- Category: News
- Published on 11 June 2014
- Written by Mount Vernon Optic-Herald
- Hits: 1524
NOTICE OF RATE CHANGE REQUEST
Southwestern Electric Power Company (SWEPCO or Company) publishes this notice that on May 7, 2014, it filed its Statement of Intent and Application for Authority to Implement a Transmission Cost Recovery Factor (TCRF) with the Public Utility Commission of Texas (PUCT or the Commission) in Docket No. 42448. The filing was made in accordance with the Public Utility Regulatory Act (PURA) § 36.209 and Commission Substantive Rule 25.239. The TCRF will recover SWEPCO’s reasonable and necessary costs for transmission infrastructure improvements, as well as changes in wholesale transmission charges under a tariff approved by the Federal Energy Regulatory Commission (FERC). In this application, the time period for SWEPCO’s transmission capital investments, to be recovered through the TCRF, is December 31, 2011 through February 28, 2014. SWEPCO also seeks to recover through the TCRF approved transmission charges that are not otherwise being recovered through current rates.
This notice is being published in accordance with PURA § 36.103 and Commission Procedural Rule 22.51(a)(1).
STATEMENT OF INTENT TO CHANGE RATES
SWEPCO requests that the Commission approve a TCRF that would result in an increase in revenues of $14,729,466 per annum, an increase of 5.01 percent in overall annualized revenue. SWEPCO has proposed that its requested rate change become effective 35 days after the filing of the Statement of Intent and Application. The proposed effective date is subject to suspension and extension by actions that may be taken by the Commission.
All customers in SWEPCO’s Texas retail rate classes will be affected by this change. The impact of the rate change on various customer classes will vary from the overall impact described in this notice.
Persons with questions or who want more information on SWEPCO’s Statement of Intent and Application may contact SWEPCO at 428 Travis Street, Shreveport, Louisiana 71101, or call toll-free at (888) 216-3523 during normal business hours. A complete copy of the Statement of Intent and Application and related filings is available for inspection at the address listed in the previous sentence.
The Commission has assigned Docket No. 42448 to this proceeding. Persons who wish to intervene in or comment upon these proceedings should notify the Commission as soon as possible, as an intervention deadline will be imposed. A request to intervene or for further information should be mailed to the Public Utility Commission of Texas, P.O. Box 13326, Austin, Texas 78711-3326. Further information may also be obtained by calling the Public Utility Commission at (512) 936-7120 or (888) 782-8477. Hearing- and speech-impaired individuals with text telephones (TTY) may contact the Commission at (512) 936-7136. A request for intervention or for further information should refer to Docket No. 42448. Unless otherwise ordered by the presiding officer, motions to intervene will be due 45 days from the date SWEPCO filed its Statement of Intent and Application with the Commission.