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LP&L tells Electric Utility Board it’s prepared for transition to ERCOT, summer rate increase LP&L tells Electric Utility Board it’s prepared for transition to ERCOT, summer rate increase By Kase Wilbanks | May 18, 2021 at 6:13 PM CDT - Updated May 18 at 7:40 PM LUBBOCK, Texas (KCBD) - Lubbock Power & Light advised the city’s Electric Utility Board (EUB) Tuesday on a “major undertaking,” the migration of most of its customers to the ERCOT grid Memorial Day Weekend and an expected rate increase this summer, which officials say isn’t caused by that transition....

What to expect during LP&L transition to ERCOT LP&L to join ERCOT in less than a month By Blair Sabol | May 4, 2021 at 11:31 PM CDT - Updated May 4 at 11:31 PM LUBBOCK, Texas (KCBD) - There is less than a month left before Lubbock Power and Light joins the ERCOT grid. Only 70 percent or about 83,000 customers will be part of the initial switch that will take place Memorial Day Weekend. LP&L Mackenzie Substation (Source: KCBD NewsChannel 11) The other 30 percent will remain on the current grid, the Southwest Power Pool. Despite this, LP&L spokesman Matt Rose says customers should not no...

LP&L confirms customer rates not subject to short-term fluctuations Electric utility responds to customer concerns over weather-related electric billing impacts LP&L (Source: LP&L) By KCBD Staff | February 22, 2021 at 4:07 PM CST - Updated February 22 at 4:07 PM LUBBOCK, Texas (NEWS RELEASE) - Lubbock Power & Light (LP&L) is aware of statewide media reports regarding unusually high electric bills due to the winter storm.  Due to how LP&L rates are structured and approved by the Lubbock City Council, LP&L customers are not subject to the short-term fluctuations in electric rates refere...

22 February 2021 | 09:18am StockMarketWire.com - Platinum group metals producer Sylvania Platinum posted a 70% rise in first-half profit and upped its dividend after it benefited from higher metal prices. Net profit for the six months through December increased to $40.5 million, up from $23.9 million year-on-year, as revenue jumped 44% to $85.2 million. The company achieved an average gross platinum group metal basket price of $3,184 an ounce, up from $1,830 in 2019. It declared a final dividend of 1.6p per share, up from 0.78p year-on-year, plus an additional windfall dividend of 3.75p. 'The...

The decision to pursue integration in ERCOT was made due to benefits the ERCOT market could provide to our customers that could not be achieved if we were to remain in the Southwest Power Pool.