...Southwestern Electric Power Company's (SWEPCo) ratings reflect the company's integrated electric utility asset base and mixed state regulatory environments in Arkansas, Louisiana and Texas. The company also has Federal Energy Regulatory Commission (FERC) jurisdictional assets. The company owns 5,034MW of generating capacity and has long-term power purchase agreements (PPAs) on another 469MW. The ratings also consider SWEPCo's relationship with its parent, American Electric Power Company, Inc. (AEP; BBB+/Negative), on which SWEPCo relies for equity contributions and access to short-term liquidity....
