City Council will meet this week with a packed agenda including LP&L rates.
After a loss of more than $3 million last year, LP&L is proposing rate adjustments across the board. The electric utility board approved a 9.7 percent increase to its retail rates. The increase will mean a $7 to $10 bump per month for the average household. Mayor Glen Robertson said historically, LP&L has just matched Xcel's rates, but in the past three or four years, the city-owned utility hasn't kept pace. With Xcel's contract running out in 2019, Robertson said they've started thinking about future electricity needs. He said there is a request for a proposal, or an RFP, out right now to have third parties come in and look at providing generation for Lubbock.
"If there aren't any good proposals, and this was one of the recommendations from the consultants, then we need to start looking at building generation," Robertson said. "We're going to have to start looking at it fairly fast, and we'll have to make some decisions. But I am hopeful that we'll see some good proposals."
There will be a vote on the rate increase at Thursday's council meeting. Robertson said he hopes to know more about the generation proposals within the next 30-60 days.