Power pool announcement | Arkansas Blog

Friday, February 26, 2010

Power pool announcement

Posted By on Fri, Feb 26, 2010 at 9:14 AM

News release says the new Southwest Power Pool building in LR, word of which leaked yesterday, could mean 200 new jobs.

NEWS RELEASE

Southwest Power Pool to build corporate headquarters in Little Rock
Company will invest $62 million in new facility, add 200 jobs
 
LITTLE ROCK, Arkansas (February 26, 2010) – Southwest Power Pool Inc. (SPP), a non-profit organization that provides services to 56 electric utilities and related organizations in nine states, today announced it will build a new corporate headquarters in Little Rock. The company will add 200 new jobs at the new facility, bringing total employment by 2012 to more than 600 people with total compensation approaching $75 million and average annual salaries of $83,500. SPP will invest $62 million in the facility and is finalizing the purchase of 20 acres off Chenal Parkway. SPP will consolidate its existing three locations in central Arkansas to the new campus.


According to SPP President and CEO Nick Brown, “Building a campus for all employees will bring efficiencies, allowing us to focus on helping our members keep the lights on, plan for needed high-voltage transmission facilities, and develop new energy markets that will benefit our region.”


SPP’s new facility will contain a 150,000-square-foot office building and a 33,000-square-foot operations/data center. The building will be LEED certified, and SPP will preserve green spaces and many of the site’s natural characteristics.


“Southwest Power Pool already has a good history in Little Rock, and is making a strong, long-term commitment to Central Arkansas by expanding its headquarters here,” Governor Mike Beebe said.  “These are high-paying, good-quality jobs that will help our economy while bolstering the company’s success in our State.”


With oversight by the federal government, SPP serves as an “air traffic controller” of the high-voltage electric grid, ensuring that electricity safely and reliably gets to customers. The company dates to 1941, when 11 regional power companies joined to keep an Arkansas aluminum factory powered around the clock to meet critical defense needs.
 
“Southwest Power Pool has decades of history and success in Little Rock, the region and its markets,” said Little Rock Mayor Mark Stodola. “In economic development, existing business retention and expansion is a major creator of new jobs, capital investment and payroll. The City of Little Rock is proud to partner with the Chamber in assisting SPP’s growth and capital commitment for its new headquarters and looks forward to continuing a long and productive partnership.”


The announcement was made today at the Little Rock Regional Chamber of Commerce and was hosted by Barbara Graves, chairman of the Chamber.


SPP plans to occupy the new headquarters in mid- to late-2011.


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