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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

Private Equity Firm to Buy Eight Duke Power Plants

LCG, May 5, 2004--Duke Energy has said that it will reduce its ownership of merchant power plants by one-third, completely divesting itself of such plants in the southeastern U.S., after completing a planned sale of eight facilities to a private equity fund.

The sale, to the fund MatlinPatterson Global Opportunities Partners II, brings the total value of asset sales either announced or closed by Duke Energy to approximately $2.5 billion this year. The plants to be sold burn natural gas, are located in Arkansas, Georgia, Kentucky and Mississippi, and have a total capacity of 5,325 megawatts.

The completion of the sale is expected in the third quarter of the year, following the approval of each plant's sale by the Federal Energy Regulatory Commission, and the approval of the deal by the Federal Trade Commission.

The MatlinPatterson fund was started by a former banker with Credit Suisse First Boston, David Matlin, in autumn of 2003. Initially, its investments centered on distressed debt of companies such as MCI, formerly WorldCom. The fund will reportedly acquire the Duke plants for $475 million.
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