Ponca City, OK

Now: 93 °F

Currently: Fair

Hi: 93 °F | Lo: 70 °F

Monday

Hi: 93 °F 

Lo: 71 °F

Tuesday

Hi: 92 °F 

Lo: 73 °F

Wednesday

Hi: 91 °F 

Lo: 71 °F

Thursday

Hi: 88 °F 

Lo: 71 °F

Friday

Hi: 87 °F 

Lo: 74 °F

Oklahoma coal plant’s future bleak amid cheaper power

The Associated Press - August 30, 2018 11:06 am

POTEAU, Okla. (AP) – The future of an independent coal-fired electricity generator and its about 100 employees in eastern Oklahoma is looking bleak in the face of cheaper power.

The Oklahoman reports that the AES Shady Point plant in Le Flore County could close as soon as January.

Vice President Lundy Kiger said Tuesday that closing may be the 360-megawatt plant’s only option after being notified this month that Oklahoma Gas & Electric Co. won’t proceed with another extension of its long-running power purchase agreement with AES Shady Point.

Energy consultant Loyd Drain says he’s not surprised the larger utility is considering other potential power sources because power production costs are low across the power grid that serves the Great Plains.

Kiger estimates AES Shady Point generates an annual economic impact of up to $48 million in southeastern Oklahoma.

 

Latest Stories

New laws crack down on jailhouse informants

HARTFORD, Conn. (AP) – An effort to more tightly regulate the use of jailhouse informants is...

Hearing set on request to withhold fatal police shooting video

(Information from: McAlester News-Capital, http://www.mcalesternews.com) McALESTER, Okla. (AP) – A hearing has been scheduled on an...

Prosecutor: Ex-tribal chief pleads guilty to bribery charge

MUSKOGEE, Okla. (AP) – A former principal chief of the Muscogee (Creek) Nation has pleaded guilty...