Rate Reforms Planned for Texas Grid
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What became AEP Central started out in 1916 as the Central Power and Light Company (CPL) providing towns in Arkansas, Missouri, and Texas with electricity, ice, and street railway service. In 1925, CPL came under the control of Central and South West Corporation (CSW). In the late 1940s, the CSW separated off its natural gas, water, and ice businesses and focus solely on its electric utility operations, including CPL. American Electric Power (AEP) bought CSW in 1979, renaming it AEP Texas. CPL then became AEP Texas Central Company.
Following deregulation, AEP Texas kept its AEP Central and AEP North subsidiaries as separate TDSP/TDU companies. In 2016 both were finally fully merged into AEP Texas. In 2019, AEP Texas began consolidating charges from its North and Central Divisions into one rate. The new single tariff rate went into affect in May, 2020.
American Electric Power (AEP) is an investor-owned electricity utility company based in Corpus Christi, Texas. Because AEP Texas serves so much of Texas, the company is active in all the communities it serves. In 2019, the AEP Texas Foundation supported more than 160 nonprofit organizations and social services agencies throughout the state. Over the years, the AEP Texas Foundation has become a mainstay in communities, awarding numerous grants to education and social justice projects as well.
Here are answers to some common questions that people have had about AEP Texas Central
These are a few plans that we think you'll like. We also have a more detailed listing of all TX plans for AEP Texas Central, or you can use our AEP Texas Central Rate Comparison Page to find a great deal