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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

Allegheny Asks Permission for Special Borrowing

LCG, July 22, 2003--With its debt already relatively high compared to equity, Allegheny Energy Inc. is seeking to issue new notes that would be backed by regulated utility units, a move that may meet with resistance from the Securities and Exchange Commission.

The $2 billion worth of borrowing by the holding company would be used to sustain the unregulated arm of the company. The requirement regarding capital structure for a company owning utilities under the 1935 Public Utility Holding Company Act is to have at least 28% equity in order to issue securities, whereas in Allegheny's case it stands at 20%. The consequences if the request is not granted could be to undermine the utilities Potomac Edison Co. and West Penn Power, according to the public utilities commissions of Maryland and Pennsylvania. Those commissions have expressed their support of the SEC granting the request.

The Wall Street Journal quoted analyst Craig Shere, with Standard & Poor's, as saying that regulators have taken part in a "backlash" against increasing debt on the part of utilities due to fallout from deregulation. Allegheny owns utilities in Maryland, West Virginia, Virginia and Pennsylvania, and may sell more assets such as trading contracts according to its cash flow situation.
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