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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

New York Approves Niagara Mohawk Rate Hike

LCG, Aug. 31, 2001--The New York State Public Service Commission has approved a request by New York utility Niagara Mohawk Power Corp. to increase electricity rates, reflecting the higher cost of producing power.

The rate hike, commonly called a "fuel cost adjustment," will hit householders with a 7.9 percent increase beginning September 1. Overall, the increase will average 4.9 percent for all classes of customers.

The new rates will remain in effect for two years unless fuel costs happen to unexpectedly drop over the next two years, in which case there would be a downward adjustment in rates.

"While none of us wants rate increases, it is important to understand what is driving the increases -- prices of fuel used to generate electricity," Niagara Mohawk Chairman Maureen Helmer said. "What we don't want to happen is for the real price of electricity to go unrecognized, risking the credit worthiness of utilities -- as happened in California -- and driving electricity prices for consumers even higher."

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