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AI# 12033  Regular City Council Meeting 6.7. 10/24/2023:

Information

Agenda Item

Resolution - Lubbock Power & Light: Consider a resolution regarding the process which will be followed for assigning customers to the entities previously selected to serve as the Default Retail Electric Providers (DREP) in Lubbock Power & Light's (LP&L) certificated area upon LP&L’s entry into retail competition.

Item Summary

In February of 2022, the Electric Utility Board of the City of Lubbock and the City Council of the City of Lubbock, at their respective meetings, adopted irrevocable resolutions to participate in customer choice for the customers of Lubbock Power & Lighht (LP&L).  This set LP&L on the path to bring competition back to its customers.   After the commencement of retail electric competition, LP&L will no longer supply electricity to its customers, therefore customers will be required to select a Retail Electric Provider (REP) to supply their electricity.  For those customers who do not select a REP, a default REP will need to be assigned to them.    Earlier this year, LP&L completed the Request for Proposal (RFP) process to select Retail Electric Providers who are established and reputable in the ERCOT market to serve as the Default Electric Providers (DREPs).  These DREPs will serve the customers who do not voluntarily select a Retail Electric Provider.

Fiscal Impact

The assignment of Default Electric Providers has no fiscal impact to City Budgets.

Staff/Board Recommending

Joel Ivy, Director of Electric Utilities Electric Utility Board

Attachments Resolution - CC Resolution - EUB

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