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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

Dynegy's Online Trading Site Shut Down

LCG, June 20, 2002--The online electric power and energy product trading site Dynegydirect ceased operations at the close of business yesterday.

The closure of the site, which was reportedly used by 2,300 buyers and sellers, followed layoffs of at least 50 traders. Site operator Dynegy Inc. served as a market maker on the site, acting as the other participant in sales and purchase transactions. Spokesman Steve Stengel said, "I can confirm that we have stopped electronic trading on Dynegydirect. We will continue to trade with customers in North America and the U.K. by phone."

Consolidation of energy-related business activities and a general retrenchment within energy trading in particular has occurred as companies try to improve their credit ratings. As a result, traders still doing business have commented on the loss of liquidity. Dynegydirect offered 750 products, including natural gas and coal as well as electric power.

On top of 340 employees who have been laid off by Dynegy, a senior executive, Rob Doty, the company's chief financial officer, has announced his resignation. Doty, who joined the firm in 1997, is being succeeded by Louis Dorey, the president of the energy marketing division.
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