[Last Updated: 1/4/2012 11:48:04 AM]
For Immediate Release
September 28, 2011
Contact: Ed Rice, Executive Director, Traverse City Light & Power
Phone: (231) 932-4559 or E-mail: firstname.lastname@example.org
L&P Contributing $1.5 Million to the City of Traverse City
(Traverse City, Michigan) — Traverse City Light & Power (L&P) will kick-off its Public Power Week activities by presenting a check on behalf of the utility to the City of Traverse City in the amount of $1,520,399 at the City Commission’s October 3 meeting.
The check represents 5% of L&P’s gross revenues received during the fiscal year of July 1, 2010 to June 30, 2011 and will be applied to the City’s general fund. The L&P contribution helps to decrease the tax burden on citizens by providing additional funding for the operating budgets for all city departments, such as police, fire, streets and parks and recreation. Since 1991 L&P has provided $21,085,796 in additional funding to the City.
“Light and Power strives to provide its customers with safe, reliable and reasonable priced electric service,” said Ed Rice, L&P executive director. “The presentation of the check is just another example of Light and Power’s continuing contributions to our community.”
The check will be presented to the City of Traverse City by L&P’s Board Chair Mike Coco. Commissioner Mary Ann Moore will also read a proclamation explaining the many benefits of having public power in our community. The meeting will start at 7:00 p.m. at the Governmental Center’s second floor Commission Chambers.
L&P will conclude its Public Power Week celebration with its 3rd Annual Energy Smart Open House. Nearly 1,000 community members took part last year and enjoyed safety demonstrations, solar energy popcorn and energy conservation tips.
L&P is one of over 2,000 municipally-owned electric utilities nation-wide that provide electric services on a locally-owned, not-for-profit basis.
Traverse City Light & Power (www.tclp.org) is a community-owned, community-focused municipal utility that offers reliable energy at competitive rates in the region to over 11,000 customers in Traverse City, and parts of Blair, East Bay, Elmwood, Garfield, Peninsula and Paradise townships.