Lubbock Utility Keeps Full Transmission Revenue | Lubbock News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85634a0a01ffe809