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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

Virginia's Transitional Rates Draw Notice by Suppliers

LCG, Jan. 15, 2002--The announcement of Virginia retail rates by the State Corporation Commission gives potential power suppliers a benchmark against which to consider supply offers.

The key figure is the "price to compare," to which a transition charge is added. The "price to compare" is the price a supplier will have to beat in order to draw a customer looking for a less expensive alternative to Virginia Power; those who do not switch do not pay the transition charge. Until price caps are lifted in 2007, any customer switching to an alternate supplier for electricity will pay a transition charge. That charge was established to compensate utiltiies for investments that were put in place before deregulation.

Some companies with the potential to become competitive suppliers have testified before the General Assembly subcommittee dealing with electric deregulation that the charge, which is 2.13 cents per kilowatt-hour, will hinder competition from taking root as long as it is kept in place. Such companies as Old Mill Power Co. of Charlottesville and AES New Energy Inc. may buy wholesale power and then sell it to retail customers, meaning they do not require their own generation resources.

Pepco Energy Services has been the first and only company to offer customers an alternative during 2002, when deregulation began in Virginia. Its rates, which are for "green power," exceed those of Virginia Power by 2 cents per kilowatt-hour when the transition charge is added. Dominion Retail, which is part of the same corporate entity as Virginia Power, was a supplier in an early pilot program, and will continue to be a supplier.

Any supplier that wants to be competitive with Virginia Power will need to offer a rate of 3.671 cents per kilowatt-hour or less.
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