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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

Rates for BC Hydro Customers May Rise

LCG, Feb. 21, 2002--A combination of below-normal generation resources, increased costs and dwindling accumulated revenue may force an electric power rate increase for BC Hydro.

The utility's most recent "dividend" paid to the provincial government was supported by nearly C$200 million ($126 million US) from the Rate Stabilization Account, a contingency fund that was also used to pay customers a dividend last year. BC Hydro's annual profit in 2001 was approximately C$200 million, significantly under the previous year's profit, which exceeded C$564 million ($355 million US) from the second through the fourth quarters.

The provincial government's budget for the next three years allows for an annual 9.7 percent decrease in dividend payments from the utility, much less than the decline in BC Hydro's profits. The utility paid C$937 million ($589 million US) more for power supplies over the period April through December 2001 than it had during the same period the previous year, largely due to depleted water levels in reservoirs.

A rate freeze was enacted by Premier Gordon Campbell's government in August of last year, and is set to last through March 31, 2003. Dick Gathercole of the B.C. Public Interest Advocacy Centre noted that the government does not have to stick to the freeze until that time. "Once Hydro sees that it's not going to be able to meet its payment without a rate increase, that's when you'll see the rate freeze lifted," Gathercole said.
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