Tough Break for SWEPCO Customers | Green Arkansas

Friday, February 20, 2009

Tough Break for SWEPCO Customers

Posted By on Fri, Feb 20, 2009 at 2:31 PM

Construction on that coal-fired power plant in Hempstead County is coming back to bite rate-payers in the Natural State.  SWEPCO announced yesterday that they will be seeking a $53.9 million rate increase from the Public Service Commission, a substantial portion of which would go to pay for construction on the plant.  This would raise rates by 17.7 percent - which means an additional $15.43 per month for the average customer

From Glen Hooks at the Sierra Club:

Today, Audubon Arkansas and Sierra Club released a report which detailed the true costs of the Turk power plant, which are much higher than SWEPCO disclosed to the PSC. Today’s filing from SWEPCO only strengthens the conclusions of that report. The Turk plant was originally slated to cost $1.3 billion and is now estimated to come in at more than $2 billion—with costs to rise significantly with new federal regulations coming from Washington. Arkansas ratepayers are going to be on the hook for billions of dollars, for a plant that pollutes Arkansas and sends most of its power out of state.

The Arkansas Public Service Commission needs to step in immediately to investigate the spiraling costs of this plant. Coal-fired power plants are being rejected all across the country as risky undertakings. They’re simply bad investments, both economically and environmentally. Arkansas can’t afford any more dirty coal.  

Throwing money at a non-renewable fossil fuel source is not what the state needs. 

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