Arkansas regulators approve SWEPCO rate hike for power upgrades
Arkansas customers served by Southwestern Electric Power Company (SWEPCO) will see higher monthly electric bills after the Arkansas Public Service Commission (PSC) approved an $85 million rate increase for the utility.
According to reporting by the Arkansas Times, the rate hike will raise the average residential customer’s monthly bill by about $24, impacting more than 120,000 SWEPCO customers across Arkansas. The increase follows a contested regulatory process that drew opposition from residents and environmental advocates concerned about affordability and long-term energy planning…