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SWEPCO Requests Permission To Raise Rates

AEP’s SWEPCO unit has submitted a request to the Public Utility Commission Texas to allow it to increase the company’s Texas rates by approximately $83 million.

If the request is approved, new rates could go into effect starting January 2013. The rate increase would result in an average bill going up about $12 per month, or approximately 16 percent for a residential Texas customer using 1,000 kilowatt-hours per month.

“We realize customers don’t like to see rates go up but this request is necessary to recover the significant investments we’ve had to make to ensure that we can continue to provide reliable, reasonably priced electric service,” said Venita McCellon-Allen, SWEPCO president and chief operating officer.

Keep in mind that SWEPCO raised rates by $25 milllion back in 2010.

SWEPCO has 181,000 customers in East and North Texas.  Unlike the majority of Texas electricity users, SWEPCO’s customers do not have the power to choose their electric provider.

 

COMMENTS

  • I am extremely opposed to any rate increase planned by SWEPCO. We always seem to cover (whether in rate increases or utility surcharges) for any ill-planned / half way management plan to conceal THE TRUE cost of any cost recovery plan thought out by greedy corporate officers of this company.

    Reply

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