City Council approves LP&L rate hike - KCBD NewsChannel 11 Lubbock

City Council approves LP&L rate hike

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Citizens that use Lubbock Power and Light are about to see their electricity bill go up.

On Thursday the Lubbock City Council approved a 9.7% rate increase for LP&L in a 6-1 vote.

That's about $7 to $10 more per month for the average customer.

The increase will go into effect on June 1.

This is the first time the company has raised its rates in around 4 years.

LP&L says the rate hike is needed to keep it from operating at a deficit.

Mayor Glen Robertson was the lone "no" vote on Thursday. He wanted to wait and implement the increase On Oct. 1.

The other council members said they did not like the rate hike, but felt they had no choice because they don't want to jeopardize LP&L's bond rating, especially when they are looking at possibly borrowing hundreds of millions of dollars to build a new power plant by 2019.

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