Due to a combination of factors the Lower Colorado River Authority (LCRA) did implement a half-cent increase per kilowatt-hour to its customers on Oct.25, 2008. LCRA gave a credit of $6million to PEC who uses LCRA as its wholesale provider. Therefore PEC was able to use the LCRA credit to defer passing on an increase to its customers. The LCRA gave PEC a refund after determining it had additional revenue after meeting its debt service coverage goal.
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