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Cape Coral Electric Services Update

Cape Coral Electric Services

The City of Cape Coral is considering options for electric service for the citizens of Cape Coral.  The City's 30-year franchise agreement expires at the end of September 2016.  This does not mean electric service ends if no agreement can be achieved.  There would be a "status quo" operation in place.

First and foremost, the City wants to ensure Cape Coral customers are paying reasonable rates, and not being overcharged or subsidizing other service entities in LCEC's territory.   Read the PSC filing to see why this is a concern for the City.   

Information Articles from 'On The Move"
As we determine facts and information related to electric service, the City will provide this information to our citizens via our quarterly community newsletter.  Here are the specific articles published in the recent issues of "On The Move."

Spring 2015
City Pursuing Options for Electric Service
City's 30-year franchise agreement with LCEC expires in September 2016; City evaluating all options for electric service including municipal electric utility.

Summer 2015
Cape Evaluating Pros and Cons of Electric Service
City continues to request important financial information from LCEC to complete due diligence for Cape Coral customers.

Fall 2015
Citizens Want Best Electric Services
Citizen Survey showed wide support for variety of service enhancements.

Fall 2015
LCEC Stalls City's LED Streetlight Demonstration Project
City asked for side-by-side display on energy-saving options that could save $1 million annually in lighting costs.
UPDATE:  LCEC eventually set up the display after news stories focused on the issue.  
UPDATE #2:  Unfortunately, LCEC has decided to keep all of the energy savings from LED conversion and will continue to charge their existing higher electric rates to the City (aka taxpayers).  

Winter 2015
Electric Services is $10 Billion Decision
Cape Coral customers currently provide about $200 million annually in revenue to LCEC; Using practical assumptions, another 30-year contract could approach $10 billion.

Spring 2016
Your Equity Account Balance is Available from LCEC
LCEC continues to collect and hold more than $340 million in "member" equity; however, active customers will only receive about 10% of their equity balance (as small equity disbursements) while being served by LCEC.  LCEC keeps about 90% of what they overcharge their customers for electric service.  Read this article to find out how to get your equity balance from LCEC and see how much of your money they are holding.  

Summer 2016 
Cape Customers Pay Millions More for Electric Service than FPL Customers
LCEC's higher rates have cost average LCEC customer about $1,500 over past seven years.  Cape Coral customers have paid about $213 million over these past seven years.


Q&As and Other Information

LCEC Proposed Franchise Agreement

City of Cape Coral's Proposed Franchise Agreement

City of Cape Coral's Proposed Franchise Agreement Executive Summary

Cape Coral's Petition to Public Service Commission