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AUSTIN, TX: 1-13-12:
A large, one year electricity rate increase in Austin is a cautinary tale for analyzing methods to stabilize future energy cost increases. Installers/Developers should can inform commercial clients in particular about methods to safeguard their future Net Operating Income (NOI).
Of Note:
· Austin Energy states they have not been able to raise base rates in 17 years, hence the large one year jump.
· Churches would be re-classified as “commercial” for rates. Churches disagree due to time they draw power.
For more…
LINK: Read the Austin Business Journal story here:
Jim Young
President
Solar Capital Group, LLC
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