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Austin Energy Changes Wind Power Program

Updated: Monday, August 4 2014, 02:22 PM CDT

Changes to an Austin Energy program intended to help pay for investments in wind power are drawing criticism from some industry experts.

The Austin American-Statesman reports an Austin Energy program launched in 2000 opened an opportunity for its customers to help support the company's wind contracts. They could enroll for 10-year contracts that tied their rate to what the utility was paying for wind.

Austin Energy changed the program earlier this year, disposing of the long-term contracts. Instead of a price tied to wind contracts, customers now pay an electricity rate that's higher than the standard rate. The company says the revenue goes toward paying for wind power.

Industry experts say the program has become little more than a marketing ploy.

Austin Energy says the changes have been popular with its customers.

(Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Austin Energy Changes Wind Power Program


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