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LP&L To Pay $24 Million To SPS Under Agreement To Join ERCOT

February 07,2018



The Utility Board governing the Lubbock Power & Light has approved terms of various stipulations with stakeholders that would approve its petition before the Texas PUC to join ERCOT.

The terms of a stipulation on the SPP-side of the proceeding had not previously been disclosed. According to EverythingLubbock.com, LP&L has agreed to pay $24 million to Southwestern Public Service (Xcel Energy) as part of the transition.

As previously reported, LP&L has stated an intent to introduce retail electric choice for the load moved to ERCOT, and is conducting a further study on whether to ultimately introduce such choice

See EverythingLubbock.com for more



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

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