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Wednesday, April 07, 2010

Diverse Groups Press Texas Energy Company for Increased Disclosure

As Austin, Texas, seeks to get 30 percent of its power from renewable energy sources by 2020, big industrials, environmental activists, and civic watchdogs find themselves agreeing on another goal - increased disclosure from Austin Energy.

The groups point to a $2.3 billion deal for a wood waste plant, a deal signed two years ago without much public scrutiny or input. Austin Energy officials have acknowledged they mishandled public debate over the wood waste plant, which did not begin until the City Council voted to sign the contract.

Austin Energy says it is reviewing its information with an eye toward increased disclosure without compromising its confidential information.

Read more details here.

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