LP&L rates not going up as originally scheduled

LP&L rates not going up as originally scheduled

Posted: Updated:
LUBBOCK, Texas -

If you use Lubbock Power & Light electricity, your rates will not be going up. 

The rate program originally called for five years of 5.75 percent adjustment, meaning that's how much the rate would increase. 

After monitoring costs, the utility reports the infrastructure program is now fully funded. This eliminates the final rate increase in the five-year plan.

The only change you will see is to the rate for residential customers who heat and cool with electricity.

"Our Rate 3 customers, which are total rate customers, previously had about a 1.5-cent base rate in the winter months and about a 5.2-cent base rate in the summer months," explained Matt Rose with LP&L. "It will now be averaged out to 2.9 cents all year long."

Rose says the goal is to continue improving infrastructure and build 141 miles of transmission lines before the transition to ERCOT in 2021. 

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