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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

Southern Energy Completes Purchase of Pepco Plants

LCG, Dec. 20, 2000--Southern Energy Inc. said yesterday it has completed its $2.65 billion acquisition of power plants with electric generating capacity totaling 5,154 megawatts fromPotomac Electric Power Co.

"This acquisition, the largest single purchase of assets ever by Southern Energy, is a big step toward meeting our goal of owning or controlling 30,000 megawatts of capacity in the United States by2004," said Marce Fuller, Southern Energy chief executive. "The location of these assets near key energy markets also makes closure of this acquisition exciting."

Southern Energy bought four power plants in the deal: the 837 megawatt Dickerson Station in Montgomery County, Md., the 2,423 megawatt Chalk Point Station in Prince George's County, Md., the 1,412 megawatt Morgantown Station in Charles County, Md., and the 482 megawatt Potomac River Station in Alexandria, Va.

John Derrick, chief executive of Pepco, said closing of the sale "is a significant milestone in Pepco's strategy of transforming the company from a regulated, integrated electric utility into a diversified telecommunications and energy services company, selling and delivering electricity, natural gas, telecommunications and related products in the mid-Atlantic region."

Pepco said part of the proceeds from the sale will be used to retire $525 million of thecompany's outstanding long-term debt. Two hundred million dollars that was borrowed earlier this year to fund a common stock buyback program also will be repaid.

Pepco will also use about $170 million to lower customers' electric bills.

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