New SWEPCO Arkansas Rates
The Arkansas Public Service Commission (APSC) approved a base rate increase for SWEPCO.
The base rate increase reflects investments in reliability and resiliency improvements in the power grid and cleaner power generation, including the construction and purchase of three wind facilities at the North Central Energy Facilities (NCEF) in Oklahoma. The NCEF provides Arkansas customers 268 megawatts (MW) of SWEPCO’s 809 MW.
On July 23, 2021, SWEPCO submitted a request to the Arkansas Public Service Commission (APSC) to update our rates. We sought to recover environmental and resiliency costs associated with providing customers cleaner and more reliable energy.
The request included recent investments in transmission and distribution facilities. It reflected costs to operate and maintain equipment that delivers power to you. It established 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 that includes three wind facilities. 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) approved the project in May 2020. The first wind facility began commercial operation in 2021 with the last and largest facility beginning operation in March 2022.
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.