Austin Energy is looking to fund electric system improvements through selling bonds.
The City of Austin has been authorized to sell up to $695 million in bonds, with Austin Energy revenue used to repay the debt over time.
Selling bonds and refinancing debts, a process that could help reduce utility rates for customers.
The bond authorization will allow the city to finance major utility projects, refinance existing debt and potentially reduce borrowing costs.
The city has until April 22, 2027, to complete the bond sale.
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Matt Mitchell, public information officer for Austin Energy, said the utility reviews its financing options annually to identify opportunities to…