U.S. Senator Josh Hawley (R-Mo.) introduced legislation – alongside Sen. Jerry Moran (R-Kan.) and Sen. Roger Marshall (R-Kan.) – that would provide stable energy rates and a reliable electric grid to states in the Southwestern Power Administration (SWPA) region, including Missouri, Arkansas, Kansas, Louisiana, Oklahoma and Texas.
“After the devastating tornadoes that left victims without power for days, Missourians deserve consistent and affordable energy,” said Senator Hawley. “This legislation will ensure that every Missourian has access to power they can rely on.”
The Southwestern Power Administration Fund Establishment Act would give SWPA the authority to operate on a self-funding, revolving Treasury fund to help provide the affected states with a long-term, reliable financing source. This would give the region more stable funding to lower customer rates, which can be highly volatile due to market demand and weather. Furthermore, the legislation would provide SWPA clarity to plan long-term infrastructure improvements and power replacement and allow SWPA to avoid drastic and unnecessary spikes in power rates charged to its wholesale customers in an extreme or multi-year regional drought situation.
“It is critical that Kansans have access to reliable electricity at stable rates, especially during extreme and dangerous weather,” said Senator Moran. “This legislation will provide funding stability that will allow energy providers to make needed infrastructure improvements and prevent Kansans from suffering mass power outages.”
“Kansans – especially our farmers and ranchers – need reliable and affordable power,” said Senator Marshall. “Consumers have suffered from high energy costs for too long, and this bill will help deliver stable and affordable power while improving our power grid infrastructure. I am proud to stand with Senators Jerry Moran and Josh Hawley in supporting this important legislation.”
Senator Hawley has long advocated for Missourians to access reliable American-made energy.