The Lower Colorado River Authority (LCRA) is a nonprofit public utility created in November 1934 by the Texas Legislature. LCRA's mission is to enhance the lives of the Texans it serves through water stewardship, energy and community service. LCRA provides public power, manages the lower Colorado River, builds and operates transmission lines, owns public parks, and offers community services.

Lake Austin, formerly Lake McDonald, is a water reservoir on the Colorado River in Austin, Texas. The reservoir was formed in 1939 by the construction of Tom Miller Dam by the Lower Colorado River Authority. Lake Austin is one of the seven Highland Lakes created by the LCRA, and is used for flood control, electrical power generation, and recreation.