| GP&L Decreases Fuel Cost Factor For The Second Time This Year
GARLAND, Texas, April 18, 2006 - Effective May 1, 2006, the Garland City Council has approved another decrease in the fuel cost factor component of the rate for electric service provided by Garland Power & Light (GP&L). This adjustment reflects stabilization in the market price for natural gas. The new fuel cost factor will lower an electric bill for 1000 kWh by 6% or $8.00.
GP&L, a municipal utility which has not opted into deregulation, can act much more quickly to changes in the natural gas market. This is the second decrease in the fuel cost factor this year. The first one took effect March 1.
The cost for electric service provided by GP&L continues to be the lowest as compared to offers listed for the TXU Electric Delivery service territory on the Texas Electric Choice website. Comparing electric usage of 1000 kWh, GP&L customers will pay $121.42, while TXU price-to-beat customers pay $144.11.
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