News Release

May 24, 2007

LP&L Rate Structure Change

Lubbock, TX –

LUBBOCK, Texas – Lubbock Power and Light (LP&L) proposed a new retail base rate that will result in an average annual 3.1 percent increase effective June 1, 2007.

The annual average residential bill for a customer using 1,000 kilowatt hours a month will rise by $2.90.

Some customer groups could see different increases depending on their class of service. 

The Lubbock City Council approved the rate structure change on May 24, 2007.

In addition to the rate structure change, LP&L expired a fuel surcharge of 4.5 percent in May 2007 and will expire a second fuel surcharge of 2.8 percent in the Fall 2007, resulting in potential customer savings in fuel charges of over 7.3 percent.  

This is LP&L’s first increase in the retail electric base rate for LP&L electric customers since 1986.

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Lubbock Power & Light, a municipally owned entity of the City of Lubbock is separately governed by an Electric Utility Board appointed by the Lubbock City Council. LP&L has approximately two hundred employees working toward generating and distributing electrical service for the citizens of Lubbock, Texas. LP&L distributes over 95,000 monthly utility statements for electric, water, sewer, solid waste and storm water services. LP&L has provided the lowest cost and most reliable electricity in Lubbock for more than 90 years

Media: Chris Sims (806) 775-2502