Rate Reforms Planned for Texas Grid
Posted on
What became AEP North started out as the West Texas Utilities (WTU) Company in 1922 following a merger of seven west Texas power and ice companies. In 1925, WTU came under the control of Central and South West Corporation (CSW). In the late 1940s, the company separated off its natural gas, water, and ice businesses and focus solely on its electric utility operations. American Electric Power (AEP) bought Central and South West Corporation in 1979, renaming it AEP Texas. That was when WTU became AEP Texas North Company.
Following deregulation, AEP kept its two Texas subsidiary companies (AEP North and AEP Central) as separate TDSP/TDU companies. In 2016 they 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 North
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 North, or you can use our AEP Texas North Rate Comparison Page to find a great deal