Lea County Electric Cooperative LCEC Offers Levelized Budget Payment Plan
R Executive Vice President and General Manager Bobby Ferris Lovington 1300 W. Avenue D • P.O. Drawer 1447 Lovington, NM 88260 575-396-3631 Tatum • 575-398-2233 Plains • 806-456-3322 Toll-Free • 800-510-5232
ising energy prices can adversely affect your monthly energy bills. In addition to following conservation tips, our residential members can utilize Lea County Electric Cooperative’s Levelized Budget Payment Plan (LBPP) program. The program offsets increased energy costs for heating during the winter months and cooling during the summer months with lower consumption months by spreading and leveling electricity consumption into manageable monthly bills. This plan is particularly helpful for anyone on a budget or limited income.
and your actual billing amount is called a balance forward. We will take one-twelfth (1/12) of your balance forward and add or subtract to your twelve (12) month average to calculate your total LBPP monthly amount due. The LBPP is calculated in this manner to keep you from owing Lea County Electric or Lea County Electric owing to you for more power than your budget amount covers. If you have used more electricity than you have paid for by the time you leave or choose to exit the LBPP program, you will be required to pay the amount due. If you have paid for more electricity than you have used, the credit balance will be applied to your current bill or refunded to you.
Website • www.lcecnet.com Twitter @LeaCountyCoopOffice Hours
“Owned By Those We Serve” This institution is an equal opportunity provider and employer. Board of Trustees President John Graham, Lovington, District 1 Vice President Robert Caudle, Lovington, District 1 Secretary-Treasurer Dan Hardin, Lovington, District 4 Charles Garner Seminole, TX, District 7 Travis Glenn Tatum, District 3 C.J. Kinsolving Crossroads, District 6 Randall McCormick Lovington, District 5 Kenny Wallace Lovington, District 1 Jason Swann Plains, TX, District 8
With our LBPP, we calculate your bill by simply averaging the kilowatt-hours you have consumed during the past twelve months applied to current rates. We also use the current month’s fuel adjustment cost in calculating the 12-month average. Since you are paying an average of your monthly consumption each month, you may pay for more or less electricity than you have consumed, as shown by your meter reading. The difference between your LBPP amount
16 August 2020 • enchantment.coop
For more information, please contact one of our Customer Service Representatives today: 575-396-3631 800-510-5232
