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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

Federal Regulators Settle BP Energy Allegations for $3 Million

LCG, July 22, 2003The Federal Energy Regulatory Commission and BP Plc. came to an agreement over BPs alleged electricity market manipulation.

In March an investigation by FERC uncovered activity between BP Energy Company and Reliant Resources that allegedly showed manipulation of Western electricity prices during the 2000/2001 energy crisis.

FERC staff found that BP staff sold energy to Reliant and then repurchased it in order to influence electricity prices at the Palo Verde hub. While some people find so-called round-trip trades legitimate, BP did respond to FERCs report and noted the trades were inappropriate.

According the Commission, BP will pay $3 million to United Way in California and Arizona. BP electricity sales will have to pass FERC review for the next six months. Also, energy trading records, such as reports on trades and copies of trading tapes, will be submitted to FERC.

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