Notice that in each of the last 3 years,the city increasingly lost money purchasing electricity, from $8M in 2016 to $20M in 2018. They were saved from these extreme losses by purchasing Congestion Revenue Rights, which are a financial derivative product created by ERCOT. What if they had bet the other way on the CRRs? The losses would have been truly massive.
As long as natural gas prices remain low, we can expect GUS to lose money. How long will that be? Who knows?
The City can only delay capital projects so long before the projects will have to be implemented to replace existing equipment and construct new capacity as the city grows.
Unless gas prices increase, expect that additional funds will be extracted from Georgetown citizens.
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