Ponca City, OK

Now: 40 °F

Currently: Fair

Hi: 80 °F | Lo: 61 °F

Sunday

Hi: 84 °F 

Lo: 61 °F

Monday

Hi: 79 °F 

Lo: 57 °F

Tuesday

Hi: 67 °F 

Lo: 52 °F

Wednesday

Hi: 74 °F 

Lo: 54 °F

Thursday

Hi: 79 °F 

Lo: 55 °F

Oklahoma Gas & Electric to purchase 2 power plants for $53M

The Associated Press and The Journal Record - December 22, 2018 9:53 am

(Information from: The Journal Record, http://www.journalrecord.com)
OKLAHOMA CITY (AP) – Oklahoma’s largest electric utility says its plan to spend $53 million to buy two power plants will save customers money and lower power plant emissions.
The Journal Record reports that Oklahoma Gas & Electric announced a plan Thursday to acquire the Shady Point power plant near Poteau and the Oklahoma Cogeneration plant in Oklahoma City.
The acquisitions are pending approval from state regulators in Oklahoma and Arkansas, but they would replace capacity supplied to OG&E under contracts set to expire next year.
OG&E says the deal will save customers up to $50 million a year and reduce coal use at Shady Point by more than 50 percent.
The Shady Point plant is fueled with coal and natural gas, and is owned by Virginia-based AES Corporation. The cogeneration plant is owned by Oklahoma Cogeneration LLC.

 

Latest Stories

Local veteran Stu Russell honored as House’s ‘Veteran of the Week’

OKLAHOMA CITY – State Rep. Ken Luttrell, R-Ponca City, honored Edward S. “Stu” Russell as the...

Lucas announces April Town Hall meetings in north-central Oklahoma

WASHINGTON, D.C. – Congressman Frank Lucas will hold town hall meetings in Garfield County and Kingfisher...

Governor signs bill to increase speed limits on turnpikes, highways

OKLAHOMA CITY – Gov. Kevin Stitt on Thursday signed a bill into law that will increase...