Stakeholders reported during yesterday's Texas PUC open meeting that Lubbock Power & Light and Southwestern Public Service have reached an agreement in principle to settle issues on the SPP-side of LP&L's sought transition to ERCOT from SPP.

Substance of the agreement in principle were not specifically discussed, though the agreement would include certain payments, presumably to SPS

While the agreement must still be finalized, all parties have indicated general support for the agreement, save for one issue to be left for litigation

Along with prior agreements addressing issues on the ERCOT-side of the transition, the new SPP-side agreement-in-principle would mean that all issues in the case would be settled, except for an issue concerning the entity that will ultimately build certain new transition construction.

As previously reported, LP&L has adopted a resolution which expresses an "intent" to provide retail electric customer choice to the 470 MW of load at Lubbock Power & Light which the utility is seeking to have transitioned to ERCOT from SPP. LP&L is conducting a further study on implementing choice.

Tags:
Texas   Deregulation   Electric Choice   LP&L   Lubbock Power & Light  

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