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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

TXU Says Aussie Regulatory Climate May Force Asset Sales

LCG, Nov. 14, 2000--TXU Corp.'s Australian subsidiary may consider selling its electricity and natural gas distribution assets in the commonwealth if the regulatory climate does not improve, Steve Philley, newly arrived as chief executive of TXU Australia Pty Ltd., said this morning.

Speaking to the Australian Institute of Company Directors, Philley said distribution companies were earning only 5 percent to 7 percent on equity against the 10 percent considered necessary. "If we determine that our shareholders are best served by monetizing our investments, we will certainly do that," he said.

Philley pointed to a decision by the Office of Regulator-General in the state of Victoria that would regulate returns for the next five years. The state's distribution companies say the decision would cost them $1 billion Australian ($520,000 U.S.) and runs counter to incentives offered when the distributors were privatized.

Philley said an appeal of the Regulator-General's ruling to the Victoria state Supreme Court is "under active consideration and is a possibility, but no final decisions has been made." He cautioned that if there were no incentives to invest the distribution systems would be unable to keep pace with demand and power failures would be the likely result.

"It is becoming increasingly difficult to come up with ways to invest new capital in this sector, in this region, as the markets struggle to understand what the future offers here in Victoria," Philley said.

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