Cape Coral’s 30-year LCEC contract expires

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CAPE CORAL, Fla. – Negotiations between the city and Lee County Electric Cooperative have ceased after the two parties failed to come to an agreement at the end of a 30-year contract term.

Cape Coral dished out $50,000 to a professional negotiator in the fight, but the electric company has refused to consider lowering customers’ rates. Cape Coral residents, who make up a near majority of LCEC’s customers, could see the city run its own electrical utilities facility if Cape Coral purchases LCEC’s assets.

But many residents doubt the city could manage a power plant and want the city to settle its differences with the company.

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