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Lubbock Utility Keeps Full Transmission Revenue | Lubbock News
Description
Lubbock Power and Light is finally reaping the full benefits of joining the ERCOT grid, ending a five-year arrangement where they gave up $22 million annually—$110 million total—to ease the transition for Texas ratepayers. Starting January 2027, LP&L will keep all transmission revenue, which they plan to reinvest $47 million yearly into city infrastructure, including a new west-side transmission line to support growth and reliability. With smarter, self-funded upgrades and no rate hikes expected, Lubbock’s move could set a model for cost control in a state where energy prices are soaring.
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