Could Lubbock Power and Light soon be sporting a sign that reads 'under new management'?
80 years ago, Lubbock Power and Light was commissioned and created by city leaders for two reasons: first, to generate revenue for the city of Lubbock and second, to provide taxpayers with competitive electric rates.
Recent audits and an independent analysis have uncovered a slew of mismanagement issues at LP&L. Issues that sparked resignations at the highest level of the Lubbock-owned utility. As we've reported, in recent years some have argued that city leaders have lost sight of its original vision, which is why a change is being proposed.
In five days, the Lubbock City Council will discuss a new city ordinance that would essentially separate LP&L from city government. Designed to bring your electric rates down, this proposal would create a new board of trustees chosen by the city council. The board would have sole power to decide on electric rates for Lubbock customers. In addition, the ordinance would take decision-making power regarding LP&L's money away from city hall.
The man spearheading this idea, Lubbock City Councilman Gary Boren joined NC11 to discuss how is this structure differs from what we have now. To watch this live interview click on the Featured Video link on the right.