A cost analysis study by Public Citizen, a consumer watchdog group, found that the solar energy proposed in the resolution would save Austin consumers between $12.6 million and $32 million a year compared to building a new natural gas-fired power plant, according to a news release.
Per the resolution, Austin Energy's Decker Plant will be phased out in favor of a 600-megawatt solar-powered plant. Plans to shut down the Austin Energy plant have been in the works for some time because Decker Plant has nearly met its life expectancy, Riley said.
The solar panels would not go in place of the Decker Plant but instead would likely end up in West Texas on property already owned by Austin, the councilman said.
Austin Energy sent out a news release on Aug. 26, the same day Riley announced the resolution, that stated Decker still has many years of life left in it.