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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

Rising Profile of Coal Underlined by Private Equity

LCG, June 15, 2004--Several private equity firms have bought U.S. assets of a German holding company, RAG Coal International AG, for approximately $1 billion, to form a new company, American Coal Holdings Inc., which will be the fourth-largest coal company in the U.S.

The announcement of the deal in late May by First Reserve Corp., Blackstone Group, and American Metals & Coal International Inc., gives First Reserve and Blackstone 42.% stakes each in the company, while American Metals will own the remainder, without voting privileges.

The assets include mines in Wyoming, Pennsylvania, West Virginia and Illinois, from which approximately 65 million tons are produced annually. The U.S. accounts for approximately one-quarter of global coal supply, while the price of the fuel in the U.S. has risen about 50%, after a sustained rise in natural gas prices, as well as in oil.

Blackstone has made previous inroads into the energy sector, with previous purchases of stakes in both an oil firm and a petroleum refinery. First Reserve has already bought into a mining company and an owner of coal reserves.
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