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Public Service Company of Oklahoma Completes Acquisition of Green Country Power Plant

LCG, July 3, 2025--American Electric Power (AEP) announced today that on June 30, the 795-MW Green Country Power Plant officially became part of the generation portfolio of Public Service Company of Oklahoma (PSO), a unit of AEP.

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Alliant Energy Submits Plans to Iowa Utilities Commission for the Addition of 1,000 MW of Wind Capacity

LCG, July 2, 2025--Alliant Energy today announced plans to add up to 1,000 MW of wind energy generating capacity in Iowa to meet demand and ensure reliable, affordable energy for its customers. The plans are included in a filing with the Iowa Utilities Commission (IUC), and the company anticipates a decision from the IUC in the first quarter of 2026.

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Industry News

Governor Says State Power Market Not Competitive

LCG, July 28, 2000--In response to power surges in the wholesale price of electricity that short-circuited the utility bills of San Diego householders over the past two months, California Gov. Gray Davis yesterday called on state regulators to ask the Federal Energy Regulatory Commission to rule that California does not have a competitive energy market.

Such a ruling would allow FERC to put a cap on wholesale power prices in California, but it is not a sure bet that they would be lower than the $500 per megawatt-hour cap currently imposed by the California Independent System Operator.

In a Wednesday decision to temporarily limit the price that generators may bid to sell their energy into the New York wholesale market, FERC declared that flaws in that competitive market system warrant a $1,000 per megawatt-hour bid cap through the summer period.

The governor also urged the state Public Utilities Commission, which will take up soaring wholesale electricity prices on August 3, to "take all actions necessary to assure that electricity supplies are adequate and that prices paid by California consumers are just and reasonable."

Earlier this month, Cal-ISO reduced the cap on wholesale electricity prices from $750 to $500, and may again cut the price -- this time to $250 -- when it meets next Tuesday.

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