Where does LCEC get the funds to operate the electric system?

(June 7, 2016) — LCEC operates as a non-profit electric distribution cooperative. Cooperatives are not financed by investors and have no taxing authority. So have you ever wondered how LCEC finances its long-term investment in the electric system? After all, maintaining a reliable electric grid in Cape Coral and across Southwest Florida requires continual maintenance and capital improvements. One of …

Contribution in Aid of Construction Changes

On May 19, 2016, the LCEC Board of Trustees approved several changes to the LCEC Contribution-in-Aid-of-Construction (CIAC) policy. The policy defines how charges for the installation and extension of electric infrastructure to serve new development are implemented when projected revenues are less than costs. Several customers, including the City of Cape Coral, provided feedback about LCEC’s policy leading LCEC staff …

Franchise agreement vs. service territory agreement

There is often confusion about what a franchise agreement is, and what it is not. So let’s set the record straight: A franchise agreement is a contract between the local government and a utility. It provides the utility with the right to use the government’s public rights of ways for utility equipment and infrastructure. At times, the city or county …

What Has LCEC Done for Me Lately?

May 19, 2016 — LCEC is proud of its efforts to maintain competitive electric rates, which are among the lowest in Florida. Four rate decreases over the past few years have resulted in the lowest rates for any electric cooperative in Florida. In addition to seven years without a rate increase, LCEC has been diligent in exploring industry best practices …