Company: SWEPCO Parent Company: American Electric Power Subsidy Source: multiple Location: Louisiana City: Shreveport County: Caddo Project Description: natural gas plant Year: 2010 Major Industry of Parent: utilities and power generation Specific Industry of Parent: utilities Subsidy Value: $96,542,770 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Source of Data: The value of the property tax exemptions and Enterprise Zone tax credits are taken from: Louisiana Commerce & Industry Board Approvals, 2010 (YTD 8/2010), pp. 30 and 150; available online at: (click here) Notes: The subsidy package can be tied to the 2010 opening of J. Lamar Stall unit at SWEPCO natural gas plant in Shreveport. The project received property tax exemptions worth estimated $92,588,770 over 10 years, Enterprise Zone investment tax credits worth an estimated $3,929,000 over 5 years, and Enterprise Zone job tax credits worth $25,000. The main Subsidy Tracker data lists the awards in the 2010 entries for Industrial Tax Exemption and Enterprise Zone programs (for EZ, the amount listed is $3,954,000), both under Southwestern Electric Power Company dba SWEPCO. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.