LP&L Lowers Electric Rate For 2020 Summer
Lubbock Power & Light is lowering the power cost recovery factor portion of the electric rate for the summer of 2020.
This is the 6th overall rate decrease in the past 36 months, resulting in substantial savings for all customers throughout the hottest months of the year.
The LP&L Electric Utility Board voted unanimously to implement the recommendation for a rate decrease during the regularly scheduled April board meeting.
David McCalla, director of electricity utilities says:
LP&L is committed to providing our customers with safe, affordable and reliable power [...] We’re thankful we are in a position to pass on savings to our customers when they need it most.