By James Clark | email
LUBBOCK, TX (KCBD) – KCBD NewsChannel 11 has learned that city officials are bracing for a fight behind closed doors on the near future of Lubbock Power & Light.
Some council members want LP&L to pay for street lights at a cost of roughly $3 million per year. Supporters would argue LP&L is back in the black and it's time for the utility to pitch in its fair share. The money in question might be enough to give city employees a pay raise.
But other council members remember how LP&L went nearly bankrupt less than 10 years ago because it was made to turn over too much money year-after-year to the city council. Two spikes in natural gas prices contributed to LP&L's woes but officials in 2003 were very clear that the underlying cause was a lack of financial discipline and oversight.
Over the course of 9 years, LP&L went from more than $30 million in the bank to $18 million in the red, creating a crisis that required layoffs and severe cutbacks to the city budget. A year later in 2004 Lubbock voters overwhelmingly approved changes to the city charter to protect LP&L from a repeat.
KCBD NewsChannel 11 has made an open records request (copied below) to get more perspective on just what's at stake.
We'll also be there after Thursday's meeting to get follow up.
Please accept this email as an open records request for one or more documents that would reflect the following information about the amount of money or value of in-kind value services provided to the city, its general fund, or any enterprise fund of the city by Lubbock Power & Light from fiscal year 1999/2000 to the present fiscal year to include but not necessarily be limited to:
Since the current fiscal year is not yet completed I would accept budgeted or estimated amounts. I'm not looking for itemized receipts but rather a total dollar figure which would act as a yearly summary for each category listed herein.
You can reach me via this email or by cell phone at 438-XXXX.
Executive Producer KCBD
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