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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

Negotiators in Nuclear Warhead Fuel Sale at Loggerheads

LCG, Jan. 29, 2002--The privatized U.S. agency which supplies U.S. nuclear power plants with fuel from Russian warheads is at an impasse over the price it will pay the Russian agency, Tenex, under a long-term agreement.

USEC Inc., based in Bethesda, Md., buys fuel with the U.S. government's backing, and supplies half of the low-enriched uranium used by domestic nuclear plants. The program is also seen as important to maintaining international security. USEC is seeking a lower price than what was charged under a five-year contract, and wants the price it pays to be tied to activity in the uranium market.

The profitability of the company has dropped 60 percent in a year, and its stock price has fallen by half. The U.S. government is concerned that such a company be in place to handle the transactions, but so far, Energy Secretary Spencer Abraham has not responded to a request by the Russian Nuclear Power Minister to become involved in the stalled negotiations.

Undersecretary of Energy Robert Card expressed concern with USEC, saying "if the outstanding issues in the negotiation are not resolved expeditiously, the United States could find itself with a nuclear power fuel shortage."

USEC maintains an inventory to supply plants, and did not place an order for the current year. The company's CEO, William Timbers, said the concern was "unwarranted and disingenuous."
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