It didn't take two of Arkansas' largest electric utilities long to propose power generation projects under a new law that retooled how utilities are allowed to finance the construction of "strategic investments."

Entergy Arkansas Inc., the state's largest electric utility, has officially filed an application with the Arkansas Public Service Commission to build a 754-megawatt natural gas-fired power plant, which it hopes to finance with a rate increase starting in 2026. The company said in early August that the plant will generate $2.9 billion in economic benefits for the state during the construction phase.

And Entergy isn't alone. The Southwestern Electric Power Company, already seeking commission approval for a $30.46-per-month residential base rate increase , is asking the commission

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