On July 23, 2021, SWEPCO submitted a request to the Arkansas Public Service Commission (APSC) to update our prices. We seek to recover environmental and resiliency costs associated with providing customers cleaner and more reliable energy.
The $85 million request includes recent investments in transmission and distribution facilities. It reflects costs to operate and maintain equipment that delivers power to you. It establishes new tariffs for electric vehicles, lighting and other measures.
Benefits For You
It's all about keeping the power flowing to homes and businesses across Arkansas and improving your service. The electric grid is the most complex and universally relied-on machine ever built. Technological innovation, security and resiliency are core components of this backbone that powers more than 122,000 homes and businesses in Arkansas.
We have made significant investments in renewable energy, specifically the North Central Energy Facilities (NCEF) project. This project has environmental and economic benefits for you, saving an estimated $2 billion over the next 30 years.
The Arkansas Public Service Commission (APSC) unanimously approved the project in May 2020.
With no fuel cost for wind, the new wind facilities lower our overall fuel cost for power generation, resulting in savings in the fuel portion of your bills. The fuel savings help to offset the cost of the new facilities, resulting in long-term savings to customers.
Regulatory Process at a Glance
SWEPCO last filed for a base rate case in 2019. This review process is regulated by the APSC and examines the costs for the system that delivers power to you - from the electric poles and wires to the substations and associated maintenance. The regulatory review process requires that the APSC render a decision within 10 months of a utility’s filing for a base rate change.
SWEPCO’s application includes a request to increase the company's annual revenue requirement by $85 million to reflect new investments and increased costs. If approved, the total bill for a residential customer using 1,000 kilowatt-hours (kWh) per month would be $122.48, which is an increase of $18.89 per month, or 17%.