AEP Southwestern Electric Power Company (SWEPCO) has submitted a request to the Public Utility Commission of Texas (PUCT) to increase the company's Texas rates by approximately $69 million annually.

The primary need for new revenue is to cover $34.4 million annually for additional investment in environmental controls at four major power plants. The investments are necessary to comply with new U.S. Environmental Protection Agency (EPA) regulations, SWEPCO said

Residential customers using 1,000 kilowatt-hours per month would see an estimated increase of $12.67 per month, or 13 percent. Increases for individual customers will vary depending on each customer's usage characteristics.

Tags:
Texas   SWEPCO   Regulation  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Company Seeks Texas PUC Approval For 'HVDC' Converter Facilities Connecting ERCOT With WECC Grid
ENGIE Files Complaint Against ERCOT '
Energy Shopping Site Names 2021 'Best Texas Electricity Providers'
Texas Retail Provider Named 'Best Electricity Company In Houston'
Gov.'s Administration Favors Bill Banning New Residential Enrollments With Retail Energy Suppliers