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Council authorizes Lubbock Power & Light to engage Latham & Watkins for generation-asset sale work
Summary
City Council approved a resolution authorizing Lubbock Power & Light to engage the law firm Latham & Watkins LLP to provide legal services related to negotiations for sale of power generation assets; LPNL staff said the utility exited generation in 2003 and continues efforts to divest remaining assets.
The City Council on Sept. 23 approved a resolution authorizing Lubbock Power & Light (LP&L) to enter an engagement agreement with Latham & Watkins LLP for legal services related to negotiations on power‑generation asset sales.
Joel Ivey, chief administrative officer for LP&L, told the council the utility exited active generation in October 2003 and has been seeking…
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