It would be good for most people to read the budget proposal and financial report on the Internet related to LP&L. It has several factors most people do not know.
The most obvious is income. You can’t, by Constitution, borrow money without an income source to pay for your project. Remember the legal government in Texas is state and county by Constitution. Cities are by franchise from the state government.
Yes, they have legal settings which says you must obey the Texas Constitution. When you enlarge, as LP&L has, the cost is very high and getting higher.