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Swepco history
Swepco company history timeline
So, too, the Rural Electrification Administration, created in 1935, fostered the creation of small utility cooperatives, which in some states, notably Texas, competed with the large, investor-owned companies for rural customers, giving them what investors saw as a distinctly unfair advantage.
Although court appeals and the Second World War slowed enforcement of the law, by 1944 the SEC ordered Middle West to sell off many of its holdings, in effect compelling the holding company's dissolution and forcing it into receivership.
Over the next decade, partly as a result of CSW's purchase of Transok Pipe Line, the sales of CSW more than doubled, reaching $425 million by 1970.
Two went into service in the late 1970s, at Welsh in east Texas and Flint Creek in northwest Arkansas. It completed a mine-mouth, lignite-fired plant, the Pirkey Power Plant, near Hallsville in east Texas in 1985, and the next year, in a joint venture with Central Louisiana Electric Co. (CLECO), opened another lignite facility, the Dolet Hills Power Plant, nears Mansfield in northwest Louisiana.
SWEPCO faced competitive bids and court delays, however, and no resolution had been reached by the summer of 1997.
In the late 1990s, under the leadership of its president Michael D. Smith, SWEPCO remained responsive to the needs of both its private and commercial consumers. For example, in 1997, the company began providing around-the-clock, seven-day-a-week access to its service representatives, facilitating not just outage and emergency reporting but all other kinds of service formerly limited to "regular" business hours.
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Zippia gives an in-depth look into the details of Swepco, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Swepco. The employee data is based on information from people who have self-reported their past or current employments at Swepco. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Swepco. The data presented on this page does not represent the view of Swepco and its employees or that of Zippia.
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