Economic Development

Southwestern Electric Power Company takes pride in working with local, regional and state economic development organizations to promote economic growth in our service territory, to bring new jobs and business to our communities

SWEPCO's economic development manager and external affairs managers offer economic development services throughout SWEPCO's service territory. They include, but are not limited to the following:

  • Offer electric rate analyses based on the client's needs
  • Available buildings data
  • Information on available sites for greenfield projects
  • Community Profiles
  • Work with the client to create project "request for proposals" from the communities SWEPCO serves in Texas, Arkansas and/or Louisiana
  • Receive/assemble proposals and package into one submission to client for review
  • Work closely with local, regional and state economic organizations to insure maximum client assistance
  • Create multi-city/state itineraries and meetings with local/state officials for site/buildings/community project tour

Low Electric Rates

SWEPCO's residential, commercial and industrial averages compared to State Averages and USA Average**

Arkansas

SWEPCO State Average National Average
Residential 9.01 ¢/kWh 10.18 ¢/kWh 13.35 ¢/kWh
SWEPCO average Residential rate is 11.9% less expensive than the state average, 32.5% less than the national average!
Commercial 6.70 ¢/kWh 7.46 ¢/kWh 10.26 ¢/kWh
SWEPCO average Commercial rate is 10.2% less expensive than the state average, 34.7% less than the national average!
Industrial 6.51 ¢/kWh 7.46 ¢/kWh 9.47 ¢/kWh
SWEPCO average Industrial rate is 12.7% less expensive than the state average, 31.3% less than the national average!

Louisiana

SWEPCO State Average National Average
Residential 9.58 ¢/kWh 9.91 ¢/kWh 13.35 ¢/kWh
SWEPCO average Residential rate is 3.33% less expensive than the state average, 28.2% less than the national average!
Commercial 7.69 ¢/kWh 7.88 ¢/kWh 10.26 ¢/kWh
SWEPCO average Commercial rate is 2.4% less expensive than the state average, 35.9% less than the national average!
Industrial 7.41 ¢/kWh 7.52 ¢/kWh 9.47 ¢/kWh
SWEPCO average Industrial rate is 1.5% less expensive than the state average, 33.1% less than the national average!

Texas

SWEPCO State Average National Average
Residential 9.33 ¢/kWh 10.36 ¢/kWh 13.35 ¢/kWh
SWEPCO average Residential rate is 10.7% less expensive than the state average, 30.1% less than the national average!
Commercial 6.58 ¢/kWh 7.63 ¢/kWh 10.26 ¢/kWh
SWEPCO average Commercial rate is 11.8% less expensive than the state average, 33.7% less than the national average!
Industrial 6.34 ¢/kWh 6.93 ¢/kWh 9.47 ¢/kWh
SWEPCO average Industrial rate is 8.51% less expensive than the state average, 33.1% less than the national average!

The above rates are NOT for DEREGULATED Texas.

** Data from Edison Electric Institute (EEI) Typical Bills and Average Rates Report Investor Owned Electric Utilities Winter, 2016

For more information and/or assistance contact:

Eric Basinger, CEcD Eric Basinger, CEcD
Manager, Economic and Business Development
318-673-3170
esbasinger@aep.com