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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

FERC Extends California Power Talks

LCG, Jan. 5, 2001A Federal Energy Regulatory Commission administrative law judge said yesterday that he would extend into today talks involving California utilities, independent power producers and regulators. The talks are aimed at permitting utilities to enter into long-term contracts for power they deliver to retail electricity customers.

Judge Curtis Wagner said he would convene a third day of talks today, but would not disclose what progress had been made in the first two days of discussions. "We're a lot better off than we were yesterday (Wednesday)," he said.

One of the biggest problems with the deregulated California electric market, FERC found, is a requirement that all wholesale power purchases and sales in the state must be made through the California Power Exchange. At the time the restructuring act was passed in 1996, this seemed like a good idea in that it would provide transparency to the power market.

It turned out, however, that not allowing the utilities to enter into long-term power purchases to cover their native loads resulted in them going into the last-minute "spot" market for their power needs, paying the highest prices in a volatile market.

To make matters worse, the California Independent System Operator published in advance profiles of peak demand power needs. Without the need for collusion, power producers were able to hold back on bidding power into the market until the market was desperate for power. Then they could charge just about any price they wanted.

Judge Wagner was hopeful that from today's discussions he might achieve "an agreement between parties on how to proceed."

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