LP&L now automatically returning deposits, moving closer to joining ERCOT
Lubbock leaders took another step Tuesday to joining the Electric Reliability Council of Texas grid and some power customers are a step closer to more easily getting money back from their municipal utility.
The Electric Utility Board and the Lubbock City Council approved official resolutions directing Lubbock Power & Light to begin its studies on migrating toward ERCOT’s grid by mid-2019.
Attorney Richard Casner told the board it’s basically a formal approval, allowing LP&L and the Public Utility Commission to move forward.
“It gives the director of electric utilities authority to do whatever is necessary, prepare whatever studies or take whatever actions are necessary to move (LP&L) into the ERCOT system,” Chairman Greg Taylor said. “It was a formal resolution we had to take action on today.”
The Electric Utility Board also approved changing the way Lubbock Power & Light returns deposits to customers, now automatically returning the deposits to good-standing customers.