SHREVEPORT, La. (Jan. 31, 2024) – Southwestern Electric Power Co. (SWEPCO, a subsidiary of American Electric Power (Nasdaq: AEP) is seeking submissions for its three Request for Proposals (RFPs) for additional generation and capacity resources to supply the needs of its customers and comply with Southwest Power Pool’s planning reserve margin requirement.
The RFPs will solicit bids for the purchase of resources of up to 2,100 MW of accredited capacity needed for our customers through a range of sources, including natural gas, wind, solar, and storage resources. These future projects will further diversify SWEPCO’s generation resource mix. SWEPCO is requesting proposals for these resources through purchase and sale agreements (PSA), power purchase agreements (PPA) and capacity purchase agreements (CPA).
In accordance with Louisiana regulatory requirements, SWEPCO issued the draft RFP November 29, 2023. Those wishing to participate and submit an RFP can learn more at https://www.swepco.com/business/b2b/energy-rfps/.
Proposals are due April 3, 2024. Response and contact information are available online at SWEPCO.com/rfp. Proposals selected from the three RFPs are subject to appropriate regulatory approvals.
About Southwestern Electric Power Co. (SWEPCO)
We deliver safe, reliable and affordable power to more than half a million homes and businesses in Arkansas, Louisiana and Texas. Our 1,400 employees power today’s necessities and inspire tomorrow’s possibilities. You’ll see us improving communities, promoting sustainability and building grid resiliency throughout our territory, spanning more than 25,000 distribution line miles. Our work in energy efficiency has been repeatedly recognized by the U.S. Department of Energy, which honored us as an ENERGY STAR® 2023 Partner of the Year for Sustained Excellence. We recognize that innovative approaches to workforce development are necessary to effectively recruit qualified, diverse talent in today’s competitive labor market and this includes a commitment to building a diverse and skilled workforce through partnerships to grow the talent pipeline. We’re proud to be named Texas Workforce Commission’s 2023 Employer of Excellence and to receive the 2023 Curt Eysink Excellence in Workplace Development award from the Louisiana Community and Technical College System. Because we produce and deliver one of the most powerful forces on earth, we keep the safety and well-being of our customers and employees at the forefront, always. We are proud of the Million Work Hours Safety Award from the Arkansas Department of Labor Licensing and Arkansas Workers' Compensation Commission on behalf of our Flint Creek Power Plant for working 4 million hours without a lost-time accident. We believe we can deliver reliable electricity while protecting the environment. Our work to support habitat conservation was recently recognized by the Wildlife Habitat Council Conservation (WHC) who awarded us a Silver Certification for supporting sustainable ecosystems at our Eagle Watch Nature Trail. SWEPCO is an American Electric Power (Nasdaq: AEP) company. SWEPCO’s headquarters are in Shreveport, LA. News releases and other information about SWEPCO can be found at SWEPCO.com. Connect with us by following Facebook.com/SWEPCO, Twitter.com/SWEPCOnews, Instagram.com/swepco, Youtube.com/SWEPCOtv and LinkedIn.com/company/swepco.
About American Electric Power (AEP)
At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 employees operate and maintain more than 40,000 miles of transmission lines, the nation's largest electric transmission system, and more than 225,000 miles of distribution lines to deliver power to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with nearly 29,000 megawatts of diverse generating capacity, including approximately 6,100 megawatts of renewable energy. AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable. We are on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and have a goal to achieve net zero by 2045. AEP is recognized consistently for its focus on sustainability, community engagement and inclusion. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.