‘Green’ Texas Town Faces Budget Crunch As Energy Prices Drop

Critics say Georgetown’s plans to go green were too ambitious, and that the city should not have purchased so much excess electricity.

By Paul FlahiveJanuary 28, 2019 9:30 am, , ,

From Texas Public Radio:

Georgetown, Texas made headlines when it signed 20- and 25-year contracts with solar and wind energy providers at a fixed rate in 2012. The costs of energy have plummeted since then though, and the city is on the hook for excess energy it thought it could sell back for at least as much as they bought it for.

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