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AI# 12827  Regular City Council Meeting 6.7. 09/10/2024:

Information

Agenda Item

Resolution - Lubbock Power and Light: Consider a resolution adopting the Delivery System Electric Rate/Tariff Schedule (Tariff) of Lubbock Power & Light (LP&L), the City of Lubbock's municipally owned electric utility, applicable to all rate classes, effective November 1, 2024.

Item Summary

The Electric Utility Board (EUB) is tasked with approving and recommending the Delivery System Rate Schedule/Discretionary Fees to the City Council for their consideration. The Delivery System Rate Schedule/Discretionary Fees serves as the funding mechanism for Lubbock Power & Light (LP&L) in FY 2024-25 with an effective date of November 1, 2024.

Fiscal Impact

The attached Tariff includes a slight rate decrease for all rate classes.

Staff/Board Recommending

Electric Utility Board

Attachments Resolution - CC Tariff Resolution - EUB

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