LP&L Rates Increase 14% - KCBD NewsChannel 11 Lubbock

4/30/03

LP&L Rates Increase 14%

LP&L was trying to be the good guy. Keeping monthly bills for customers at a constant level. But in the process it began eating the difference of rising fuel costs. On Wednesday, LP&L started a strict diet, trying to lose $18 million in debt but keep customers happy.

"I just shut it off. I just shut my deal off. I'm not having anything to do with LP&L anymore," said former LP&L Customer Mike Cantrell. He's disgusted with expensive electric bills and the news of rising rates. "I've had enough, yeah, yeah," he said, his head shaking back and forth.

Cool Ways To Save in the Summer Heat
Using energy wisely doesn't mean you can't stay cool or that you have to go without the essentials but it will save you money and also help save the environment. These tips outline various ways which will help you reduce your energy consumption.
More >>

Starting May 1st, meters will begin racking up higher electric bills, but only for LP&L customers. For the moment, Xcel's rates will stay the same.

The 14% hike will boost the average monthly bill of $72 to $82. While Xcel, LP&L's chief competitor, charges customers an average of 20% less.

"Today was an exceptional day, yes sir it was," beamed Xcel community service manager Steve Deaton. Normally he receives between 6 to 10 new customers a day, but by 2 o'clock Wednesday afternoon? "We've received probably over 100 right now," he said.

So why should consumers stick with LP&L? "I think it's the service," said Interim City Manager Tommy Gonzalez. He says the utility is doing everything it can to cut costs, including a hiring freeze of 27 vacant positions, and laying off five employees. "So we went from 270 to 238. So, we're tightening our belt at LP&L," said Gonzalez.

But paying off an $18 million debt could take up to two years, and officials at Xcel refute the claim that LP&L has superior service. "We've got 175 employees in Lubbock, Texas that are more than willing to serve in whatever capacity they need to," said Deaton.

Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
publicfile@kcbd.com
806-744-1414
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.