If you’re a SWEPCO customer in Arkansas, your utility bill could be going up.
SWEPCO is asking the Arkansas Public Service Commission for a net annual increase of $45.6 million in the company’s non-fuel base rates, plus $12 million for increased vegetation management.
If approved, new rates would likely go into effect in the first billing cycle of January 2020.
The combined $57.6 million requests would result in an overall bill increase of approximately $22.60 per month.
“We recognize that this increase will impact individuals, families, and businesses. At the same time, we have made significant investments in generation, transmission and distribution facilities since our last Arkansas general rate case in 2009,” said Malcolm Smoak, SWEPCO president and chief operating officer. “We work hard to provide high-quality customer service while managing our costs and continuing to invest in the electric system to provide reliable and safe power for Arkansas customers.”
SWEPCO says the last base rate review was 10 years ago. Since then SWEPCO says its expenses, including operations and maintenance, have gone up.