About those cheap SWEPCO rates | Arkansas Blog

Wednesday, December 10, 2008

About those cheap SWEPCO rates

Posted By on Wed, Dec 10, 2008 at 1:21 PM

Sounds like they'll be going up if the PSC is as friendly to the company's request for more dough as it is to its desire to build environmentally damaging and ever-more-expensive coal-burning power plants.

Another Bombay martini to celebrate, Louie?

Read on for an I-told-you-so from opponents of the SWEPCO power plant.

Statement of Glen Hooks/Sierra Club

 “Only one day after bragging about the low cost of coal power in Arkansas, SWEPCO is now seeking an increase in its power rates.  It’s worth noting that SWEPCO’s own press release cites as justification, among other things, the cost of its proposed dirty coal-fired power plant in Hempstead County.

 “The proposed SWEPCO power plant is a monstrosity that will stick Arkansas ratepayers with dramatic increases in power costs.  The plant has already increased in cost by over 300 million dollars to more than $1.6 billion dollars, and we estimate that the actual costs are actually closer to $2 billion dollars.  How much money will Arkansas ratepayers be stuck with to pay for dirty energy?

“We call on the Public Service Commission to examine this rate increase request carefully and to stop this boondoggle of a project.  Dirty coal is a bad investment that is dangerous to our health, our environment, and now our wallets.”

Statement of Ken Smith, Executive Director/Audubon Arkansas

“This is not unexpected and we anticipate additional rate cost directly associated with the construction of the John Turk Plant.,” says Ken Smith of Audubon Arkansas. “All SWEPCO rate payers in Arkansas, Louisiana, and Texas will likely see sharp increases on their utility bills in the near future.”

Statement of Rob Fisher, Executive Director/ECO (Ecological Conservation Organization) and member of the Governor’s Global Warming Commission

“Just one day after environmental groups met with the public and the Governors office to explain how SWEPCO has piecemealed their permits together, SWEPCO unveils their grand scheme to raise rates on consumers to pay for this archaic and expensive scam.  “Just yesterday SWEPCO spouted to the media how cheap their energy was and what a great deal this was for the public. It is deeply irresponsible of them to put their poor investments on the backs on the public and this entire issue should be re-evaluated by the Arkansas Public Service Commission”  - Rob Fisher, Director of ECO and member of the Governors Global Warming Commission.


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