LP&L buyout of Xcel to move forward - KCBD NewsChannel 11 Lubbock

6/21/10

LP&L buyout of Xcel to move forward

LUBBOCK, TX (KCBD) - The Lubbock Power and Light buyout of Xcel Energy could be complete this fall.

The companies involved dropped their opposition to the sale Monday, including issues about a $7 charge on residential bills set to begin before July. The fee was added to make sure customers pay for more than a million dollars worth of fuel costs.

Federal authorities say only LP&L and Xcel are certified to sell electricity throughout most of the city. However, small areas of the city operate under South Plains Electric Coop.

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