SWEPCO Asks for Rate Increase in Texas to Pay for Turk Plant

coal plantIn case you missed this news….

The Southwestern Electric Power Co., a unit of American Electric Power, has submitted to the Public Utility Commission of Texas a request to increase the company’s Texas rates by $75 million, or about 20 percent. $31.6 million will pay for financing costs related to SWEPCO’s power-plant construction program, including the $2.1 billion, 600-megawatt John W. Turk Jr. Power Plant near Texarkana, Arkansas.

If approved, the request, which was filed August 28, 2009, would result in an average increase ranging from $6 to $16 a month for residential customers in Texas.

The coal-fired Turk plant has been opposed by environmental groups and landowners in the vicinity of the facility.

The Arkansas Public Service Commission and the utility have asked the Arkansas Supreme Court to review the reversal of the regulators’ approval of the plant.

The Arkansas Court of Appeals ruled in June that the commission did not adhere to state law governing how the regulators should conduct its examination of the plant application.

For more information about SWEPCO’s request for rate increase, visit http://www.easttexasreview.com/newspaper.htm?ArticleID=596.

For more information about the Court of Appeals decision and the issues surrounding the Turk plant, visit https://greenarbytheday.wordpress.com/2009/07/02/analysis-swepco-broke-the-law-tries-to-spin-facts/.

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