Get ready to see another increase on your electric bill.
Most Xcel and Lubbock Power and Light residential customers will see a monthly increase of about $5 for the next 12 months starting April 1.
This comes after the Public Utilities Commission of Texas approved a fuel cost adjustment Wednesday. Both electric companies stress this is not a rate increase. And they are not profiting from this increase. Rather, they say, they are making up for losses due to increased fuel costs.
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