LCEC – Lee County Electric Cooperative

LCEC – City of Cape Coral Franchise Agreement Update

As a not-for-profit electric cooperative providing an essential service, LCEC has a responsibility to keep the principles of sound financial management on the forefront of everything we do. This allows us to provide the best possible electric service at the lowest possible cost.

LCEC has given the City of Cape Coral notice that among other terms, the purchase option in our now-expired franchise agreement will terminate as of May 15, 2017. As an electric cooperative with poles and wires located in City rights-of-way, we will continue to collect and remit franchise fees to the City of Cape Coral even though our agreement expired on October 1, 2016. This will have no impact on the LCEC mission to deliver safe, reliable and low-cost electric service customers have come to expect.

LCEC is a not-for-profit electric cooperative, and it is important that the franchise agreement issue not impact our members indefinitely. We remain hopeful that upon final resolution of the City’s complaint to the Florida Public Service Commission that we can quickly work toward a new franchise agreement that protects the interests of our members and the citizens of Cape Coral.