SHREVEPORT, LOUISIANA -- The Public Utility Commission of Texas has approved a base rate increase for Southwestern Electric Power Company, a unit of American Electric Power.
In Texas, the bill for a residential customer using 1,000 kilowatt-hours (kWh) will increase approximately $7.00 per month, or 8.9 percent.
The Public Utility Commission of Texas approved this increase in base rates to recover costs associated with two major power plants and for vegetation management to maintain and ensure reliability.
The changes will begin with December 2013 customer bills, with the increase retroactive to January 29, 2013, which is pursuant to an agreement between the PUCT and SWEPCO in order to allow the Commission and other participating parties more time to review the case. SWEPCO filed the rate increase request in July 2012.
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