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Commission halves SWEPCO rate increase

Commission halves SWEPCO rate increase
Friday, October 4, 2013 - 7:35am

The Public Utility Commission of Texas has granted AEP Southwestern Electric Power Co. a rate increase totaling less than half what the company had been seeking.

The three-member commission voted unanimously Thursday to grant an increase of about $39 million, said commission spokesman Terry Hadley. SWEPCO had been seeking a total increase of $83 million.

The impact on rates wasn’t immediately clear.

Under its request filed in July 2012, the company said the average residential bill would increase by about 16 percent, or $12 a month. 

Read more at www.news-journal.com

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