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AI# 11892  Regular City Council Meeting 5.46. 09/12/2023:

Information

Agenda Item

Resolution - Lubbock Power & Light: Consider a resolution adopting the Electric Rate/Tariff Schedule of Lubbock Power & Light, the City of Lubbock's municipally owned electric utility, applicable to all rate classes, effective October 1, 2023.

Item Summary

A clean copy of the Tariff, along with a red-lined copy of the Tariff, is provided for back up. The attached Tariff does not include a rate increase for any rate class. The material changes in the Tariff for Council consideration are summarized as follows:   I.  Statement of Purpose: Added language to clarify that the current Tariff is effective October 1, 2023, and will be applicable to all Customers prior to LP&L’s transition to retail competition. Once the Customer has transitioned to retail competition, LP&L’s Delivery Service Tariff shall apply. II. Agreed Payment Arrangement, Section III-12e: Updated agreed payment arrangement language for clarity and conciseness disclosing that no agreements will be extended beyond the first date that LP&L customers enter retail competition. III. Budget Billing – Section removed for rate classes 1, 3, and 5: Removed budget billing section as the budget billing program was phased out in FY 2022-23. VI. Guard Light and Flood Lights: The Guard Light and Flood light services have been removed due to the transition to retail choice.

Fiscal Impact

The attached Tariff does not include a rate increase for any rate class.

Staff/Board Recommending

Joel Ivy, Executive Director of Electric Utilities Electric Utility Board

Attachments Resolution - CC FY 2023-24 Tariff (Clean) FY 2023-24 Tariff (Redline) LPL Resolution - Executed

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