Xcel Energy has announced a rate hike to take place in October and has asked for permission to levy another beginning in November.
The South Plains region centering on Plainview will be the focus of a series of significant capital improvement projects put in place by Xcel Energy.
According to Xcel, electrical power demand has continued to rise in the region as farmers continue use more electricity for irrigation purposes
Xcel says that they are currently spending more on fuel costs than it is taking in from customer fuel charges, which make up about half of a typical residential customer's monthly bill.
Last year, Xcel Energy sold a portion of a transmission line running from Hobbs, New Mexico to Midland, Texas to Sharyland Distribution and Transmission Services.
Thursday evening, the Lubbock City Council held their final regularly scheduled meeting for the month of January.
The council unanimously approved two agenda items that piqued some interest during the week
Xcel Energy today filed an application with the Public Utility Commission of Texas for a base rate increase for retail electric customers. The filing does not affect customers of rural co-ops.
If the rate hike is approved, an average residential customer using 1,000 kilowatt hours per month would see their bill increase by $10
Several area customers have said that impersonators are seeking to obtain payment either over the phone or in person.
Xcel Energy is seeking an additional $13 million in annual revenues to cover costs associated with a $173 million investment of new and updated high-voltage transmission lines built in Texas.
David Hudson, a Lubbock native, began his career as a rate engineer in SPS’s rates and regulation department in 1983.
The Jones Generating Station can now produce enough electricity to power, on average, more than 637,000 homes.