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The latest happenings in your city government.


LAKELAND ELECTRIC FUEL DECREASE EFFECTIVE JULY 2016

LAKELAND, FL (June 6, 2016) - The Lakeland City Commission voted to decrease the fuel charge for Lakeland Electric customers $2.75 per 1,000 kWh effective for meters read on or after July 1, 2016.  The new fuel charge will be $34.25 per 1,000 kWh. After listening to a presentation at the Monday, June 6th Utility Committee meeting, staff recommended a decrease to the current fuel charge based on fuel forecasts in both the natural gas and coal markets.  With the fuel decrease, Lakeland Electric will have the lowest residential utility rates in the state based on the average use per household calculated at 1,200 kWh per month.

RESIDENTIAL RATES BASED ON 1,000 kWh 

Current                    New Rates – Effective April  1, 2016

Base Charge            $  63.02                     $  63.02 (includes environmental charges)

Fuel Charge             $  37.00                     $  34.25 (includes fuel decrease)

TOTAL:                      $100.02                     $ 97.27

 

Base Rate

Customer Charge    $  9.50/month

Energy & Smart charges   $50.99/1000 kWh

Environmental Charge      $  2.53/1000 kWh           

Total Base Charge         $63.02/ 1000 kWh


The Lakeland City Commission voted to decrease the fuel charge for Lakeland Electric customers $3.35 per 1,000 kWh effective for meters read on or after April 1, 2016.  The new fuel charge will be $37.00 per 1,000 kWh. After listening to a presentation at the Monday, March 7th Utility Committee meeting, staff recommended a decrease to the current fuel charge based on fuel forecasts in both the natural gas and coal markets. 

RESIDENTIAL RATES BASED ON 1,000 kWh

Current                    New Rates – Effective April  1, 2016

Base Charge            $  63.02         $  63.02 (includes environmental charges)

Fuel Charge             $  40.35        $  37.00 (includes fuel decrease)

TOTAL:                      $103.37         $100.02

 

Base Rate

Customer Charge               

$  9.50

Energy & Smart charges   

$50.99/1000 kWh

Environmental Charge         

$  2.53/1000 kWh           

         Total Base Charge         

$63.02/ 1000 kWh 

The base rate includes environmental compliance charges that are directly related to federal and state initiatives regarding clean air and water mandates. Most of the expenses are related to energy production and include air emission controls, water quality monitoring and capital spending for equipment necessary to comply with the Environmental Protection Agency’s Clean Air Act. 

Lakeland Electric bills are broken out for customer convenience in detail to show the base charge, fuel charge and appropriate taxes and service charges.  The fuel charge on a utility bill is exactly that, the actual costs for fuel used to generate the amount of electricity used within your residence.  Most utilities subscribe to the same billing practice and break out the base rate and the fuel charge for their customers. There is no mark-up in fuel.  In fact, fuel is a straight pass-through charge to customers. 

Based on Florida Municipal Electric Association data, Lakeland Electric’s residential rates after the April 2016 fuel charge decrease will continue to be one of the lowest in the state. Visit www.lakelandelectric.com for more information on Lakeland Electric services and visit www.publicpower.com to see residential rate comparisons.


Public Meeting to discuss My Lakeland Electric Transmission Line Replacement Project - Edgewood Drive to Glendale Street

View Project Overview

Lakeland Electric will be replacing utility poles along three roads in three phases.


Phase One will start at the substation on Glendale Street to New Jersey Road. 

Phase Two will continue on New Jersey Road from Glendale
Street to Edgewood Drive. Phase One and Two construction should be completed between March 2016 to May 2016.

Phase Three will start on Edgewood Drive from South Florida Avenue to New Jersey Road to accommodate the school schedule at Cleveland Court Elementary School. Phase Three construction should be completed between June 2016 to December 2016.

Lakeland Electric will be replacing wood utility poles with steel poles. Wood poles typically have a life expectancy of 30 years. These poles were installed in 1969. Replacing wood poles with steel poles will:

Improve strength of poles, protecting against damage due to future severe storms

Allow the use of larger wires to increase the flow of electricity

Improve reliability

The project requires heavy equipment. Traffic control is required to ensure the public’s and work crew’s safety. During the project, there will be lane and road closures which will cause some detours. Residents and business owners along the detour routes will be allowed to access their homes/businesses during the closures. Message boards and temporary road signs will be used to help inform the public.

If you have questions regarding the project, please contact Dale Tanner at 863.834.6462 or by email at dale.tanner@lakelandelectric.com


LAKELAND ELECTRIC RATINGS AFFIRMED

 

Lakeland, Florida, January 15, 2016 — Fitch Ratings, Moody’s, and Standard & Poor's Ratings Services have assigned long-term ratings of AA-, Aa3, and AA, respectively, to Lakeland Electric’s 2016 energy system bonds. At the same time, all three rating services also affirmed the same ratings on the utility's existing debt. The outlook for Lakeland Electric is stable.

Lakeland Electric fared well due to many factors, including its competitive rates - which are among the lowest in Florida - and a dependable low-cost power supply provided by the utility’s own gas- and coal-fired power plants.

“We consistently have some of the most competitive electric rates in the state,” said    Joel Ivy, General Manager of Lakeland Electric. “Thanks to our strong energy production fleet, like McIntosh 5 and 3, and our ability to diversify how we produce or procure power, we are positioned well for the future and for our customers.”

For more information on the individual rating services reports, please click here or visit our website at www.LakelandElectric.com and click on the Ratings Banner at the top of the home page.

 

For more information:

Cindy Clemmons

Lakeland Electric

863-834-6595

cindy.clemmons@lakelandelectric.com