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Arizona's 1,200-MWh Papago Storage Project Commences Operations

LCG, July 7, 2025--Recurrent Energy, a subsidiary of Canadian Solar Inc., announced today that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has achieved commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state's largest electric utility, in time to help meet rising electricity peak demands during the summer season.

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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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Industry News

CA Bill Would Reduce PG&E Interest Cost

LCG, May 24, 2004--A bill passed by the California state Senate that would allow the utility Pacific Gas & Electric to lower its interest costs is now in the hands of Gov. Schwarzenegger.

Assuming that Schwarzenegger signs Senate Bill 772, by Senator Debra Bowen, D-Marina del Rey, the California Public Utilities Commission would then act to allow the utility to issue bonds to refinance a regulatory asset of $2.21 billion. "The quicker we act, the quicker the rates go down," Michael Peevey, the president of the PUC, told an investor conference this past wednesday.

The refinancing could result in savings in the amount of $1 billion from lower interest and tax payments. The asset to be refinanced was created in the course of PG&E's bankruptcy reorganization. Peevey expressed the belief that new bonds would be issued this year.
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