Recent increases in water rates have concerned many
Lubbock residents, and LP&L is often the first place irritated taxpayers
turn to vent their frustrations. The reason is simple: all of the
city-owned utility bills are included together in one LP&L envelope even
though LP&L is no longer managed by the city. Too many Lubbockites see
their utility bills and blame LP&L for the policies and rates of other
city utilities. Here are the facts.
As your home-owned power company, LP&L is managed and
staffed by local citizens you know as friends and neighbors. We're all
vitally interested in the quality of life in our hometown. Sure, we're
concerned about an increase in our water rates - but we're even more
concerned about having enough water to keep Lubbock a great place to
live, work and raise our families.
We
believe our city leaders have the best interests for all of Lubbock
in their hearts. We're counting on them to do what's best for
Lubbock rather than ignoring today's urgent needs and sacrificing
tomorrow's growth and quality of life. In the past, Lubbock has
risen to the occasion when critical times arose; we believe we will
do so again.
In 2004, 83 percent of Lubbockites voted
overwhelmingly for an independent LP&L board made up of respected local
citizens. In effect, the vote took management of LP&L away from city
hall and placed it in the hands of experienced business leaders.
Lubbock's water, sewer, stormwater and solid waste
departments remained under city hall's management; however, for four
years, LP&L has been managed by an independent board of respected,
knowledgeable citizens who have given their time and leadership to
ensure Lubbock taxpayers continue to have dependable electric service at
rates that are among the lowest in the state.
The board looks for common-sense ways to keep costs,
and rates, down. More than 75 percent of Lubbock homeowners are LP&L
customers, so it makes sense to include all of the city-owned utilities
on one statement. This grouping of statements may cause LP&L to take the
brunt of taxpayers' irritation when rates go up - but it saves both
taxpayers and city hall money.
Today LP&L's efficient billing system is used to
process all City of Lubbock utility bills. LP&L also provides a
telephone answering service that directs callers with questions about
any of the city's utility bills and service calls.
LP&L meter readers are used to gather the usage
figures for the city-managed departments as they check LP&L meters. The
city pays LP&L a fee for these services and eliminates duplication of
efforts. This common-sense way of doing business is more convenient for
families and businesses and it saves taxpayers and city hall millions of
dollars each year.
In less than five years the wisdom of the voters has
been proven; LP&L is back in the black and regaining the respect it
deserves. Last month LP&L lowered electric bills due to falling fuel
prices for all classes of customers as we head into the summer months.
This month, Fitch Ratings, the global rating agency,
singled out LP&L from other city entities and boosted the company's
rating from "BBB+" to "A-" due to LP&L's continued financial
improvement. This will reduce the interest rates on the City of
Lubbock's several million dollars of outstanding electric light and
power system revenue bonds.
As always, LP&L homeowners will have the lowest
electric rates in the Lubbock market and will be among the lowest rates
in the state. It's part of the Home-Owned-Advantage that Lubbock has
enjoyed for more than 90 years. Thanks for taking time to read this
information about what's good and right about Lubbock. Now, here's an
idea from LP&L that will let LP&L customers help less fortunate
customers with their utility bills.
LP&L is now starting a campaign to re-inform customers
of an existing program to help those who need help with their electric
bills. The program is called, "Project Helping Hands." It encourages
LP&L customers to round up their monthly bill to the next dollar or
pledge a donation of $1 or more each month. Pledges can be cancelled at
any time and the money raised will be completely separate from LP&L.
Statement stuffer pledge forms will soon be included
in all LP&L statements or customers may call 775-2509 or go online at
lpandl.com to learn more about Project Helping
Hands and to join this neighbor-helping-neighbor campaign.
Thanks from your friends and neighbors at LP&L.
W. R. COLLIER
is chairman of the Electric Utility Board.