Garland Power and Light Press Release:

GP&L Customers to Pay Less for Electricity

Just in time for the hot summer months, GP&L announces that customers will pay less for their electricity. Beginning June 1, the Recovery Adjustment Factor (RAF) component of the rate for electric service will go down a penny, from $0.0644 to $0.0544 per kWh. The average GP&L customer uses 1,550 kWh during the summer months. At this usage, the electric bill will decline from $192.12 to $176.62.
 
The RAF component of the rate allows for the recovery of the electric system’s total revenue requirements not recovered under the Customer Charge and Energy Charge. This decrease in the RAF has been made possible by sustained lower market prices for the natural gas used to generate power and new procedures at GP&L which have reduced operating costs.
 
"I am excited that we are able to lower the cost of electric service for our customers," said Electric Utility Director Ray Schwertner. "I’m especially pleased that we are able to implement this decrease as the summer cooling [air conditioning] season begins!"

 
GP&L customers cover 85% of the city. The remainder are served by Oncor and numerous retail electric providers. GP&L has had a number of successes in the last year: settlement of numerous lawsuits within the TMPA sisterhood of member cities and a judge's decree that GP&L was improperly blocked from participating in the construction of transmission lines from West Texas. I doubt there has ever been a period when GP&L faced more challenges and I doubt that GP&L has ever been more professionally managed and operated. I know that is a big statement because genuine giants have walked the halls of GP&L. Still, operating an electric utility today involves steering through electric markets, speculating in fuels, adapting to the December launch of the nodal market in Texas, working with the Public Utility Commission and Legislature, and a hundred other activities that have little to do with the actual physical activity of delivering power to our customers.
 
Mr Schwertner's stewardship, his management team, and all the other GP&L employees that dedicate themselves to serving the GP&L ratepayers have made this a banner year. How does it get better? They announce a rate cut. After all, that's what all the work has been for. My appreciation to GP&L for a job measurably very well done!