12/22/1998

Arkansas Public Service Commission Approves Regulatory Plan On Merger Between American Electric Power and Central and South West

Columbus, Ohio, and Dallas, Texas (Dec. 22, 1998) -- The Arkansas Public Service Commission (APSC) on Dec. 17 issued a final order granting approval of a stipulated agreement related to the proposed merger regulatory plan of American Electric Power Company, Inc. ("AEP") [NYSE: AEP] and Central and South West Corporation ("CSW") [NYSE: CSR]. CSW is the parent company of Southwestern Electric Power Company (SWEPCO) SWEPCO serves portions of East Texas, Northwest Louisiana and West Arkansas, including Fayetteville, Booneville, Rogers and Eureka Springs. Arkansas is the first state jurisdiction to approve the proposed merger between AEP and CSW. The APSC in August approved the merger between the two companies, subject to any findings issued during the review of the proposed regulatory plan for sharing of merger benefits in Arkansas. The Arkansas regulatory plan is the result of a settlement between the merger applicants and the APSC general staff. In November, AEP, CSW and SWEPCO announced a settlement with the APSC general staff on the merger regulatory plan related to the proposed merger. The settlement calls for SWEPCO to reduce rates through a net merger savings rider for its Arkansas retail customers by amounts totaling approximately $6 million over the five-year period following completion of the merger. The parties filed the settlement with the APSC on Nov. 3. The APSC order notes the possibility of decisions in other jurisdictions adversely affecting provisions of the Arkansas settlement. Consequently, the APSC approval is conditioned on its consideration of approval of the merger at other state and federal regulatory bodies. Richard E. Munczinski, senior vice president - corporate planning and budgeting for AEP, noted that he was "pleased that we were able to reach agreement in Arkansas so that SWEPCO's customers can enjoy the benefits of the merger." Munczinski said AEP and CSW will continue settlement discussions with the Federal Energy Regulatory Commission, other regulatory bodies and intervenors in the various merger proceedings. The two companies already have reached settlements with several groups in Texas and the Nuclear Regulatory Commission has approved the license transfer application filed CSW's Central Power and Light Company subsidiary regarding the South Texas Project nuclear power plant. "We have now received two approvals related to our merger," Munczinski said. "We continue to be encouraged by the positive progress we have been able to make in the state of Texas. We are also pleased with the cooperation we have received in other jurisdictions to assure that the merger is considered expeditiously." In Texas, the companies' settlement-in-principle with the Office of Public Utility Counsel and the Steering Committee of the cities of McAllen, Corpus Christi, Victoria, Abilene, Big Lake, Vernon and Paducah would result in combined rate reductions totaling approximately $180 million over a six-year period following completion of the merger for Texas customers of the three CSW Texas electric operating companies. If approved by the city councils and the Public Utility Commission of Texas, the settlement will resolve all issues of the signing parties. "We expect to continue to make progress in the remaining federal and state filings," Munczinski added. The companies announced a definitive merger agreement for a tax-free, stock-for-stock transaction on Dec. 22, 1997. AEP and CSW jointly filed with the FERC on April 30, 1998 for approval of their proposed merger. The companies also have filed applications seeking approval of the merger with the Arkansas and Texas commissions, as well as the the Oklahoma Corporation Commission, the Louisiana Public Service Commission, the Federal Energy Regulatory Commission and the Securities and Exchange Commission. The companies plan to make the final two filings associated with approval of the merger with the Federal Communications Commission and the Department of Justice in the near future. Central and South West Corporation is a Dallas-based public utility holding company that owns four U.S. electric utility subsidiaries with 1.7 million customers, a regional electricity company serving 2 million customers in the United Kingdom, and nonutility subsidiaries involved in energy-related investments as well as subsidiaries that offer telecommunications, energy efficiency and financial transactions. American Electric Power Company, Inc., a global energy company, is one of the United States' largest investor-owned utilities, providing energy to 3 million customers in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia. AEP has holdings in the United States, the United Kingdom, China and Australia. AEP's wholly owned subsidiaries provide power engineering, energy consulting and energy management services around the world. The company is based in Columbus, Ohio.

For More Information, Contact: American Electric Power: Deb Strohmaier 614/223-1656 Central and South West: Larry Jones 214/777-1276

More From AEP Ohio

Sign Up Now Pay Online for Free with Paperless Billing

Pay Online for Free with Paperless Billing

Learn More

You wanted a bill that is simple, clear and colorful

How We Restore Power Learn more

How We Restore Power

Find Out How Save Energy. Save Money

Save Energy. Save Money

Visit AEP.com
Use of this site constitutes acceptance of the AEP Terms and Conditions. View our Privacy Policy. © 1996-2019 American Electric Power. All Rights Reserved.

Privacy Policy

Privacy Policy for AEP Ohio, a unit of American Electric Power (AEP)

Scope

This Privacy Policy applies only to AEPOhio.com and the AEP Ohio customer mobile app (com.aep.customerapp.aepohio). Other AEP websites and apps may be governed by their own privacy policies, appropriate to the uses and needs of each. Throughout the site or app, we may provide links to resources and sites that are not part of AEPOhio.com or the AEP Ohio customer mobile app. This Privacy Policy does not apply to those resources and sites.

Consent

By using this site or app, you consent to the terms of this Privacy Policy. Whenever you submit information via this site or app, you agree to the collection, use, and disclosure of that information in accordance with this Privacy Policy.

Information Collected

  1. Passively collected information

    During your use of this site or app, we may collect anonymous information about your visit here through the use of server logs, cookies, scripts, tracking pixels and other Web traffic tracking systems. This information is aggregated and used to improve user experience through analysis of user activities. This information is never combined with any of the personally identifiable information you may provide in your use of the features of this site or app.
  2. Personally identifiable information

    On certain forms of this site or app, you may be asked to provide information about yourself or your account with us, either to identify yourself to us or to request a service from us. In each case, we will inform you what information is provided at your option and what information is required to complete the transaction or activity you are engaged in. If you are unwilling to provide this required information, you will be unable to complete the requested transaction.

Use and disclosure of information

The information you provide to us will be used to respond to requests you may make for services. Some or all of this information may be added to your permanent account record and may be used for research purposes.

In addition, we may use elements of this information in the following situations:

  1. We may transfer the information to AEP Ohio’s affiliates and subsidiaries, unless such transfer is prohibited by law;
  2. We may transfer the information as part of a merger, consolidation, acquisition, divestiture or other corporate restructuring (including bankruptcy);
  3. We may make the information available to third parties who are providing the product, service or information that you have requested (but not your password);
  4. We may make such information available to third parties who are providing services to AEP Ohio (for example, providing the information to third parties performing computer-related services for AEP Ohio);
  5. We may use the information to communicate with you about products and services that may be of interest to you.
  6. We may disclose the information if we form a good-faith belief that disclosure of such information is necessary to investigate, prevent, or take action regarding any illegal activities or regarding interference with the operation of our site or violation of its terms of use; or
  7. We may disclose the information if we believe that disclosure is required by law or regulation or in response to a subpoena or other order of a court or other governmental agency.

AEP Ohio uses Flurry Analytics Service (provided by Yahoo) in order to improve its mobile apps. Flurry’s privacy policy governs the use of this information.

Also, AEP Ohio reserves the right to share any aggregated information (i.e., non-personally identifiable information) with any third parties for any reason, unless prohibited by law.

We will not sell, rent or otherwise disclose the information we gather about you or your account to any third party, except as outlined in this Privacy Policy.

Security

AEP Ohio takes reasonable steps to protect your personally identifiable information as it is transferred to us, through the use of Web technologies such as the Secure Sockets Layer and others. However, no Internet transmission of information is ever completely secure or error-free. In particular, e-mail sent to or from AEP Ohio may not be secure.

How to Reach Us

If you would like to update your personally identifiable information or if you have questions about this privacy policy, please contact us.

Changes to This Policy

AEP Ohio reserves the right to change this Privacy Policy at any time. If this Privacy Policy changes, the revised policy will be posted to this site. Please review this Privacy Policy before you provide any personally identifiable information through this site. Use of our web site after the posting of a revised privacy policy constitutes your consent to the revised policy.

This policy was last revised on December 13, 2017.

Close ×

Sign Up For Alerts

Subscribing to AEP Ohio alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Win an Xbox One with Alerts!

Enroll in alerts to be eligible to win. Subscribing to I&M alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Loading video...

×