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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

North Carolina Approves CP&L-Florida Progress

LCG, Aug. 23, 2000--The North Carolina Utilities Commission yesterday approved CP&L Energy Corp.s pending acquisition of Florida Progress Corp. leaving only the Securities and Exchange Commission approval needed to complete the transaction.

The commission extracted some concessions from CP&L before giving the merger the green light. As part of the approval order, CP&L will provide a total of $29.5 million in rate reductions for its North Carolina customers. The reductions include rate cuts totaling $19.5 million over years 2002 to 2005 and a one-time reduction of $10 million in fuel costs to settle the fuel case for this year.

The commission also included a series of conditions designed to protect North Carolina customers from any adverse effects of combination of the two companies.

"The combination of CP&L and Florida Progress will benefit both customers and shareholders," predicted CP&L chief executive William Cavanaugh.

The companies expect to close the deal this fall.

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