City Council to revisit LP&L and TTU purchase power agreement - KCBD NewsChannel 11 Lubbock

City Council to revisit LP&L and TTU purchase power agreement

LUBBOCK, TX (KCBD) -

Tonight the Lubbock City Council will revisit the topic of a purchase power agreement between LP&L and Texas Tech University.

The hot button issue was put on hold during last week's session.

As part of the agreement LP&L would pay Texas Tech $125,000 a year over the next 6 years with a 5% increase each year. In exchange for the money, LP&L would be able to advertise at Texas Tech with signage at sporting events and on campus as well as radio mentions.

The agreement is controversial because some question whether LP&L needs to advertise since they are a monopoly.

"I would much rather do some further negotiations with Tech and try to find a solution that makes everybody happy, keeps tech as a customer, and, yet, keeps LP&L from having to advertise," Mayor Glen Robertson said.

Because Texas Tech is a state supported university, they do have the option to use other electric providers.

Those in favor of the agreement say this is a business deal that aids in the relationship between LP&L and Texas Tech, as Tech is LP&L's largest customer.

Copyright 2013 KCBD. All rights reserved.

 

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