LP&L Board votes to lowers rates this summer - FOX34 Lubbock

LP&L Board votes to lowers rates this summer

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LUBBOCK, Texas -

Lubbock Power & Light is lowering the power cost recovery factor portion of the electric rate this summer.

This is the sixth overall rate decrease in the past 36 months. During its April board meeting, LP&L's Electric Utility Board unanimously voted to implement the staff's recommendation for a rate decrease.

The reduced rate is effective for all residential and commercial customers June 1 through Sept. 30.

The Policy and Charging Rules Function is the amount LP&L pays to purchase or generate power sent directly to customers with no mark-up.

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