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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

Enron Prepared for Higher California Energy Prices

LCG, Apr. 11, 2002--A state senator from California testifies today before a U.S. Senate Commerce Committee on internal Enron documents indicating that the company secured large amounts of electric power and natural gas in mid-2000 before a surge in wholesale electricity prices set off a power crisis in the Western states.

The senator, Joseph Dunn, has prepared remarks concerning evidence that Enron was betting on large price increases. The company said during the height of the power supply crisis in 2001 that it was not deriving benefit from the higher prices, due to the increased cost of obtaining power. It cited such costs as a reason to back out of a direct service, four-year power supply contract with the state university system in February 2001.

Dunn will say of electricity purchases, "we know from the daily position reports, which Enron provided our committee, that as the summer of 2000 approached, Enron's traders had taken increasingly 'long' positions in the market..." According to Dunn, the tracking of gas purchases show the company wanted to become a net seller of gas. Remarks obtained in advance reflect a finding that "staggering shifts, a veritable sea change, from short to long positions are found in Enron's own books."

Additional testimony will cover the company management's opinions concerning the effects of deregulation. Within Enron, a strong supporter of the deregulated marketplace, documents indicated that "internal predictions do not appear to support...hyperbolic promises" concerning lower consumer prices.
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