Energy Business Review
Anonymous User | Login

LP&L To Purchase Xcel Energy's Electricity Distribution System

Published: 04-Nov-2009

Lubbock Power & Light (LP&L) and Xcel Energy have reached a mutually beneficial agreement that will allow LP&L to purchase Xcel Energy's electricity distribution system within the City of Lubbock, Texas, and to serve all of Xcel Energy's Lubbock retail electric customers.

Since 1942, Lubbock has been served by both companies, resulting in duplication of electric power services, lines, poles and substations.

David Eves, president and CEO of Southwestern Public Service, an Xcel Energy company, said: "The duplication of retail electric service in Lubbock has not been efficient, and we believe we can best serve Lubbock and our other Texas retail customers by only providing the low-cost wholesale electricity to LP&L. Xcel Energy customers in Lubbock will be served by LP&L, but Xcel Energy will continue to supply the wholesale power and transmission services."

Xcel Energy has received approval from the Xcel Energy Board of Directors to proceed with the sale of these assets, and the company is expected to gain regulatory approvals within the next nine months. LP&L will be seeking approval from the LP&L Electric Utility Board and the Lubbock City Council.

Mail sent successfully

Tell your friend about this article


Please enter a valid email address

Please enter your name

Please enter the mail body


Your Name: *
Your Email: *
Friend's Email: *
Email Body: *
 

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Burges Salmon

Law Firm ...

Rogers Corporation

Power Distribution Systems ...

Siemens

Products and Services for Power Distribution ...

Eta-com

Busway Systems ...

Thales

Integrated Security, Safety, Communications and Control Solutions ...

Sage Construction

Oilfield Services Software Solutions ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

2.5MW Wind Turbine

The latest evolution of GE Energy’s wind turbine technology, the 2.5xl wind turbine, is pl ...

Hardcore® Technology Drilling Solutions for the Heat Exchanger Industry

ATI Stellram develops and produces high-performance metal cutting tools for difficult-to-m ...

Increasing Cost-Efficiency of Substation Automation Systems by Centralised Protection Functions

New legislative and customer-oriented requirements pose challenges to substation automatio ...

Applying Modern Communication Technology to Loss-of-Mains Protection

The protection of distribution networks is facing new challenges from an increasing amount ...

Impacts of Quality Improvement Incentives on Automation Investments in the Finnish New Regulation Model

During the second regulatory period of 2008-2011 incentives are included into the Finnish ...

Utilising the Possibilities of IEC 61850 and GOOSE

This document describes the utilisation of some new features offered by IEC 61850, Communi ...

Related Companies

No items to display

Suppliers Product News

Infrastructure Planning Commission and National Policy Statements

On 10 November 2009 Ed Miliband released the first six National Policy Statements on Energy, which are designed to guide the decision making process of the Infrastructure Planning Commission established under the Planning Act 2008.

Burges Salmon Receives Top Billing in New Chambers Guide

In the new Chambers guide to legal services, our Environment law team is ranked No 1 for London and UK wide and the South West, our Projects Energy – Renewables and alternative energy team is at Band 4, and our Planning law team is ranked as Band 1 for the South West.

Feed-In Tariffs Finally On Their Way

Using powers in the 2008 Energy Act, the Government is about to introduce a new incentive scheme in April 2010 to encourage the greater deployment of small-scale renewable electricity.

Biomass and Sustainability Standards

The introduction of banding in the Renewables Obligation from April 2009 has created huge interest in the biomass power sector.

Carbon Capture and Storage

Rapid progress has been achieved in addressing many of the legal obstacles to deployment of Carbon Capture and Storage, but there are still real practical difficulties in the way of this key technology.

NDA and EDF Land Sales

Information about NDA's asset disposal programme and the sales process undertaken by EDF Energy for two of its sites.

Free Newsletter Sign-up

Sign up, and we will send you a free Energy Report on 'Energy Security Threats & Key Issues for Global Oil & Gas Industry' from GlobalData worth $750

Please enter a valid email address