Austin Energy on Monday night offered the report to the city's Electric Utility Commission. The Austin City Council ordered the report and will be briefed next month.
The Austin American-Statesman reports Austin Energy wants permission to take offers on the Fayette plant, expand natural gas-powered facilities or build a replacement power plant.
The unit is co-owned by the city and the Lower Colorado River Authority, which has said it might buy Austin's share. The Fayette plant, which provides about a third of Austin's energy, is located 80 miles southeast of Austin.
The Sierra Club has been urging Austin Electric to stop using coal amid pollution concerns.
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