The REVISED history of electric competition in Lubbock

Michael Giberson At the time of the initial announcement that Lubbock Power & Light would acquire the distribution assets of competing electric utility Xcel within the city, leaving LP&L as a monopolist, I took note of several inconvenient statements about the benefits of competition included in official LP&L history.  (See “The (soon to be revised)… More The REVISED history of electric competition in Lubbock

How valuable will a monopoly be to Lubbock Power & Light?

Michael Giberson After over 90 years of operating in competition with a rival electric utility in town, late last year Lubbock Power & Light and Xcel announced a deal in which municipal electric utility LP&L would buy out Xcel’s distribution assets and customer accounts in the city for $87 million, leaving LP&L as a monopoly… More How valuable will a monopoly be to Lubbock Power & Light?