SHREVEPORT, La. (March 21, 2022) – The 998-megawatt Traverse Wind Energy Center, the largest single wind farm built at one time in North America, is now providing clean energy to Southwestern Electric Power Co. customers in Louisiana and Arkansas.
Traverse is the third and final wind project in the North Central Energy Facilities (NCEF) in Oklahoma that will provide 1,484 MW of clean energy – enough to power 440,000 homes. SWEPCO owns 54.5%, or approximately 809 MW, of the NCEF project. These wind facilities are expected to save SWEPCO customers an estimated $2 billion in electricity costs over the next 30 years.
“We are excited to have the final piece of the North Central Energy Facilities project in place to bring even more clean and affordable energy to customers in Arkansas and Louisiana,” said Malcolm Smoak, SWEPCO president and chief operating officer. “This wind energy helps customers meet their own renewable energy and sustainability goals and makes the communities we serve in Louisiana and Arkansas more competitive for economic development.
“Over the next 20 years, SWEPCO’s diverse energy resource mix will include significantly more wind and solar,” Smoak said. “This transition puts us further along the path to achieve AEP’s goal of net zero carbon dioxide emissions by 2050.”
In addition to Traverse, the NCEF project includes the 199-MW Sundance wind farm, which began commercial operation in April 2021, and the 287-MW Maverick wind farm, which began commercial operation in September 2021.
NCEF was developed by Invenergy. SWEPCO and PSO are American Electric Power (Nasdaq: AEP) companies. SWEPCO’s investment in the total project is approximately $1.01 billion.
The Traverse facility, which spans Blaine and Custer counties in north central Oklahoma, includes 356 GE Renewable Energy wind turbines. It is connected to the regional transmission grid that serves SWEPCO and PSO customers. SWEPCO will receive approximately 809 MW from the NCEF project with approximately 464 MW for Louisiana, 268 MW for Arkansas and 78 MW for wholesale customers
SWEPCO announced in early February plans to add 72.5 MW of solar energy through a power purchase agreement with the proposed Rocking R Solar project in Northwest Louisiana. In the second quarter of 2022, SWEPCO expects to file for regulatory approvals of additional clean energy resources.
In addition to the renewable energy serving all Louisiana and Arkansas customers, customers will also have the option to purchase Renewable Energy Credits (RECs) through the SWEPCO Renewable Energy Choice program. Proceeds from the REC sales flow back into fuel cost savings for the benefit of all Louisiana and Arkansas customers.
SWEPCO’s diverse energy resource mix also includes 469 MW of wind energy under power purchase agreements with facilities in Texas, Oklahoma and Kansas.
About Southwestern Electric Power Co. (SWEPCO)
SWEPCO, an American Electric Power (Nasdaq: AEP) company, serves more than 543,000 customers in Northwest and Central Louisiana, Northeast Texas and the Texas Panhandle, and Western Arkansas. SWEPCO’s headquarters are in Shreveport, La. News releases and other information about SWEPCO can be found at SWEPCO.com. Connect with us at Facebook.com/SWEPCO, Twitter.com/SWEPCOnews, Instagram.com/swepco, Youtube.com/SWEPCOtv and LinkedIn.com/company/swepco.
About American Electric Power (AEP)
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP’s approximately 16,700 employees operate and maintain the nation’s largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 7,100 megawatts of renewable energy. The company’s plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to achieve an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieve net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.