Arkansas recently ranked as the fastest-growing state economy in America for two quarters in a row, the number one state for inbound movers, and the state with the lowest cost of living. Arkansas is already expected to see more than a 35% increase in power needs in the next five years, and with projections showing that figure could more than double, we are acting now to build the next generation of power sources to support our state’s growth and serve our customers while keeping rates affordable.

To do this, we plan to invest in approximately 2,600 MW of new, more fuel-efficient generation resources and repower approximately 1,600 MW of existing generation in the next five years, including:

• Investing in new, modern natural gas plants to increase fuel efficiency by up to 40%, which lowers fuel charges on customer bills:
  • 450 MW of power from the new Ironwood Power Station in Hot Spring County.
  • 750 MW of power from the new Jefferson Power Station in Jefferson County.
• Adding 600 MW of solar power and 350 MW of battery storage from the new Arkansas Cypress facility in Jefferson County, which will provide clean, renewable power that lowers fuel charges on customer bills.
• Retrofitting our coal-fired generators to burn natural gas and extend their lives.
• Investing in upgrades at existing natural gas facilities to increase output more than 150 MW.
• Renewing our license to generate 1,800 MW of clean, reliable 24/7 energy produced by the Arkansas Nuclear One power plant and investing in new, more efficient plant equipment that increases the output of the facility.

Subject to or pending approval by the Arkansas Public Service Commission