Austin Energy has consistently maintained high bond ratings. A bond rating is a measure of a company’s credit quality, which includes the ability to repay its debt in a timely fashion. In 2016, two bond rating agencies upgraded their assessments of Austin Energy's creditworthiness, allowing the City of Austin-owned utility to reach a key financial goal of a AA credit rating. Standard & Poor's rated the $1.3 billion utility's bonds at AA Stable, up from AA- Stable. The rating service cited "the electric system's very strong financial performance trend as evidenced by its ability to maintain stronger fixed-charge coverage and total available liquidity levels.

Bad debt expense is the amount of revenue billed in any fiscal year that is not collected. It represents a final, audited number based on an analysis of collectability. While Austin Energy has experienced growth in receivable balances for active accounts due to a postponement of utility cut-offs for delinquent payment during Austin Energy’s transition to the new customer billing system, the utility is beginning to see significant collection on those balances. Find more information at http://austinenergy.com/go/reports.

Debt Service Coverage Ratio is a measure of the cash flow available to pay current debt payments. View our debt-to-equity ratio, debt service coverage ratio, and more starting from fiscal year 2005. Go to http://austinenergy.com/go/corporatereports to learn more.