Electric Companies Move to Benefit Lubbock

LP&L and Xcel Energy have reached a mutually beneficial agreement that will allow LP&L to purchase Xcel Energy’s electricity distribution system within the city and to serve all of Xcel Energy’s Lubbock retail electric customers.  Read more at www.lpandl.com

LP&L Is Coming To You

Now you can save gas and time by paying your LP&L bill using cash or money order at 27 different Western Union Pay Stations in Lubbock.

http://www.lpandl.com/paycenters.htm

The Power Is Yours

LP&L – Who Owns It? Who Runs It? How Does Its Electric Rates Compare With Others? How Much Does It Contribute To Lubbock?

http://www.lpandl.com/GoodNews.htm

LP&L Gives $5,000,000 Back to Customers

LP&L has also met their required reserves and in the 2008‐09 fiscal year will contribute approximately $5,000,000 annually to the City of Lubbock in Franchise Fee Equivalent payments, $1,120,000 from discounted electric rates, $4,000,000 in refunded fuel cost adjustments and $1,000,000 in electric rebates for a total of $11,120,000 back into the Lubbock economy. LP&L is doing all this while continuing their policy of being the lowest priced electric provider in the city and among the lowest in the state.

http://www.lpandl.com/News/2009/LP%26L%20Gives%205%20Million%20To%20Customers.htm

Citizens put themselves at helm of LP&L

With 83 percent of voters in favor of moving control of the power company into an Electric Utility Board, Lubbock voters gave its City Council authority to appoint a nine-member panel to run LP&L operations.

http://www.lpandl.com/news.htm

New Payment Option – Pay By Phone

 

LUBBOCK, Texas – Lubbock Power & Light announces the launch of a free Pay By Phone option for customers.

In addition to the very popular free on-line payment option, customers now have a sixth option for paying their utility bill. Customers can pay their bill by telephone or cell phone by calling (806) 775-3409.

LP&L customers already have the lowest electricity costs among electricity providers in Lubbock and around the state. More than 900 customers access the free Pay LP&L on-line web option each day and LP&L expects the new Pay By Phone option to be just as successful in meeting our customers needs and expectations.

http://www.lpandl.com/News/2008/Pay%20By%20Phone-%20New%20Release.pdf

 

Lower Electric Rates

Good news for Lubbock Power and Light (LP&L) electric customers.  Your March electric bill will be significantly cheaper.  Due to falling natural gas prices, the typical LP&L residential electric customer will see fuel charges on their bill drop $20 a month.

On Thursday, the Lubbock City Council approved the rate change which will take effect March 1.  The recent vote allows LP&L to continue its tradition of providing the lowest rates in Lubbock.

http://www.lpandl.com/News/2009/Lower%20Electric%20Rates.htm

Fitch Upgrades LP&L

Lubbock Power & Light (LP&L) recently received a ratings upgrade from Fitch Ratings, a leading global rating agency.  Fitch boosted LP&L’s rating from a ‘BBB+’ to ‘A-’ for the City of Lubbock’s $16.5 million of outstanding electric light and power system revenue bonds.

The upgrade to ‘A-‘ is primarily based on LP&L’s continued financial improvement.  The electric company has continued to remain competitive by gaining 8,000 new electric customers since 2006

http://www.lpandl.com/News/2009/Fitch%20Upgrades%20LP%26L.htm

Keeping Utility Costs Down

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.

http://www.lpandl.com/News/2009/Keeping%20Utility%20Costs%20Down.htm

Lubbock Power & Light Receives a Bond Ratings Upgrade

Lubbock Power & Light (LP&L) received a rating upgrade today from Standard & Poor’s Ratings Services, a leading global rating agency.  Standard & Poor’s Ratings Services raised its underlying rating (SPUR) on Lubbock, Texas’, doing business as Lubbock Power & Light (LP&L), electric system revenue bonds two notches to ‘A-’ from ‘BBB’ based on the system’s sustained trend of improved financial performance due to a combination of a reduced operating profile risk and an increased market share in its competitive service area.

http://www.lpandl.com/News/2009/S%26P%20Upgrades%20LP%26L.htm