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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

California Grabs Power Plant Property Taxes;Counties Fear Loss of Millions in Revenue

LCG, Oct. 26, 2001--The California Board of Equalization, a state agency responsible for administering sales and use taxes, property taxes and special taxes, has voted to take over from counties appraisal of power plants, and local governments are concerned the switch could mean the loss of millions of dollars in revenue.

The Board said it would hold off on the tax grab until Jan. 1, 2003, to give the state legislature time to fix what opponents call a "fatal flaw" in the change. The fatal flaw is, once the money gets to Sacramento there is a good chance a lot of it will stay there.

Heretofore, counties have assessed the power plants to determine how much they owed in property taxes. The tax was paid to the county, which in turn passed it on to the redevelopment agencies in the communities in which the plants were located.

If the Board's plan stands, the very least that will happen is the tax revenues will be returned to the counties and not to the cities and towns where the power plants are. That would mean big losses in revenue for communities that have embraced generators as a means of paying for improvements and services.

How hard the communities could be hit was outlined by the city of Pittsburg, a blue-collar town across the bay from San Francisco which has welcomed development of two new power plants. John Knox, a lawyer hired by the city, said Pittsburg has been counting on $10 million in power plant property taxes.

The switch could leave the city with just $400,000, $9.6 million going to other parts of Contra Costa County such as Berkeley, where the huge University of California gobbles lots of electricity but where there are no power plants.

Frank Aiello, vice mayor of Pittsburg, said property tax revenue was the big reason his city was amenable to the development of the two plants. "You'll see more and more power plants not being sited," he said. "There will be an even bigger energy crisis."

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