMON.
SO THIS IS OUR COMPETITIVE GOAL.
UM, AND AS YOU CAN SEE, THE, UH, THIS IS MEASURED AGAINST OUR PEER GROUP, UH, FOR A SYSTEM AVERAGE, AUSTIN ENERGY IS YELLOW BAR.
UH, THE STATE AVERAGE IS THE BLACK BAR.
SO YOU CAN SEE JUST BRACKETING BY LOOKING AT THIS THAN WE WERE WE'RE IN THE TOP TIER OF A SYSTEM, AVERAGE RATES, ACCORDING TO THIS PEER GROUP, NEXT SLIDE PLEASE.
AND SO THESE NEXT THREE SLIDES HAVE TO DO WITH RESIDENTIAL, UH, RATES IN CONSUMPTION IN BILLS.
AND IN MY OPINION, THEY, THEY ARE A GOOD NEWS STORY IF YOU WILL.
UM, IT IS MY CONTENTION THAT, UH, CUSTOMERS ARE MORE CONCERNED ABOUT THE BILL THEY PAY AT THE END OF THE MONTH, AS OPPOSED TO RIGHT.
UH, SO YOU CAN SEE HERE JUST VISUALLY, IF YOU LOOK AT THIS NUMBER AUSTIN, ENERGY'S THE YELLOW BAR THAT OUR, OUR, OUR RATE IS ABOUT IN THE MIDDLE OR AVERAGE RESIDENTIAL RIGHTS.
WHERE ARE THIS PEER GROUP? NEXT SLIDE, PLEASE.
HOWEVER, FOR THE CITY, WHAT THE CITY OF AUSTIN HAS DONE IN AUSTIN ENERGY, THAT'S FINE.
YOU CAN SEE THAT OUR, UH, OUR AVERAGE CONSUMPTION IS MUCH LESS THAN, THAN THE PEER GROUP.
UH, AND I'D DRAW YOUR ATTENTION, YOU KNOW, JUST TO OUR SURROUNDING NEIGHBORS, UM, PRONOUNCE ELECTRIC JUST BEST, UM, RIGHT, THE SOUTH AND WESTERN ONES, UH, THEIR, THEIR CONSUMPTION IS 1,239 AVERAGE NEW BOND IS 1,271.
UH, LET'S SEE WHERE SYDNEY IS.
AND A LOT OF THAT CONSUMPTION IS DUE TO, UM, UH, NOT ONLY THE RESIDENTIAL MIX, WHAT PEOPLE ARE MOVING INTO APARTMENTS VERSUS SINGLE FAMILY RESIDENCES AND, AND IMPROVEMENT, UM, JUST IT EFFICIENCY OF APPLIANCES, BUT THAT THOSE GANGS ARE HELD, ESPECIALLY APPLIANCE EFFICIENCIES FOR ALL RESIDENTS, RIGHT, UH, ACROSS THE STATE THAT
[01:15:01]
ARE INCLUDED IN THE SECURE GROUP.BUT ONE THING AUSTIN ENERGY HAS DONE IS INVESTED $40 MILLION A YEAR IN ENERGY EFFICIENCY, OR AT LEAST ONE, IF NOT LONGER.
AND, UH, WHEN YOU HAVE, UM, BUILDING STANDARDS THAT, UH, THAT CERTAINLY ENCOURAGE THE ISSUES.
SO WHEN YOU TAKE THAT TYPE OF CONSUMPTION, WOULD THAT MIDDLE OF THE ROAD, RIGHT? NEXT SLIDE, PLEASE, WE GET A BILL THAT LOOKS LIKE THIS.
SO WITHIN THE PEER GROUP, YOU CAN SEE AN AUSTIN ENERGY HAS THE SECOND LOWEST BILL IN THE STATE OF TEXAS.
AND TO ME THAT SHE DIDN'T EXIST.
AND THAT, I THINK THE LAST SLIDE SAYS, THIS CONCLUDES MY PRESENTATION, UNLESS THERE'S ANY QUESTIONS.
SO NEXT ON THE AGENDA, ARE WE, I GUESS WE GOT THROUGH 12 NOW, 13.
NOTHING TO REPORT JUST STANDARD, JUST THE STANDARD WRITTEN REPORT.
HEY, IS THERE ANYTHING WE NEED TO GO OVER WITH THAT, UNLESS ANYONE HAS ANY QUESTIONS ANY LAST ON THE AGENDA IS, UH, IF
[14. Discuss potential future agenda items. ]
YOU HAVE ANY FUTURE AGENDA ITEMS, IF YOU'RE READY TO MOVE TO THAT, UH, BUST YOUR TUTTLE.AND, AND IN THAT REGARD, OF COURSE, UH, MY NOTE DID SEND OUT A REMINDER OF THREE THAT ARE CURRENTLY OUTSTANDING.
UH, THE MULTI-FAMILY ENERGY EFFICIENCY UPDATE, UH, UH, LARGE HEAVY TRUCK FLEET, VEHICLE ELECTRIFICATION AND RESILIENCY.
AND THOSE ARE ALL GETTING WORKED INTO THE SCHEDULE WITH THE CHAIR, UH, STARTING NEXT YEAR.
AND WE DO HAVE A DECEMBER MEETING GOING, NO, SIR.
WELL, ARE THERE ANY OTHER ITEMS THAT THE OTHER COMMISSIONERS WOULD LIKE TO EXPLORE? I DO HAVE A, UM, PIECE OF INFORMATION TO SHARE, WHICH IS THAT THE TEXAS ENERGY SUMMIT IS COMING UP NOVEMBER, UH, UH, 10TH THROUGH 12TH AND 17TH THROUGH 18TH, AND IT'S VIRTUAL.
AND THAT GOES FROM TWO TO 4:00 PM ON THE AFTERNOONS.
AND THERE ARE SOME REALLY INTERESTING SESSIONS COMING UP.
SOME WILL BE ELECTRIC VEHICLES, THERE'S ENERGY EFFICIENCY, ENERGY STORAGE, AND YOU CAN FIND OUT MORE@TEXASENERGYSUMMIT.COM AND, UM, SOME PEOPLE MIGHT QUALIFY FOR SCHOLARSHIPS.
UM, YEAH, ALL PUBLIC EMPLOYEES, I BELIEVE CAN GET A FREE BINGO FOR FREE WITH THE SCHOLARSHIPS AS CAN NONPROFITS.
SO IT'S, IT'S A GREAT CONFERENCE IN THE GENERAL PUBLIC MIGHT BE INTERESTED TOO.
IT'S AT TEXAS ENERGY SUMMIT.COM.
UM, I'M GLAD TO SEE THAT YOU HAD KEPT THOSE, UM, UH, AGENDA ITEMS ON FOR THE FUTURE.
I'M, I'M LOOKING FORWARD TO THAT.
UM, AS IN PARTICULAR, THE ELECTRIC VEHICLES UPDATE ON WHAT'S OUT THERE AND WHAT'S AVAILABLE.
WELL, IF THERE'S NO OTHER ITEMS, THEN WE CAN CONCLUDE THE MEETING.
SO JEFF, THANKS FOR YOUR SUPPORT AGAIN, THANK EVERYONE FOR THEIR TIME WITH THAT.
THE GOOD NEWS ON THE AFFORDABILITY GOALS.