So lets take the political finger pointing out of this and get to the truth.
To cut to the chase, the Georgetown city council bought the hype that the city could go 100% "green energy" and save the citizens money on their electric bills. Just sign on the bottom line for an energy contract of several years and all will be good. Yes, the contract price was a bit high, but the excess capacity can be sold back onto the grid at non-green market price. Everybody makes money, right?
Wrong. Price of oil/gas drops (contract was signed when oil/gas was high), but the city is under contract. Difference has to be covered by citizen consumers. Electric bills skyrocket (Georgetown bills far and away the highest in the area) and the good folks of Georgetown are ready to string up the city council in the town square.
Think about the ARM's of the early 80's and you get the picture. The city council didn't understand the "what if", and a lot of Austin's greenies have moved out of the high cost of living Austin, moved to Georgetown (just a few miles north but in a different county) jumped on the renewable energy band wagon and have begun screwing up another economic area with their green ideas (not bad ideas) without considering what would happen if non-renewable energy costs dropped.