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AI# 14366
Regular City Council Meeting
5.17.
06/23/2026:
Information
Agenda Item
Resolution - Lubbock Power & Light:
Consider a resolution authorizing the Mayor to execute a Purchase and Sale Agreement, with Adakon Energy, for the Ty Cooke Gas Generating Facility.
Item Summary
The Ty Cooke Gas Generating Facility, de-energized and decommissioned, was offered for Request for Proposal (RFP) 7107-25-EUA - Sale of Land and Assets Located at the Ty Cooke Station.
A sole offeror, Adakon Energy, responded with an offer in the amount of $9.25 million. Staff negotiated the terms of the sale of this generation asset.
Fiscal Impact
This transaction will be recognized in Electric Fund (211) from the sale of the asset.
Staff/Board Recommending
Joel Ivy, Chief Administrative Officer of LP&L
Electric Utility Board
Attachments
Adakon Resolution CC
Adakon Resolution EUB Executed 6.16.2026
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