On Friday's edition of Lubbock's First News, Lubbock Mayor Glen Robertson talked with Tom Collins and Laura Mac about the latest coming out of city council.
lubbock power and light
KFYO Poll of the Day.
EUB Chairman Gail Kring asserted that if the utility’s bond ratings dipped, it could mean greater expense for Lubbockites later on.
The utility says that they contacted federal authorities to express their desire to cooperate fully in any inquiry, and “federal authorities could not confirm nor deny any investigation and to this date LP&L is unaware of any official investigation by federal authorities of LP&L."
The Chad Hasty Show airs weekday mornings 8:30-11am on 790AM KFYO.
The Council voted to increase funds for a project replacing a Lubbock Power & Light cooling tower from $3,925,000 to $5,930,000.
The group touts the Electric Utility Board’s recommendation to pay off $5,640,000 of debt with high financing costs, and the Lubbock City Council approved redeeming certain outstanding obligations with higher interest rates.
The Council heard many pros and cons about LEDA, considered Lubbock Power and Light's budget, and, in fairly close votes, approved the upcoming budget and tax rate.
One budget proposal for the utility was prepared by the LP&L staff and another by the City of Lubbock staff.
To help conserve electricity, use large appliances in the morning or late in the evenings, and ensure that home and business air conditioner filters are clean, as well as turning off unneeded lights, computers, and appliances.