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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

UBS Warburg to Reduce Trading, Leave Houston

LCG, Dec. 11, 2002--The energy trading operations of UBS Warburg Energy, a unit of Swiss investment bank UBS Warburg, will be reduced through layoffs of three-quarters of the company's Houston staff, following the cessation of trading through its online platform.

UBS Warburg's energy trading staff in Houston, which will become 90 from the present level of 380, will be brought to Stamford, Connecticut, while the Houston office will be closed. The bank has about 3,000 staff in Stamford currently. The changes are expected to be finalized by the first quarter of 2003. Ongoing trading will be conducted by telephone, a spokeswoman said.

Much of the trading operations, including the online trading platform UBSWEnergy.com, were acquired from bankrupt Enron Corp. with the understanding that 33 percent of any profits would go to Enron. The unit has been run by Enron's former president and chief operating officer, Lawrence "Greg" Whalley. UBS Warburg would not comment on Whalley's future, which is made uncertain by his being named a defendant in lawsuits against Enron.
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