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July 03, 2015 8:11 AM ET

Electric Utilities

Company Overview of Southwestern Electric Power Company

Company Overview

Southwestern Electric Power Company is engaged in the generation, transmission, and distribution of electric power in northeastern and panhandle of Texas, northwestern Louisiana, and western Arkansas. The company also supplies and markets electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives, and other market participants. It serves natural gas and oil production, petroleum refining, pulp and paper manufacturing, chemicals, food processing, and metal refining industries, as well as various military installations, colleges, and universities. In addition, the company owns and operates a lignite coal mining operation. It serves approximatel...

1 Riverside Plaza

Columbus, OH 43215

United States

Founded in 1912

1,468 Employees

Phone:

614-716-1000

Key Executives for Southwestern Electric Power Company

Chairman, Chief Executive Officer and President
Age: 55
Chief Financial Officer, Executive Vice President and Director
Age: 47
Director of Business Operations
President of PSO and Director of PSO
Age: 70
Chief Accounting Officer and Controller
Compensation as of Fiscal Year 2015.

Southwestern Electric Power Company Key Developments

Southwestern Electric Power Completes Offering of $400.0 Million of its 3.900% Series J Senior Unsecured Notes Due April 1, 2045

Southwestern Electric Power Co. on March 23 completed an offering of $400.0 million of its 3.900% series J senior unsecured notes due April 1, 2045. The company plans to use net proceeds from the offering for general corporate purposes relating to its utility business, including the payment at maturity of its $100 million of 5.375% senior notes, series C, due April 15 and its $150 million of 4.90% senior notes, series D, due July 1. Pending such use, it may temporarily invest the proceeds in short-term, interest-bearing obligations. Interest on the notes is payable semiannually on April 1 and Oct. 1 of each year, beginning Oct. 1. Mizuho Securities USA Inc., UBS Securities LLC, Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. served as book managers. BBVA Securities Inc., SMBC Nikko Securities America Inc. and The Huntington Investment Co. acted as co-managers.

Southwestern Electric Power Names Director of Corporate Communications

Southwestern Electric Power reported it named Carey Sullivan as director of corporate communications. Most recently, Sullivan served as project outreach strategist for the AEP Transmission Co. LLC group. In her new role, Sullivan is responsible for company communications activities in SWEPCO's three-state service area of northwest and central Louisiana, east and north Texas, and western Arkansas.

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