LP&L considering rate increase

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Updated: 7/02/2012 10:11 pm
The Board of Lubbock Power and Light is talking about a rate hike again and hoping for council buy-in this second time around.

During last week's utility board meeting members approved a fiscal budget that added a rate increase to the equation.

Mayor Glen Robertson was on Good Day Lubbock Monday morning and said that is the only difference from the rate proposed back in May that was turned down.

Robertson said it is tough to make a good business decision without solid numbers. That is why he does not want to consider this until the end of the fiscal year after summer earnings are calculated.      

“LP&L traditionally makes all of its money in the months June, July, and August, which we are just now into,” Robertson said. “So, for us to look at budgeted numbers and forecast models and try to make good decisions, I do not think is a good business model, and I will not and can not vote for a rate increase until we get through the end of the fiscal year.”

City Council will respond to the utility board's recommendation at its next meeting on July 12th.

 

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