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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

Power Project Developers Cutting Back, WSJ Says

LCG, Jan. 4, 2002--Sliding wholesale electricity prices are causing developers of power plants to rethink their plans and many are cutting back on projects already under development, the Wall Street Journal reported this morning.

Another factor in the cutback is the recent harsh treatment of corporate debt levels by credit rating agencies and the effect credit downgrades has had on the market capitalization of some power producers.

According to the Wall Street, a research group found that about 18 percent of announced projects will not be completed. Energy Insight, a Colorado-based unit of McGraw-Hill Cos., said that 91,139 megawatts of new generation, out of a total announced 503,780 megawatts, had been scrapped or delayed by the end of last year.

According to the paper, Energy Insight's conclusions are based on company releases and may understate marketplace conditions.

Mirant Corp., Dynegy Inc. and El Paso Corp. have all said they would trim their power project plans for 2002 and Calpine Corp. will make a similar announcement later this month, the Wall Street said.

More optimistic voices have said the decline in wholesale power prices is at least partially due to a sluggish national economy and delaying power projects now will only result in another power shortage in a few years.

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