STOCK TITAN

OCC Approves PSO's Acquisition of Green Country Plant, Powering Oklahoma's Energy Needs

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
The Oklahoma Corporation Commission (OCC) has approved Public Service Company of Oklahoma's (PSO) acquisition of the Green Country Power Plant, a 795 MW natural gas-fired generation facility in Jenks, Oklahoma. The purchase, scheduled to complete by July 2025, aims to enhance PSO's capacity to meet growing energy demands. The acquisition will strengthen PSO's generation portfolio and improve grid reliability. The deal is expected to boost local economic development through increased ad valorem tax revenue, which will support Tulsa County schools and public services. PSO President Leigh Anne Strahler emphasized the positive impact this acquisition will have on customer service and energy stability.
La Oklahoma Corporation Commission (OCC) ha approvato l'acquisizione da parte della Public Service Company of Oklahoma (PSO) della Green Country Power Plant, un impianto di generazione a gas naturale da 795 MW situato a Jenks, Oklahoma. L'acquisto, previsto per essere completato entro luglio 2025, mira a potenziare la capacità di PSO di soddisfare la crescente domanda di energia. L'acquisizione rafforzerà il portafoglio di generazione di PSO e migliorerà l'affidabilità della rete elettrica. L'accordo dovrebbe favorire lo sviluppo economico locale attraverso un aumento delle entrate fiscali ad valorem, che supporteranno le scuole e i servizi pubblici della contea di Tulsa. La presidente di PSO, Leigh Anne Strahler, ha sottolineato l'impatto positivo che questa acquisizione avrà sul servizio clienti e sulla stabilità energetica.
La Comisión Corporativa de Oklahoma (OCC) ha aprobado la adquisición por parte de Public Service Company of Oklahoma (PSO) de la planta Green Country Power Plant, una instalación de generación de gas natural de 795 MW ubicada en Jenks, Oklahoma. La compra, que se espera completar para julio de 2025, tiene como objetivo aumentar la capacidad de PSO para satisfacer la creciente demanda de energía. La adquisición fortalecerá la cartera de generación de PSO y mejorará la fiabilidad de la red eléctrica. Se espera que el acuerdo impulse el desarrollo económico local mediante un aumento de los ingresos fiscales ad valorem, que apoyarán a las escuelas y servicios públicos del condado de Tulsa. La presidenta de PSO, Leigh Anne Strahler, destacó el impacto positivo que esta adquisición tendrá en el servicio al cliente y la estabilidad energética.
오클라호마 기업위원회(OCC)는 Public Service Company of Oklahoma(PSO)가 오클라호마 젱크스에 위치한 795MW 천연가스 발전소인 그린 컨트리 발전소를 인수하는 것을 승인했습니다. 이번 인수는 2025년 7월까지 완료될 예정이며, PSO의 에너지 수요 증가에 대응할 수 있는 역량을 강화하는 것을 목표로 합니다. 인수로 PSO의 발전 포트폴리오가 강화되고 전력망 신뢰성이 향상될 것입니다. 이 거래는 Tulsa 카운티 학교 및 공공 서비스에 지원되는 부가가치세 수입 증가를 통해 지역 경제 발전에도 기여할 것으로 기대됩니다. PSO 사장 Leigh Anne Strahler는 이번 인수가 고객 서비스와 에너지 안정성에 긍정적인 영향을 미칠 것이라고 강조했습니다.
La Commission des sociétés de l'Oklahoma (OCC) a approuvé l'acquisition par Public Service Company of Oklahoma (PSO) de la centrale Green Country Power Plant, une installation de production d'électricité au gaz naturel de 795 MW située à Jenks, Oklahoma. L'achat, dont la finalisation est prévue pour juillet 2025, vise à renforcer la capacité de PSO à répondre à la demande énergétique croissante. Cette acquisition renforcera le portefeuille de production de PSO et améliorera la fiabilité du réseau électrique. L'accord devrait stimuler le développement économique local grâce à une augmentation des recettes fiscales ad valorem, qui soutiendront les écoles et les services publics du comté de Tulsa. La présidente de PSO, Leigh Anne Strahler, a souligné l'impact positif que cette acquisition aura sur le service client et la stabilité énergétique.
Die Oklahoma Corporation Commission (OCC) hat den Erwerb des Green Country Power Plants durch die Public Service Company of Oklahoma (PSO) genehmigt. Die Anlage ist ein 795 MW starkes, mit Erdgas betriebenes Kraftwerk in Jenks, Oklahoma. Der Kauf, der bis Juli 2025 abgeschlossen sein soll, zielt darauf ab, die Kapazität von PSO zur Deckung der steigenden Energienachfrage zu erhöhen. Die Übernahme wird das Erzeugungsportfolio von PSO stärken und die Netzzuverlässigkeit verbessern. Die Vereinbarung wird voraussichtlich die lokale Wirtschaftsentwicklung durch erhöhte Ad-valorem-Steuereinnahmen fördern, die die Schulen und öffentlichen Dienste im Tulsa County unterstützen. PSO-Präsidentin Leigh Anne Strahler betonte die positiven Auswirkungen dieser Übernahme auf den Kundenservice und die Energieversorgungssicherheit.
Positive
  • Acquisition of 795 MW natural gas-fired generation facility enhances power generation capacity
  • Increased ad valorem tax revenue will benefit local schools and public services
  • Strengthens grid reliability and energy stability for customers
  • Regulatory approval received from Oklahoma Corporation Commission
Negative
  • None.

TULSA, Okla., June 5, 2025 /PRNewswire/ -- The Oklahoma Corporation Commission (OCC) has approved the Public Service Company of Oklahoma's (PSO) purchase of the Green Country Power Plant, a 795 MW natural gas-fired generation facility located in Jenks, Oklahoma. This acquisition, set to be finalized by July 2025, will enhance PSO's capacity to meet the rising energy demands of its customers.

The OCC's approval marks a step forward in PSO's commitment to deliver affordable and reliable energy to its customers while supporting Oklahoma's economic development. Bringing the Green Country Power Plant into PSO's generation portfolio strengthens PSO's ability to provide stable, secure power to customers.

"We recognize the strong leadership from the Oklahoma Corporation Commission and the open and collaborative process that enabled a positive result for our customers," said Leigh Anne Strahler, President of PSO. "Through this purchase, we are adding energy stability and reliability for the communities we serve."

Beyond strengthening grid reliability, the purchase is expected to generate substantial local benefits. Increased ad valorem tax revenue from the facility will directly support Tulsa County schools, public services, and job creation—further reinforcing PSO's commitment to the communities it serves.

About PSO

PSO, a unit of American Electric Power (Nasdaq: AEP), is an electric utility company serving nearly 575,000 customer accounts in eastern and southwestern Oklahoma, powering a cleaner, brighter energy future for its customers and 232 communities. Based in Tulsa, PSO has approximately 4,400 megawatts of diverse generating capacity that primarily includes wind and natural gas. It maintains and operates more than 20,000 miles of distribution lines and 3,800 miles of transmission lines and is one of the largest distributors of wind energy in the state. Public Service Company of Oklahoma was recognized by the Edison Electric Institute with an Emergency Response Award in January 2025. Find news releases and other information at www.PSOklahoma.com. Connect with us on Facebook, X (formally Twitter), NextDoor and Instagram @PSOklahoma.

(PRNewsfoto/American Electric Power)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/occ-approves-psos-acquisition-of-green-country-plant-powering-oklahomas-energy-needs-302473948.html

SOURCE American Electric Power

FAQ

What is the capacity of the Green Country Power Plant that AEP's PSO is acquiring?

The Green Country Power Plant is a 795 MW natural gas-fired generation facility.

When will PSO complete the acquisition of Green Country Power Plant?

The acquisition is set to be finalized by July 2025.

Where is the Green Country Power Plant located?

The Green Country Power Plant is located in Jenks, Oklahoma.

How will the Green Country Power Plant acquisition benefit the local community?

The acquisition will generate increased ad valorem tax revenue that will support Tulsa County schools, public services, and job creation.

Who approved PSO's purchase of the Green Country Power Plant?

The Oklahoma Corporation Commission (OCC) approved the acquisition.
Americn Electric

NASDAQ:AEP

AEP Rankings

AEP Latest News

AEP Stock Data

54.32B
533.79M
0.03%
80.36%
1.81%
Utilities - Regulated Electric
Electric Services
Link
United States
COLUMBUS