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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

El Paso Chief Exec to Resign

LCG, February 11, 2003-William Wise, chief exectutive officer of the El Paso Corporation, announced his resignation Monday, although he will stay on through this year.

El Paso Corporation, a natural gas pipeline company, has been facing severe debt, in addition to lawsuits, and last week declared $2.9 billion in asset sales as well as a large cut in annual dividends, from 87 cents to 16 cents per share.

Shareholders, including an investor group led by the largest single shareholder, Selim Zilhka, have been rallying for changes in the El Paso board and the replacement of the management team.

Wise has worked for El Paso for 33 years and as CEO beginning in 1990. He will stay on until a new CEO is found and keep his title as chairman through this year.

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