Austin Energy reported third-quarter financial and operational highlights to the Utility Oversight Committee on Oct. 7, with staff saying operating income and net income trended above budget for the period ending June 2025.

Interim Chief Financial Officer Stephanie Koudelka told the committee the utility moved $30 million from a power supply overrecovery into its power supply stabilization reserve earlier in the fiscal year. She said that transfer helped the utility meet its financial policy of 90 days of power-supply cash on hand and contributed to stronger operating results for the quarter, but noted the transfer was a one-time event and would not recur in the next fiscal year.

Koudelka said Austin Energy currently holds about 195 days cash on hand against its 150-day policy and that Standard & Poor’s affirmed the utility’s double-A-minus (AA-) rating with a stable outlook. She also reported a $109 million overrecovery on the power supply adjustment and noted the utility used administrative authority during the fiscal year to lower that adjustment rate in five 5% steps. Koudelka said staff would reassess the power-supply adjustment after closing September results.

On operations, Deputy General Manager and Chief Operating Officer Lisa Martin presented Q3 operational highlights for April–June 2025, reporting 44% renewable production and 68% carbon-free production as a percentage of load for the quarter. Martin said generators were generally available and that reliability metrics showed increased storm restoration activity; results exclude a major event (a May microburst) that is being reviewed separately.

Committee members asked follow-up questions about district-cooling capital timing and equipment lead times for peaker units; staff said district-cooling underspends were timing-related and that queue delays for peaker procurement had stretched to roughly three to five years.

The committee approved the minutes from the July 22, 2025 meeting by motion of Council Member Duchin, seconded by Council Member Alter, approved without objection.