PRESS RELEASE

SHREVEPORT, La. (March 24, 2022) – The Arkansas Public Service Commission (APSC) has scheduled two Public Comment Hearings for Southwestern Electric Power Co.’s application for new rates.

·        Tuesday, March 29, 2022 - 6 p.m. - Northwest Arkansas Community College, 6101 Watkins Ave., Springdale, Ark.

·        Thursday, March 31, 2022 - 6 p.m., University of Arkansas Cossatot Community College, 1411 N. Constitution Ave., Ashdown, Ark.

Public comments may also be submitted online at the APSC website (Docket No. 21-070-U): http://www.apscservices.info/

For more information on SWEPCO’s request, visit: https://www.swepco.com/ArkansasRates

On July 23, 2021, SWEPCO submitted a request to the APSC to update SWEPCO’s non-fuel base rates. SWEPCO seeks to recover environmental and resiliency costs associated with providing customers cleaner and more reliable energy. The request includes recent investments in transmission and distribution facilities, and reflects costs to operate and maintain equipment that delivers power to customers. It would establish new tariffs for electric vehicles, lighting and other measures.

SWEPCO serves approximately 123,000 customers in Arkansas.

About Southwestern Electric Power Co. (SWEPCO)

SWEPCO, an American Electric Power (Nasdaq: AEP) company, serves more than 543,000 customers in Northwest and Central Louisiana, Northeast Texas and the Texas Panhandle, and Western Arkansas. SWEPCO’s headquarters are in Shreveport, La. News releases and other information about SWEPCO can be found at SWEPCO.com. Connect with us at Facebook.com/SWEPCO, Twitter.com/SWEPCOnews, Instagram.com/swepco, Youtube.com/SWEPCOtv and LinkedIn.com/company/swepco.