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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

Cinergy Board Approves Poison Pill

LCG, July 28, 2000--Cinergy Corp. said yesterday that its directors had adopted a poison pill giving shareholders the right to purchase additional shares 10 days after acquisition by an investor of 10 percent or more of Cinergys common stock or the announcement of a tender offer or exchange offer which would have that result.

The "shareholder rights" plan, as poison pills are called, would impose economic penalties on a hostile acquirer of Cinergy shares.

Cinergy said the rights plan was not adopted in response to any effort to acquire control of the company, noting that more than 2,000 companies have rights plans, including a majority of the Fortune 500 and more than 40 utility companies.

Under Cinergys plan, shareholders will receive one right for each share of stock they own, distributed as a dividend. Each right will entitle the holder to purchase one share of Cinergy common stock at $100 when circumstances trigger the poison pill.

Cinergy common stock was trading on the New York Stock Exchange at 26 at noon today.

The shareholder rights plan would take effect following approval by the Securities and Exchange Commission.

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