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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

Judge Rejects PG&E Asset Transfer Proposal

LCG, Feb. 9, 2002--A plan by Pacific Gas and Electric Co. to transfer generating assets to its parent company, PG&E Corp., has been rejected by U.S. Bankruptcy Judge Dennis Montali.

The decision was issued Thursday evening. The regulated utility claims that the transfer of power plants, hydropower dams and transmission infrastructure to un-regulated status would allow them to earn higher, market rates. The proceeds, it has said, would be used to repay billions of dollars to creditors.

Montali found that, contrary to PG&E's arguments, bankruptcy law does allow California to prevent the transfer, and that federal law should not supersede state law. Many state laws would need to be overridden to enable the transfer.

Under PG&E's plan, PG&E Corp. would have paid $4.35 billion in cash and securities to the utility, and received assets worth $8.3 billion. A Justice Department representative who is taking part in the bankruptcy proceedings, Linda Stanley, said of the plan, "they seem to be transferring (out) more than the creditors are getting."

The judge set Feb. 27 as the date by which the utility will need to respond to another bankruptcy reorganization proposal, one put forth by the Public Utilities Commission. A spokeswoman for the PUC, Terrie Prosper, said "now there's not a viable plan on the table, so hopefully that leaves room for ours, which is better for consumers."

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